J Singh & Associates

Chartered Accountants

Profile for Concurrent Audit

505,506,507,
Hub Town Viva,
Off Western Express Highway,
Near Shankarwadi, Andheri
East, Mumbai-400060
Contents

1. Introduction and background ..................................................................................................................... 1

2. Our proposed approach and methodology ............................................................................................... 3

3. Why J Singh & Associates ..................................................................................................................... 9

4. Project Team ............................................................................................................................................ 12

5. Annexure .................................................................................................................................................. 14
1. Introduction and background
The business environment in India continues to experience change on an unprecedented scale. Economic
reforms and changes in India all bring problems and opportunities. As the needs and expectations of our
clients have become more challenging, we have responded by developing more sophisticated VALUE ADDED
services, broadening our range of skills and increasing our capabilities to serve our clients.

What all clients have in common a desire for quality service and value for money. To exceed their expectation
in these areas, the firm aims to understand each client business or organization and the context in which it
operates. Our main objective is to provide our clients with professional advice and business solutions that
meet business objectives. The firm provides practical answers, through the constructive relationships
between our people and the clients they serve. To achieve this, we have adopted three key strategies.

First, as already mentioned, we aim to understand our clients business and their particular needs. Every client
is different and has different requirements. Our people at JS&A provide industry knowledge and examples of
best practice, to complement the technical skills of each discipline.

Second, we recruit and develop people of high caliber-with imagination and flair, team players who can work
with others from different disciplines. They are people of integrity, enthusiastic professionals who work hard.
They are leaders in their fields, prepared to offer a view.

Finally, we take lead in developing new services and new techniques, to match the changing needs of our
clients and their market place.

But the quality that marks us out is not just the scale of our resources; it’s the ability to deliver those resources
in ways that best meet the individual needs of each and every client. Everyone in JS&A is guided by a simple
yet demanding maxim: Listen to what clients wants.....then deliver more than they expect'.

We have acted for many of our clients for years. We maintain a high standard of service consistently over the
years as well as on individual assignments. We do this by developing good working relationships and by
anticipating clients needs - by stretching ourselves and by going beyond expectations. Only by providing the
best service over many years and on each assignment will our client stay loyal. Today our goodwill depends on
the quality of each job done, and as professionals we aim for excellence every time

1
HALLMARKS OF THE FIRM:
 Service Excellence – We put our clients first.

 Professionalism – We strive to be timely, efficiently and responsive in all we do. Our working
relationships are founded on courtesy, fairness, mutual respect and personal touch.

 Integrity – We are uncompromising: partners put interests of the clients above any personal interest or
ambition. We are intent on getting to right answer, rather than one that will do – that’s part of
delivering true value for money.

 Vision – We not only understand clients business but we also picture its potential.

 Realism – We strive for clear-sighted vision, based on honest and objective Assessment of our client.
We share our view openly and frankly with clients, proposing solutions where we see problems and
initiatives where we see opportunities.

 Involvement – Seeing `the client` as a person, not as abstract, leaves no room for aloofness or
pomposity. An involvement breeds loyalty: commitment that extends through bad times as well as good.

 Energy – We think ahead, look beyond the immediate brief to see what else needs to be considered.

 Creativity – We recognize the need to foster lateral thinking, and to stimulate innovation and
imagination within client teams as well as our own.

2
2. Our proposed approach and methodology
The word concurrent itself defines its meaning, concurrent means happening at the time. Concurrent Audit
means doing the examination of the financial transactions at the time of happening or parallel with the
transaction.
Most of the new articles who have been assigned to do the concurrent audit become terrified when they have to
go to bank alone, questions like what is this. How to do this? New and horrible banking software? Etc. arises. It
is normal to be nervous at the first time but later on everything starts running smoothly. In my case such things
had happened even I was out of station alone. So instead of getting lost what to do, we just can learn the things
from there. If we do the concurrent audit of banks very precisely then we can learn a lot of banking core
knowledge, new banking software, RBI norms and many more. So for the aid of new articles doing concurrent
audit I am going to write this article so that they can make intellectual profit from this.
To conduct the concurrent audit of banks we should generally look forward following things:
1. Cash Balance:
Every morning we shall have to check the cash balance of Cash Book of Bank in which all details regarding cash
balances are written on daily basis and manager and cashier do the authorization. Once in the month we have
to do physical verification of cash in hand with bank and ATM (if any) surprisingly and if any discrepancy found
shall be reported in the report.
2. KYC Policy:
This is the most sensitive and crucial part of the concurrent audit. KYC stands for Know Your Customer , a
term used for customer identification process. It involves making reasonable efforts to determine true identity
of the beneficiary of account, source of Fund, nature of customer’s business etc, which in turn helps bank to
manage their risk prudently. The major things we observe in KYC checking are identity proof and address
proof. We should be sure that whether AOF (Account Opening Form) is properly filled or not. The introducer
who introduces the new customer to the bank should have maintained his/her account for at least 6 months
without falling under inoperative account. In AOF there is clearly mentioned the required documents in order
to open the account in bank. Recently RBI has fined some of the nationalized banks and other big banks for non-
adherence of KYC norms and hence as a concurrent auditor we should ensure the KYC adherence of the
customers and any irregularities should be reported duly in the report. We should also discuss the major
irregularities with branch officials and look forward for the solution.
3. Loans and Advance Checking:
The most sensitive part of banking operation s Loans and Advances and their compliances. To check newly
sanctioned loans and advances we’ve to ask the Loan Manager of Bank for Document Register and they’ll
provide us that. Document register is nothing just a register maintained by bank for their advances, in which
they usually write name of the party, details of sanction made, papers submitted by party to bank etc. and is
verified by both credit manager and Manager of the Branch. Following are the crucial points to verify any
advances:

 Fulfillment of KYC norms and proper fling of AOF.

 Whether CIBIL (Central Information Bureau of India Ltd.) report is good or not. Higher points in CIBIL
report show the higher credibility of that party.
 Proper documents in order to sanction the loan are submitted by the party or not like Project Report,
past few years’ statement of affairs and projected statement of affairs if the project is new then full
proof projection and duly authorized by a Chartered Accountant or an expert on respective fields.
 If the loan is personal loan then purpose of loan should be mentioned, for vehicle loan RC i.e. Joint
registration with transport department is required within one month from the date of purchase of
vehicle further the copy of original invoice is also required.
  Details of primary and collateral security mortgaged with bank. Creation of charge with ROC.
 The form should be signed by at least one guarantor.
 For CC (Cash Credit) account party shall have to submit stock statement within 7 days from the end of
respective month. And we should have to check the DP (Drawing Power) calculation.
 See the Insurance register in order to verify the expiry of insurance of stock and securities mortgaged
with bank.
 We’ve to check the account statement of the party and see the transaction there if any doubt arise then
that should be cleared.
 NPAs and potential NPAs are to be checked carefully. And see the effort made by bank to recover the
amount from NPAs
 See the regularity in payment of interest, installments etc.
 If Ad hoc limit is provided by bank then check the repayment of same and proper functioning of account
because no ad hoc limit can be provided to irregular advance. Ad hoc limit means providing some
amount to an existing customer temporarily when the fixed limit provided by bank is insufficient for
spending. It should be repaid within 15 to 30 days. Usually there is the limit in providing ad hoc limit
which varies over bank to bank.

4. Deposit:
Generally we have to look through some high balance account and the trail of transaction. If there is any non-
operative account then we’ve to make effort to make them operative. We have to see whether interest code and
rates are correctly fed in to the system, any change in interest rates are effectively fed into the system or not
etc.
5. Forex:
If your auditing branch is authorized to do foreign exchange transactions then you are lucky that you got to
know about forex. In forex, we look through the exchange rate change and their correct valuation in books.
Available foreign exchange with bank, profit and loss in foreign exchange. There are some RBI guidelines
regarding foreign exchange and we have to see the adherence of same.
6. Income leakage:
This is the most important and sensitive part of concurrent audit. In most of the banks there are some income
leakage and we have to find out that. Generally income leakage arises due to following reasons and we have to
look that:

 Undercharge of processing fee, upfront fee and other charges by the bank during disbursement of loans.
 Wrong feeding of interest rates in the system.
 Wrong calculation of profit in forex transaction etc.

To overcome these types of revenue loss of bank we as an auditor go through the calculation and genuineness
of the different charges. Though banks are working on highly intelligent software but due to human errors such
kinds of leakage arise and we have to minimize those. Both the ICAI and Bank provides the manual for revenue
audit, if we go through that very carefully then we can understand the leakage more effectively. We have to
generate various MIS reports from the system and analyze them. If bank undercharges the fees then it lost its
income & the performance of the bank looks very weak due to this reason its share on the market falls down.
On the other hand, if bank does overcharge of such things then the false performance of bank is shown and
customer may be misguided due to this. It is the prima facial duty of auditor to shoe the true and fair
performance of the clients.
7. Housekeeping and computer:
As a concurrent auditor we have to check overall housekeeping maintenance of the branch. Whether the branch
is located in safe area or not, what safety vaults are adopted by the bank, safety of lockers, computer, its
software and its security etc.
8. Remittance:
It is also an important job of bank to provide remittance facility to their customer. We as an auditor should
check the trail of remittance. If the remittance made in foreign country then adherence of Foreign Exchange
Management Act, 1999, RBI guidelines etc are done or not.
9. Others:
There are other so many fields of banks. And as far as possible we have to cover all the areas, because there
may be fraud prone areas. We have to see the clearing process of cheque, Bills for collection and other bills
should be checked properly.
 Check List of items to be checked in above said areas of coverage
 For New account
1) Name of the account holder
2) Type of a/c saving/current/time/advance
3) A/c no
4) A copy of verified Identity proof
5) A copy of verified residential address proof
6) Verification of introducer’s signature
7) Whether letter of thanks is send or not to the introducer as well as to new depositor.
8) Signature of authorized signatory obtained
9) Check Certificate of incorporation/MOA/AOA, board resolution, Copy of PAN, power of attorney
10) Cross check no of a/c opening forms with a/c opened in the system
11) Ensure photograph of the a/c holder is obtained and fixed or stapled on the a/c opening form.

 Loan Files checking:

1) Verify rate of interest with rate circulars
2) Compare rate of interest and calculate EMI on calculator
3) Check title of clearance in respect of Housing or any other property loan and whether it is authorized by
bank’s approved advocates.
4) Where immovable properties are held as security by way of deposit of title deeds, verify title deeds register
to see whether narration is written for additional limits and all formalities complied with.
5) In the case of company, Whether common seal affixed on the relevant document.
6) Check valuation of assets as per govt authorized valuer.
7) For education loan check receipt or fees payment sleep and confirm it with the college/institution
8) Check the person’s other loan and installment amount. If total installment amount is more than 60% of its
net income, then loan cannot be issued.
9) Confirm proper insurance coverage for loan asset or mortgaged asset and their renewal.
10) Check, Are all documents correctly executed in the latest revised prints of prescribed formats and properly
stamped wherever necessary in terms of Stamp Act as per manual on documentation and as per circulars on the
subject
11)Check requirement of Letter of acknowledgement of debt(LAD). If loan agreement is there then no need to
take LAD. If once taken then it is compulsory to review before 3 years.
12)Ensure maintenance of Insurance register
13)Submission of Tax audit report for all CC a/c
14)Submission of CMA data
15)Check crisil credit rating
16)Submission of monthly Stock statement for C.C. a/c and stock statement
register
17)Ensure regular quarterly stock audit for C.C
18)Compute loan rate in case of LABOD by adding 1.5% to average rate of all F.D.
19)Physical verification of loan asset
20)Verify whether credit limits are reviewed or not.
21)Verify whether security documents are held with the bank vis-à-vis stipulation on the sanctioning
documents.
22)Verify whether the advances have been classified as per RBI guidelines.
23)Check whether the letters of credit issued by the branch are within the
delegated power and ensure that they are for genuine trade transactions
24)Check the Bank guarantees issued, whether they have been properly
worded and recorded in the register of the Bank. Whether they have been
promptly renewed on the due date.
25)Ensure proper follow up of overdue bills of exchange.
26)Verify whether the submission of claims to DICGC and ECGC are in
time.
27)Registration of charges with Registrar of Companies and Resolution
passed by appropriate authorities. (By filing Form 8)
28)Withdrawal within limit/ Advance Value (Drawing Power Limit) (D/P)
29)Check Processing fees, stamp duty at the time of sanctioning new
advances.
30)Report excess drawing over D.P. (For CC and temporary O.D.)
31)Whether Select Operational Data and Quarterly Information System (now FRS) Statements in respect of big
borrowers have been received
promptly? Whether penal rate of interest@ 1% is being charged for
delayed submission/non-submission?
32)Verify whether the branch has charged lead Bank charges in respect of
advances under consortium norms.
33)Check folio charges
34)Check Penal interest for delayed/non-submission of returns, financial
statement required to be submitted
35)Check Penal interest on advances in respect of lapsed sanction/limit.
36) Check Penal interest on excess over limit.
37) Check Overdue interest on all types of bills, loans and packing credits
for overdue period.
38)Check Commitment fee for unutilized limit is collected as per rules.
39)Check Commission of letter of credit, letter of guarantee and charges for
safe custody etc.
40)Check Standing information charges.
41) Check stop payment charges. (For all accounts)
  Cash:
1) Verifying whether exchange of cash between cashiers is made after making entry in the register.
2) Ensure dual control system for cash safe/counting of bundles.
3) verifying cash scroll and the token book with cashier’s summary and Cash Abstract.
4) Verifying whether Cash Remittance in Transit Account is reversed on the same day by debit to a proper
head of account designated for it after receipt of proper acknowledgement/receipt where cash is remitted to a
branch/Bank.
5) Verifying whether accounting of currency chest transactions and their reporting to RBI is done promptly
6) Ensure cash is retained as per cash retention limit of the branch. Report if the cash is retained in excess of
the cash retention limit with the reasons thereof.
7) Verify expense incurred by cash payment involving a sizable amount.
8) Verifying whether keys to Strong Room, Cash Safe, and Almirah for Security Printing Books are in joint
custody of the authorized officials?
9) Verifying whether there is any entry outstanding in Cash Remittance in Transit Account for more than 3
days
10)Verifying whether the branch remits all its excess cash to link branch or
Currency Chest.
11)Verifying whether the branch remits its surplus balance with other banks
regularly to the designated RBI centre
12)Conducting a surprise physical verification of cash in hand , foreign
currencies, and foreign travelers’ cheques on any day during the month
13)Verifying whether the receipt and delivery of Security Printing Books are
properly recorded under joint signatures
14)Verifying whether physical verification of the Security Printing Books
and tallying with the balance.
15)Whether surprise verification of cash done by officer other than joint
custodian officer/manager.
Clearing:
16)If the branch is independently handling clearing, whether the clearing
account is brought to nil every day, if not, comments to be noted down.
17)Whether safeguards are observed to ensure proper handling and custody
including returned instruments?
18)Whether service charges/incidental charges as prescribed are charged for
the cheques returned in clearing.
19)Whether drawings are allowed against unclear cheques.Whether such
cheques are referred through prescribed register and passed by the
Controlling Officer, if the drawings exceed the prescribed limit whether
these are reported to the Controlling Authority. Examine whether interest
was charged and report such omission for rectification.
20)Verifying entries which remain outstanding for more 2 days and checking
for action taken for their disposal
21)Verifying whether account with the Main Branch is reconciled every week
  Other:
22)Check cheques returned/bills returned register and look into reasons for
return of those instruments.
23)In case of difference in clearing, there is a tendency to book it in an intermediary suspense account instead
of locating the difference.
Examine the day book to verify as to how the difference in clearing has
been adjusted.
24)Such instances should be reported to Controlling Office in case the
difference persists.
25)Check whether debits in income account have been permitted by the
competent authorities. Check the transactions of staff members.
26)Study internal inspection/audit reports and ensure that the branch gives
proper compliance thereto.
27)Verifying whether the deduction of tax at source (TDS) from interest
income on Term Deposits is done as per laid down procedure. Or Form
15H/15G received or not.
28)Verifying whether Form No. 60 where the depositor does not have PAN is
held on record and the same are submitted as per laid procedure (For
deposit accounts)
29)Verify if inoperative accounts ledger and Specimen Signatures are kept
under the custody of Manager/Asst.Manager and access thereto is
controlled. (For deposit accounts)
30)Whether dormant/inoperative accounts are transferred to inoperative
ledger. If not, it should be noted in the register and they should be
transferred. (For deposit accounts)
31)Verify that all transactions relating to inoperative ledgers are allowed
under the written authorization of the Manager.
32)Check Incidental charges and service charges in Saving Bank Account
(including inoperative) having balance below prescribed limit.
33)Check Destruction of old records as per time schedule prescribed.
34)Check Locker rent.
35)30% scrutiny of transactions relating to the payment of pension..
36)Whether the prescribed certificates – Life, Re-employment, Re marriage
etc. obtained, wherever required, in all pension accounts.
37)Physical checking of Govt. and other securities held on behalf of
Investment Department and timely collection of interest thereon and their
maturity proceeds.
Records to be maintained by concurrent auditor:

Permanent File:
1) Letter of engagement, undertaking/comment by the firm to the Bank
2) Communication to previous Auditor (NOC)
3) Audit checklist
4) Information regarding branch business, data, nodal officer,status of branch, whether computerized/parallel
category of branch, etc.
5) Performance of monthly, quarterly, annual report revenue report
6) Correspondence with the Bank for any matter.

Current File/Working paper File:

1) Branch Audit Programme
2) Branch’s statement as on the data of the report on which basis it is prepared
3) Periodic correspondence with the concerned departmental officer
4) Irregularities intimated to the Controlling Officer
5) Discussion of the audit report
6) Particulars of big borrowers, depositors etc
7) Circulars received from head office of the auditee Bank
 Reporting

Reporting to branch head in the below format:

 Date
 Irregularity Observed
 Initial/Authorization of the Concurrent Auditor
 Initial of Bank Official
 How irregularity rectified
 Date of rectification
 Initial/Authorization of the Concurrent Auditor
 Initial of Bank Official
 Demand Deposit includes
 1) Credit balance in overdrafts & Cash Credit accounts
 2) Deposits payable at call
 3) Overdue deposits
 4) Inoperative current accounts
 5) Matured term deposits and cash certificates
 6) Certificates of deposits, etc
 7) The cash credit account would be included if the balance is showing credit balance. The current
accounts are also payable on demand. The outstanding telegraphic and mail transfer demand drafts are
also to be included under the demand deposit head.

 Term deposit includes

 1) All deposits repayable after a specified term
 2) Fixed deposits
 3) Cumulative and recurring deposits
 4) Cash certificates
 5) Certificates of deposits
 6) Annuity deposits
 7) Deposits mobilized under various schemes
 8) Ordinary staff deposits
 9) Foreign currency
 10) Non-resident deposit accounts, etc
3. Why J Singh & Associates
What sets us apart?

Our Senior Management Team in India

“Our team comprises of CAs, CFEs, forensic accountants, lawyers and other professionals”

CA J.Singh CA Amit J. Joshi CA V. Kandaswamy

Managing Partner Partner Partner
M.COM,FCA, DISA, FAFD M.COM, FCA, L.L.B, CIA B.COM, ACA
CAIIB

CA Prosenjit Kumar De CA Shailendra P Dixit CA Densil fernando

Partner Partner Partner
B.COM, FCA, CIA, CFE B.COM,FCA, DISA B.COM, FCA, CISA

CA Arif Atik Khan

B.COM, ACA

9
Our value proposition

J Singh & Associates has significant geographic presence in India, with offices in 17
locations including Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai and New Delhi.
Presence &
We have a highly developed infrastructure that has more than 37 years of maturity.
Infrastructure

We have a highly talented and globally competitive workforce, offering experience and
expertise in a wide range of services. Professionals in our Forensic & Dispute Services
practices have worked on some of the largest and most complex investigations of fraud
and corruption within India. Our team has assisted clients on a number of anti-corruption
Expertise and engagements that include anti- corruption due diligence, compliance reviews and
Experience investigations.

We have the flexibility and scalability to quickly ramp up to support large projects at short
notice. We are able to staff projects, both virtually and on-site.
Flexibility and
Scalability

J Singh & Associates has a proven global delivery model, working seamlessly across
time zones and cultures to deliver high quality work on time. Depending on engagement
Proven Global
requirements, we adjust our timetables to meet client requirements.
Delivery Model

10
4. Project Team
The engagement team will work closely with designated officials of the Banks to perform primary project management
functions, such as planning, fieldwork tracking, issue resolution, budget monitoring, communication, and tracking of
deliverable status.

Management plan

Based on our experience, results are achieved when we work closely with our clients. Therefore, our project approach
and management plan involve teaming with the Client’s team at every level to effectively leverage the resources and
knowledge from both parties.

Quality Control

Quality control reviews embedded in our methodology ensures that applicable laws are adhered to while conducting
engagements. A diagram depicting our quality control procedures is provided below:

14
5. Annexure
Annexure1: Key CVs

Resumes of some Key professionals

Please find attached resumes of some of our Key Professionals whose experience and knowledge can provide
valuable advice to the client

CA J.Singh
Managing partner
M.COM,FCA, DISA, FAFD

Practicing Chartered Accountant having experience of

more than 29 years. He is founder Partner of M/s. J.
Singh &Associates., Chartered Accountants, Mumbai,
renowned & leading CA Firm in India. He has large
experience of providing forensic & other related Services.
He is forensic & fraud accountant and He has
experience in handling Audits of Large Corporate,
Banks, Insurance Companies, infrastructures and Power
Companies and qualified System Auditors, having
executed mega size system audit of Public sector Bank
in India. He is also acting as advisors to many Big
Corporate groups in the area of Taxation, Corporate
finance, merger & acquisitions. Mr. Singh is key person
in formulation of Business policies & business foresight
of the firm. He is also a leading counsel representing
cases of the clients with various taxing authorities
including Tribunals for Income Tax, Sales tax , custom
and central Excise etc

CA Amit J. Joshi
Partner
M.Com, LL.B, CIA CAIIB ,FCA

Designing and Implementing the Operational System

and Process of MNC, Risk Based Auditing, ERP
Implementation, preparation and implementation of
Audit and Finance Manual, Policy & SOP, ERP
Implementation, Indian Direct Taxation & Service Tax
consulting , Project Appraisal and Mgt. Financial,
Auditing, Taxation, System Designing and
Implementation and ERP Implementation services
provided to medium organizations & corporate clients in
India, Gulf countries and African regions for the last
seven years 15
CA V. Kandaswamy
Partner
B.Com, ACA

Chartered cum Cost Accountant with over 22 years of

post qualification experience, including 12 years in
equity, sector and economic research. He is an avid
reader, and a regular contributor of articles in the
Hindustan Chamber of Commerce & Industry. He has
also published articles in professional journals. As a
seasoned professional, with rich experience in accounts,
auditing and consultancy services, V.Kandaswamy is a
personality who can build a team and nurture it to
professional perfection aimed at the Organizational goals

CA Prosenjit Kumar De
Partner
B.COM,FCA,CIA,CFE

Senior Partner in the Forensic practice. He is a

Chartered Accountant and is also a Certified Fraud
Examiner. He has over 30 years of experience in Frauds
and Financial Crimes. He also has experience in
auditing and internal controls reviews of large public
and private limited companies in manufacturing
industry which included reviewing and evaluating
controls surrounding the recording of
accounting/financial transactions. He experience also
includes fields of compliance and retail operations in
banking sector. He has also worked in the role of
engagement leader for large forensic assignments

CA Shailendra p dixit
Senior Partner
B.COM,FCA DISA

Senior partners of the firm, having experience of more

than 29 years. He has experience in handling Statutory
Audits of Large Corporates and he is also acting as
advisor to many Big Corporate groups on corporate
finance, merger & acquisitions. Mr. Dixit is one of the
leading Chartered Accountants in corporate audit
including Statutory Audit, system Audit, System design,
internal audits etc
16
CA Densil Fernando
Partner
B.COM, FCA, CISA

Partner engaged in the Forensic practice. He has over 18

years of experience in the banking and financial services
Sector and has led a range of projects particularly in the
areas of risk and compliance. Mr. Densil has extensive
experience of investigating various frauds in the
financial services industry clients including banks,
brokerages and private equity. His experience includes
assisting financial institutions in developing their KYC
policies and procedures, reviewing their compliance
framework, software selection and remediation of their
existing clients.

CA Arif Atik Khan

Partner
B.COM, ACA

He is a Chartered Accountant with over 5 years of

experience in handling projects in the areas of Fraud
Investigations, Anti-Bribery and Corruption diligence
and compliance reviews, and Business Process
Risk Consulting. His exposure spans all major industries
with specific focus on Infrastructure, Pharmaceuticals,
Banking, IT/ ITeS and Consumer Markets. He has
Worked as engagement manager in Fraud Investigation.

17
 Annexure-2: Our Partners

Date of
Whether Date of
S.No. Membership Admissio No of years of
Name of Partners ACA/ becoming
No. n as Experience
FCA FCA
Member
M.COM,FCA
1. JALESHWAR SINGH 042023 01.08.88 05.08.93 28
DISA
SHAILENDRA P. B.COM,FCA
2. 041179 18.01.88 18.05.93 28
DIXIT DISA
B.COM,FCA,
3. JAYESH V. SHAH 041495 18.02.88 18.12.08 28
DISA
B.COM,FCA
4. SHILPA D. RAMBHIA 104661 20.07.98 03.09.03 17
SANDEEP
B.COM,FCA
5. CHOUDHARY 119317 05.01.05 17.02.11 11

6. SHALINI JAIN 406364 B.COM ,FCA 04.05.06 04.12.12 10

HEMANT MEHTA
7. 100748 B.COM,FCA 02.09.96 29.04.02 19

8. V. KANDASWAMY 207573 B.COM ,ACA 01.07.98 N.A 18

AMIT J. JOSHI M.Com, LL.B,
120022
9. CIA CAIIB 01.04.05 18.09.14 11
,FCA
VIJAY KUMAR
10. SHARMA 415357 B.COM, ACA 27.09.11 N.A 05

PROSENJIT KUMAR
B.COM,FCA,C
11. DE 053952 03.09.87 17.09.10 27
IA,CFE
B.COM, FCA,
12. DENSIL FERNANDO 208859 CISA 09.03.99 12.08.04 17

23.08.201
13. CHHAVIRAJ JOSHI 119379 B.COM, FCA 30.12.04 12
6
ALKESH KASLIWAL
14. 422192 B.COM, ACA 25.02.13 N.A 04
POOVALINGAM P.
15. 024295 B.COM, FCA 21.06.85 03.05.91 31
PANKAJ AGRAWAL
16. 425776 B.COM,ACA 16.06.14 N.A 02
G.D. RAJADYAKSHA
17. 030997 B.COM,FCA 14.04.78 23.12.85 38
PRAHALAD KUMAR
18. JHA 133743 B.COM, FCA 29.09.09 29.12.15 09

ARIF ATIK KHAN

19. 143948 B.COM, ACA 12.01.12 N.A. 01
KIRAN
20. RAGHAVENDRA 100615 B.COM. FCA 09.08.96 28.03.02 21
18
AWASTHI
 Annexure-3: Our Paid Assistants

Date of Date of Joining

Name of the Full Time Paid Membershi Whether
S.No. Enrolment as Paid
Assistants p No. ACA/FCA
with ICAI Assistant
BAHAL KISHANCHAND
1. KARAMCHAND 015704 FCA 08/04/1974 30/12/2006

MS. PONNAGANTI
2. 239524 ACA 21.06.16 21.11.16
VENKATA RAMANAMMA

3. SUJIT GOVINDAN NAIR 122566 FCA 08/02/2006 02/12/2008

4. GOPALAKRISHNAN PV 009926 FCA 03/12/1968 31/12/2015

15/02/2012
5. SNIGDHA JASORIA 416614 ACA 10/05/2012

PREM KISHOR PRASAD

6. 503797 ACA 13/04/2004 31/12/2014
RUCHI AGARWAL
7. 125728 FCA 29/11/2006 31/12/2013
8. ALKA TIWARI 418535 ACA 06/08/2012 31/12/2014
SHIVKAMAL SONI
9. 421980 ACA 25/02/2013 31/12/2015

SHRABONI BASAK
10. 063026 FCA 01/04/2004 01/06/2015
11. SURUCHI AGARWAL 301063 ACA 23/09/2011 31/12/2016
BHARAT KUMAR
12. 433404 ACA 10/09/2016 31/12/2016
AGARWAL

19
Annexure-4: Our Offices

Head Office:
MUMBAI

505,506,507, Hub Town Viva, Off Western Express Highway,

Near Shankarwadi Bus Stop, Andheri East,
Mumbai-400060.
Tel: 02266994618/19
Fax: 02266994617
Mobile:9821240794

Branch Offices:
NEW DELHI

F- 1, FIRST FLOOR, SHAHSTRI NAGAR, Opp.

METRO PILLAR NO 184, NEAR PARASAR HOTEL,
THANA SARAI ROHILA, NEW DELHI - 1100052

CHENNAI (TAMILNADU)

12 MOSQUE STREET, DHARAM

APARTMENT, FLAT NO. 13
MYLAPORE, CHENNAI 600 004

KOLKATA (WEST ENGAL)

AG 32, SALT LAKE CITY

KOLKATA-700091

RANCHI (JHARKHAND).

5 F, 5th FLOOR, VATIKA APARTMENT,

LINE TANK ROAD, RANCHI-834001

20
AHEMADABAD (GUJARAT)

C-301, TITANIUM BUSINESS CENTRA, ANAND NAGAR ROAD,

NEAR SACHIN TOWER, SATELITE, AHEMDABAD 380015

BANGLORE (KARNATAKA)

C2, CAMBRIDGE PALMS, 17/5 CAMBRIDGE ROAD,

2ND CROSS BENGALURU -560008

JAIPUR (RAJASTHAN)

380 GAYATRI NAGAR-A MAHARANI FARM

DURGAPURA, JAIPUR – 302018

PATNA, (BIHAR)

170/12A, B/H BIHAR RAJYA JAL PARISHAD,

NORTH ANANDPURI, WAST BORING
CANAL ROAD, PATNA 800001.

VARANASI (U.P)

A/ 122 SWASTIK GARDENIA,

PURANI CHUNGI, SHIVPUR,
VARANASI-221002

PUNJAB (MOHALI)

SECTOR 13 PHASES 9, INDUSTRIAL AREA,

MOHALI PUNJAB MOHALI, 160062

HYDERABAD (ANDHRA PRADESH)

PLOT NO 34, LAXMIPURI,

SAINIKPURI (POST),
SECUNDERABAD-500094

21
 INDORE (MADHYA PRADESH)

607 POKHRAJ CORPORATE,

OPP NAVLAKHA BUS STAND, INDORE 452001

THIRUVANANTHAPURAM

TC 13/697 (4), VADAYACAUD,

TRIVANANTHPURAM- 695035,
KERALA

TIRUNELVELI

244-B,39 TH STREET, 60 FEET ROAD,

RAHAMATH NAGAR, TIRUNVELI, 627002.

RAIPUR (CHHATTISGARH)

E-70, SANKALP VATIKA, SAMTA COLONY,

RAIPUR, CHHATTISGARH-492001

PUNE (MAHARASHTRA)

D-602 PRAKRTII, BALEWADI

ROAD, BANER, PUNE-411045.

VIJAYAWADA (ANDHRA PRADESH)

76-1-1 HIG NO.400,SHOP NO.2 UPSTAIRS OF KOTAK MAHINDRA BANK

ATM,JOJINAGAR CHURCH CENTRE,CROMBAY ROAD
BHAVANIPURAM,VIJAYAWADA 520012

22
 ANNEXURE 5- SHOWING PAST & CURRENT CONCURRENT AUDIT EXPERIENCE

Date up to
Date of which the
Sr.
Name of the Bank Name of the Branch commencement audit was
no.
of the audit conducted

Nadesar Varanasi 01.10.2006 30.09.2008

Allahabad Bank ,Thousand lights
1. 01.10.2008 30.09.2013
branch,
Indranagar lucknow 01.10.2014 30.09.2015
Borivali
01.04.2006 31.03.2007
2. Andhra Bank Opera House
01.04.2010 31.03.2012
Andheri East 01.01.2016 31.03.2017

Vile Parle (west);

01.04.2007 31.03.2013
Jogeshwari (East)
3. Bank of Baroda
Tardeo Mumbai
central 01.04.2015 31.10.2016

Panchpakhadi: Vile
Parle (East)
Bank of India 01.04.2005 31.03.2013
4.
Stock Exchange Mid 01.06.2016 31.05.2017
Corp Branch

Bank of Maharashtra-
01.04.2005 31.03.2013
Bombay Central,
Dadar,Sion Ssi Thane
5. Bank of Maharashtra And Retail Assests
Branch Thane.

Lokhandwala Branch 01.04.2014 31.03.2017

Andheri, 01.01.2007 31.12.2012

J.B Nagar Branch;

Central Bank of India

6. Ballard Estate 01.01.2013 31.12.2014

Nariman point
01.01.2015 31.12.2016
Versova branch 01.07.2011 30.06.2013
7. Corporation Bank
Pawai branch
01.07.2014 30.06.2015
23
Dena Bank R R Road Dadar,
8. 01.01.2008 31.12.2012
 Sandhursht Bride
Opera House.

Andheri RAC
IDBI Bank
9. 01.04.2010 31.03.2013

Varanasi Branch, 01.04.2001 31.03.2002

Ghatkopar Branch, 01.04.2006 31.03.2009
10. Indian Bank Mulund Branch
01.04.2009 31.03.2013
Andheri Branch
01.04.2014 30.06.2016
Opera House, delisle
Indian Overseas Bank road branch, thane
11. 01.07.2010 30.06.2016
branch

M.A Road Branch,

Varanasi Branch,
Jammu & Kashmir Bank mahim branch,
12. 01.05.2011 31.03.2017
bandra branch, masjid
branch

Nichi Bagh Varanasi, 01.04.2006 31.03.2008

Oriental Bank of Commerce Thane Branch
13. 01.04.2011 31.03.2012
Mulund Branch
01.04.2014 31.03.2015
Punjab & Sind Bank IBD Mumbai
14. 01.07.2012 30.06.2014

Punjab National Bank Gwailor Branch, Orai

15. 01.07.2011 30.06.2013
Branch
Kandivali Branch 01.4.2010 31.03.2013
16. Syndicate Bank
Fort branch
01.04.2014 31.12.2015
D.N Road, Andheri,
Rasmac Santacruz 01.07.2006 30.06.2012
17. State Bank of Bikaner & Jaipur
D. m. road
01.07.2014 31.07.2015

Andheri-E Mahakali 01.07.2006 30.06.2010

18. State Bank of Mysore
CBD belapur branch
01.07.2014 30.062016
Commercial branch
State Bank of Saurashtra
19. Mumbai 01.04.2007 31.03.2008

Santacruz Branch,
UCO Bank 01.04.2008 31.03.2011
20. Bhopal Branch 01.04.2012 31.03.2013 24
 Lower Parel;Prabha
Devi;Gwalior Branch,
Union Bank of India Bhind Branch
21. 01.04.2005 31.03.2016

Andheri east branch

Kalbadevi Branch,
01.04.2010 31.03.2013
United Bank of India Sarvoday nagar
22.
Dahisar branch
01.04.2014 30.06.2017
Bandra Branch 01.07.2009 30.06.2012
23. Vijaya Bank
Chembur branch
01.07.2014 30.06.2016
Bandra east, Bandra
24. Canara Bank 01.07.2004 30.06.2014
west, khar west
25. Karur Vsya bank Bandra Branch 01.12.2012 30.06.2016
26. Citi union bank Thane Branch 01.04.2012 31.03.2016
27. Karnataka bank Sion branch 01.01.2013 31.12.2013
28. Fedral Bank Fort Branch 01.08.2010 31.07.2012
29. Lakshmi Vilas Bank T. Nagar (Tamilnadu) 01.10.2010 31.03.2011
Karur Village Branch 01.07.2008 30.06.2009
Bombay Talkies 01.07.2009 30.06.2010
30. Malad Shakari Bank
Branch
Kandivali Branch 01.07.2010 30.07.2011

25
 ONGOING CONCURRENT AUDITS

Date up to
Date of which the
Sr.
Name of the Bank Name of the Branch commencement audit was
no.
of the audit conducted

Allahabad Bank Treasury Branch,

1. 30.09.2017
Mumbai 01.10.2016

Andhra Bank Andheri East Branch

2. 01.04.2017 31.03.2018

Union Bank of India Andheri East Branch

01.04.2016 31.03.2017

Stock Exchange Mid

Bank of India
4. Corp Branch 01.07.2017 31.05.2018

Kalanagar Branch,
UCO Bank
5. Mumbai 01.10.2016 30.09.2017

Dena Bank Juhu Vile Parle

6. 01.07.2017 30.06.2018
Nariman Point,
Syndicate Bank
7. Mumbai 01.01.2017 31.12.2017

Corporation Bank Treasury Branch

8. 01.07.2017 30.06.2018
Indian Overseas Bank Nariman Point Branch
9. 01.09.2016 31.08.2017
Punjab National Bank Malad West S.V Road
10. 01.02.2016 31.01.2018

26