ICAI Extends MEF/ CAG Empanelment cut-off date from 31 January to 29 February 2020
ICAI has extended the cut off date for MEF/ CAG Empanelment from 31st January to 29th February 2020, i.e. ICAI has extended the due date for submission of all forms from 31st January to 29th February, 2020 and has waived all condonation fees as one time measure, which would automatically allow extended cut-off date for CAG and MEF Empanelment.
Decision of the Council of the Institute regarding cut-off date for condonation of cases for the year 2020-21
The Council has decided to extend the due date of submission of all forms up to 29th February, 2020 and waive all condonation fees for a further period of 29 days up i.e to 29th February, 2020 as one time measure.
This condonation would also automatically allow cut-off for CAG and MEF Empanelment for the year 2020-21 till 29th February, 2020 instead of 31st January, 2020.
In view of above, the cut-off date of 31st Jan. for condonation considered for Empanelment in the C&AG Panel prepared by office of C&AG and Bank Branch Auditors’ Panel prepared by ICAI as per the decision of the 242nd meeting of the Council, for the year 2020-21 only may be considered as:
“For the purposes of Empanelment in the C&AG Panel prepared by office of C&AG and Bank Branch Auditors’ Panel prepared by ICAI (for which Constitution Certificates as on 1st January, 2020 are issued every year), no condonation of delay in submission of Form 18 beyond 29th Feb., 2020 for the preceding the financial year under audit will be done by the Institute”.