18/04/2014
List of Point Score earned by a CA Firm towards empanelment with CAG.
1. Experience of the Firm - 0.5 point for every calendar year – Maximum 15 (Counted from the Date of Constitution of the Firm with 1 Full-Time FCA or the date of joining of the firm by the existing partner having the longest association with the firm whichever is late)
2. Full Time FCA Partners - 5 Points each for the first 5 partners
and 2.5 points each for 6th partner onwards.
3. Full Time ACA Partners - 3 Points each for first 5 partners and
1.5 points each from 6th partner onwards
4. Points for Long Association with the same firm - 5 Points for
each partner above 25 Years
4 Points for each partner above 20 Years
3 Points for each partner above 15 Years
2 Points for each partner above 10 Years
1 Points for each partner above 5 Years
5. Full Time CA Employees - 1 point each for first 20 C.AEmployees
Maximum 20 points
6. CISA/ISA Qualified Partners - 2 points each for three partners
-Maximum 6 points
7. CISA/ISA Qualified Employees - 1 point each Maximum 3 points
for 3 employees.
Subject to:-
1. Full time partner does not include
a. A person who is a partner in other firms
b. Employed full time/part time elsewhere, practicing in their own name or engaged in practice otherwise or engaged in other activity which would be deemed to be in practice under Section 2(2) of the Chartered Accountants Act, 1949.
(c) i) Partners whose total compensation @ from the firm is below the following limit:
Head office of the firms located in Delhi, Mumbai, Chennai, Kolkata, Bangalore and Hyderabad:
ACA partner Rs. 1.80 lakh in a year (Rs. 15000/- per month)
FCA partner Rs. 3.00 lakh in a year (Rs. 25000/-per month)
Head office of the firms located other Places:
ACA partner Rs. 1.20 lakh in a year (Rs. 10000/-per month)
FCA partner Rs. 1.80 lakh in a year (Rs. 15000/-per month)
(c) ii) A partner whose total compensation@ from the firm is less than:
Firms having more than 14 partners 1%
Firms having 10 to 14 partners 3%
Firms having 5 to 9 partners 5%
Firms having less than 5 partners 8%
compensation = Sum total of share of profit, remuneration and interest on capital.
2. All members (sole proprietors/partners/ CA employees) will get points if they were exclusively associated with the firm throughout the calendar year immediately preceding the year of empanelment.
3. In case of merger, the partners of the merging firms will be assigned points after one year of merger and points for partner’s association to be given after five years from the date of merger.
