ii. The competent authority reserves the right to accept or reject any or all the applications without assigning any reason.
3. Fees for Empanelment\
i. Upon successful completion of the forensic audit assignment and upon acceptance of the forensic audit report by SEBI, the forensic audit firm will be paid fees in the range of INR 7 lakhs – INR 24 lakhs exclusive of statutory taxes. The exact amount of fees paid within the aforesaid payment range would depend on following two factors:
a. No. of years for which forensic audit is conducted
b. Size of the listed company for which forensic audit is conducted
Application shall not be considered where disciplinary action / proceedings have been initiated against the applicant, its partners / directors, by any regulatory body or court of law.
5. Mode of application:
The detailed application as per the Annexure should be sent to SEBI at the below mentioned address by Courier / speed post with the envelope marked as “Application for Empanelment of Forensic Auditor” so as to reach us within 21 days from the date of advertisement. (Date of advertisement is 21.05.2021)
Chief General Manager
Corporation Finance Investigation Department
Securities and Exchange Board of India
SEBI Bhavan, Plot No. C- 4A, ‘G’ Block,
Bandra Kurla Complex, Bandra (East)
Mumbai – 400 051
A soft copy (MS-Word/ MS-Excel version) may also be sent by email to email address “email@example.com”.
It may be noted that application received in any other manner or after the aforesaid due date are liable to be summarily rejected.