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The Institute of Cost Accountants of India

(Statutory Body under an Act of Parliament)
Multipurpose Empanelment Scheme (MES)
Last date for Enrollment under MES for the Empanelment year 2024-25 is 31st January 2025

 Evaluation Criteria


Information for the Evaluation of the Applying Entity
Sr. No. Criteria Marks
1 Type of Practicing Entity Max 3 Marks
Firm 3 Marks
Proprietor 1 Marks
2 Experience from Date of Incorporation as per Institute's Records Max 15 Marks
> 20 years 15 Marks
> 10 years upto 20 years 10 Marks
> 05 years upto 10 years 5 Marks
upto 05 years 2 Marks
3 Number of Proprietor / Partners Max 18 Marks
Fellow Members of the Institute of Cost Accountants of India. 4 marks for every FCMA
Associate Members of the Institute of Cost Accountants of India. 2 marks for every ACMA
4 Association of the Proprietor / Partners with the entity(The number of years without any break the proprietor is practice under same trade name / the number of years without any break a member is partner in the entity) Max 10 Marks
> 10 years 5 marks per partner
> 5 years & upto 10 years 4 marks per partner
> 3 years & upto 5 years 3 marks per partner
upto 3 years 1 marks per partner
5 Number of Professionally Qualified Staff (CMA / CA / CS) (The staff member shall be member of the respective Institute) 2 marks per Professionally Qualified Staff Member (Max 8 Marks)
6 Number of Semi Qualified Staff & Articles (The staff member shall be graduate / inter CMA / inter CA / inter CS / student of the Institute 1 marks per Semi Qualified Staff Member (Max 8 Marks)
7 Geographical Presence of the Proprietor / Firm (Number of offices - head office & branch offices as per Institute's record) 3 marks per Office (Max 9 Marks)
8 Turnover of the Proprietor / Firm (Average Turnover for Last 2 Financial Years) Max 10 Marks
> Rs.0.50 Crore 10 marks
> Rs. 0.25 Crores & upto Rs.0.50 Crores 7 marks
> Rs. 0.10 Crores & upto Rs. 0.25 Crores 5 marks
> upto Rs. 0.10 Crores 2 marks
9 Professional Experience of the Proprietor / Firm Max 15 Marks
9A-Audit assignments (Experience of carrying out audit assignments - Cost Audit, GST Audit, Internal Audit, Concurrent Audit , Stock Audit, Cooperative Audit during immediately preceding 2 years)(The marks are based on the Annual Turnover of the Auditee Entity)
> Rs. 1000 Crore 5 marks per year of each audit
> Rs. 500 Crore & upto Rs. 1000 Crore 3 marks per year of each audit
> Rs. 200 Crores & upto Rs. 500 Crore 2 marks per year of each audit
upto Rs. 200 Crores 1 marks per year of each audit
9B-Value Added Services (Experience of carrying out Value Added services such as Valuation assignments, Insolvency assignments, Social Impact analysis, ADR Services, ERP Consulting, Management Consultancy, NCLT, Litigation, Forensic Audit, Systems Audit, Training during immediately preceding 2 years) (The marks are based on the Annual Turnover of the client Entity)
> Rs. 1000 Crore 5 marks per year of each assignment
> Rs. 500 Crore & upto Rs. 1000 Crore 3 marks per year of each assignment
> Rs. 200 Crores & upto Rs. 500 Crore 2 marks per year of each assignment
upto Rs. 200 Crores 1 marks per year of each assignment
10 Experience of carrying out Audit Assignments in ERP Environment 2 marks per year for each assignment (Max 4 Marks)

Notes:

  1. If a Practicing Cost Accountant (PCMA) is partner in more than one firm, then he will be considered only in single firm for calculation of marks. The Firm applying for registration under this scheme has to attach Affidavit from its partners in this regards.

    If no such affidavit is attached, the application will be rejected for all the firms where such PCMA is partner.
  2. If a Partnership Firm is registered under this scheme, then none of its partners will be able to register under this scheme as Proprietors.
  3. If a Proprietor who is enrolled under this scheme and allotted a Unique Code Number (UCN), later on joins a Firm which is also enrolled under this Scheme has been allotted an Unique Code Number, shall along with his / her application as Proprietor submit declaration in form MES-4 indicating very clearly whether his / her marks shall be considered for the Proprietorship or Partnership under this scheme.
  4. If a Partner retires between the date of application under this MES till the date of Final Verification, the associated marks for the purpose of evaluation will be credited.
  5. If a Partner joins between the date of Application under this MES till the date of Final Verification, the associated marks for the purpose of evaluation will not be added.
  6. If a Proprietor / Firm is closed as per the Institute’s Records from the date of Application under this MES till the date of Final Verification, the entity will not be included in the Panel & will not be allotted any Unique Code Number (UCN).

REQUIREMENTS OF DOCUMENTS TO BE SUBMITTED:

  1. For evaluation under this scheme, Partners who are associated only with the applicant entity will be considered. If a member is Partner in more than 1 Firms, his / her marks will be considered only for a single partnership firm as indicated by the applying firm by way of signed affidavit of such partner/s.
  2. The applicant shall provide self-certified undertaking in respect of the Sr. No. 4, 5, 6, 9, 10, 11 & 12 in the format prescribed under this scheme.
  3. In respect of Sr. No. 8 above a certificate along with UDIN from a Practicing Cost Accountant, Company Secretary or Chartered Accountant shall be attached in soft copy format. The professional signing the document shall not be a partner or employee of the applicant.
  4. In respect of Sr. No. 1, 2, 3 & 7 information as appearing in the Institute's Record at the time of enrollment will be considered for calculation of marks under this scheme.