It may be recalled that the Authority issued revised guidelines vide Circular No.36/7/F&A/EMPL/74/July/05 dated 25th July 2005 (Annexure) on the eligibility norms for Statutory Auditors and dispensing with the requirement of maintaining a panel of Auditors with the Authority. Insurance Companies were requested to ensure the compliance of norms by Statutory Auditors while deciding on their appointment in the normal course. The revised guidelines come into effect from 1st April 2006.

The Authority continues to receive applications for empanelment of Auditors and the Audit firms for inclusion in the panel on the website of the Authority. With a view to avoid such references, the list of Auditors hitherto maintained and published in this section by the Authority is being dispensed with effect from 1st April 2006. Revised Guidelines are available as annexure.



(C.R. Muralidharan)
Member