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    Consent Letter From SBA 2013-14

    Uploaded by

    Sanjay Jeena
    This letter from an audit firm to the Chief General Manager of the Financial Reporting & Taxation Department of State Bank of India contains: 1) An undertaking by the audit firm to maintain confidentiality regarding their consideration for appointment as a Statutory Branch Auditor for FY 2013-14 and subsequent years if selected. 2) An undertaking that their appointment, if selected, would comply with RBI guidelines. 3) Confirmations from the audit firm that they are not disqualified under relevant laws and regulations to accept the appointment, and that they have not accepted other assignments from SBI or other public sector banks that could present a conflict of interest.

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    Consent Letter From SBA 2013-14

    Uploaded by

    Sanjay Jeena
    51 views1 page
    This letter from an audit firm to the Chief General Manager of the Financial Reporting & Taxation Department of State Bank of India contains: 1) An undertaking by the audit firm to maintain confidentiality regarding their consideration for appointment as a Statutory Branch Auditor for FY 2013-14 and subsequent years if selected. 2) An undertaking that their appointment, if selected, would comply with RBI guidelines. 3) Confirmations from the audit firm that they are not disqualified under relevant laws and regulations to accept the appointment, and that they have not accepted other assignments from SBI or other public sector banks that could present a conflict of interest.

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    Consent Letter from SBA 2013-14 (1)

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    This letter from an audit firm to the Chief General Manager of the Financial Reporting & Taxation Department of State Bank of India contains: 1) An undertaking by the audit firm to maintain confidentiality regarding their consideration for appointment as a Statutory Branch Auditor for FY 2013-14 and subsequent years if selected. 2) An undertaking that their appointment, if selected, would comply with RBI guidelines. 3) Confirmations from the audit firm that they are not disqualified under relevant laws and regulations to accept the appointment, and that they have not accepted other assignments from SBI or other public sector banks that could present a conflict of interest.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    51 views1 page

    Consent Letter From SBA 2013-14

    Uploaded by

    Sanjay Jeena
    This letter from an audit firm to the Chief General Manager of the Financial Reporting & Taxation Department of State Bank of India contains: 1) An undertaking by the audit firm to maintain confidentiality regarding their consideration for appointment as a Statutory Branch Auditor for FY 2013-14 and subsequent years if selected. 2) An undertaking that their appointment, if selected, would comply with RBI guidelines. 3) Confirmations from the audit firm that they are not disqualified under relevant laws and regulations to accept the appointment, and that they have not accepted other assignments from SBI or other public sector banks that could present a conflict of interest.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    of 1

    From: (Name & Address of Audit Firm with Tel. no.

    & e-mail id)


    To: Chief General Manager, Financial Reporting & Taxation Department.
    State Bank of India, 3rd floor, State Bank Bhavan, Nariman point, Mumbai-400021 (Phone –
    022-22740371, fax-022-22023487 e-mail: [email protected])
    PLEASE QUOTE UNIQUE CODE NUMBER AND FIRM REGISTRATION
    NUMBER
    Dear Sir,

    Sub: Statutory Branch Auditors for your Bank for the year 2013-14

    We refer to your letter and are pleased to confirm that our appointment as Statutory Branch Auditor for FY
    2013-14 and also for the subsequent continuing years, if made, will be in compliance of RBI guidelines.

    1. We hereby undertake not to disclose to anybody that our firm has been considered by your Bank for
    appointment as one of the Statutory Branch Auditors.

    2. We hereby undertake that our appointment, if made, as one of the Statutory Branch Auditors for the year
    2013-14 would be subject to the guidelines of Reserve Bank of India.

    3. We hereby confirm that:

    i. The firm is not disqualified under Section 226 of the Companies Act, 1956 to accept this appointment.
    Partners individually or severally are not disqualified under Section 226 of the Companies Act 1956.
    Further, the spouse, dependent children and wholly or mainly dependent partners, brothers, sisters or any
    of them, of any of the partners / proprietors of the firms or the firm / company in which their partners /
    directors are not indebted to the Bank for an amount exceeding Rs. 1000 as borrower or guarantor as
    provided under section 226 of Companies Act, 1956 and none of the partners is a director of the Bank or
    employee of the Bank. Further, none of the partners is holding any security of the Bank.
    ii. The Firm is not associated with internal assignment of the Bank.
    iii. The Firm / any Partner has not undertaken any other assignment from the Bank and its subsidiary directly
    / indirectly.
    iv. We have not accepted the Statutory Central/Branch Audit from any other Bank. Further, we undertake
    not to accept offer of appointment as Statutory Central/Branch Auditors from any other Public Sector
    Bank. We also confirm that this undertaking is irrevocable.
    v. There are no adverse remarks / disciplinary proceedings pending / initiated against the firm / any of its
    partners / proprietor by the Institute of Chartered Accountants of India.
    vi. neither the Partners nor Members of his family (family will include besides spouse, children, parents,
    brothers, sisters or any of them who are wholly or mainly dependent on the Chartered Accountants) nor
    the Firm / Company in which the Partner is a Partner / Directors have been declared as willful defaulter
    by any Bank/ Financial Institution.

    In case, the above declaration or any part thereof is found to be incorrect, the Bank is free to advise the details
    to Reserve Bank of India and Institute of Chartered Accountants of India for initiating necessary action.

    Yours faithfully,

    (Senior Partner / Proprietor)


    SIGNATURE WITH SEAL

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