Registration for Empanelment of Internal Auditor at National Stock Exchange (NSE)

Registration for Empanelment of Internal Auditor at National Stock Exchange (NSE) is open

Registration for Empanelment of Internal Auditor at National Stock Exchange (NSE) is open. CA/CMA and CS are eligible for audit.

Eligibility Criteria:

1. Auditor in the Audit Firm should be an independent qualified Chartered Accountant or Company Secretary or Cost and Management Accountant who is in practice and who does not have any conflict of interest.

2. The Audit Firm should have a minimum of 5 years’ experience in carrying out audits, preferably in securities markets.

3. The Audit Firm should have at least two partners at all times.

4. The Audit Firm is not debarred or restrained from issuing any certificate by ICAI, ICSI, ICMAI, RBI, SEBI or by other regulator/law enforcement agency.

5. Any partner/employee of the Audit Firm shall have a valid NISM Series III-A: Securities Intermediaries Compliance Certification or certification of “Financial Market & Securities Laws” as provided by ICAI or equivalent certification offered by any other institution. Further, any partner/employee of the Audit Firm having valid certification of NISM-Series-XIV: Internal Auditors for Stockbrokers is also eligible till the expiry of the Certification.

6. In addition to the above, the Audit Firm which undertakes the Internal Audit of Qualified Stock Brokers (“QSBs”) should have at least five partners at all times; of which at least two partners should be full time partners.

Checklist for filling the application form and undertaking-cum-affidavit:

Online application form may be submitted by using the following URL on the NSE website – https://www.nseindia.com/

2. Ensure that the name, address, registration number of the Audit firm, and the name of the institute (ICAI/ICSI/ICMAI) mentioned in the undertaking-cum-affidavit and online application form are the same.

3. Please upload details of at least two partners in the online application form. In case if you wish to conduct audit of Qualified Stockbrokers (‘QSBs’), please ensure that there are at least five partners in your Audit firm at all times, while undertaking internal audit of QSBs.

4. The undertaking-cum-affidavit uploaded along with the online application form should be the same as that of the original undertaking-cum-affidavit submitted in physical form to the Exchange.

5. Ensure that the names of the partners and membership numbers mentioned in the online application form and undertaking-cum-affidavit are strictly as per the names and membership numbers registered with ICAI/ICMAI/ICSI.

6. Please execute the undertaking-cum-affidavit on a Rs. 500/-stamp paper.

7. In case of e-stamp undertaking, the stamp paper should be in the name of Audit firm only. While secondary name is not mandatory, if mentioned, itshould be in the name of the Exchange where the Audit firm has applied for empanelment.

8. Ensure that the clauses of the undertaking-cum-affidavit is strictly in the prescribed format.

9. Date of execution of the undertaking-cum-affidavit and date of notarization should be same.

10. The undertaking-cum-affidavit should be signed, and duly notarized (i.e. contains the stamp of the Notary) in all the pages.

11.The undertaking-cum-affidavit should contain the seal of the Audit firm and should be signed by the authorized signatory of the Audit Firm on all the pages.

12. The name of the authorised signatory who is signing the undertaking cum-affidavit should appear under the “Partner Details” in the online application form.

13. Please mention the name of the Audit firm under “For and on Behalf of” part of the undertaking-cum-affidavit.

14. The Notary should sign and stamp under “Check before me” part of the undertaking-cum-affidavit.

15. Please mention the Place and Date in the undertaking-cum-affidavit. 16.Ensure that the date of execution of undertaking-cum-affidavit is after December 15, 2023 (i.e. the date of issuance of Exchange Circular on empanelment).

17. Please submit original Undertaking-cum-Affidavit within 7 days from the submission of application through the online portal, at the address mentioned below:

Inspection Department
National Stock Exchange of India Ltd.
Exchange Plaza,
Plot no. C/1, G Block, Bandra-Kurla Complex,
Bandra (E), Mumbai – 400 051.

Download Checklist and Undertaking Format Click Here >>

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