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S.34Ab of the Wealth Tax Act 1957

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S.34Ab of the Wealth Tax Act 1957 Powered By Docstoc
					               EMPANELMENT OF FIXED ASSETS & CURRENT ASSETS VALUERS 2009-10




APPLICATION FOR EMPANELMENT OF VALUER (CURRENT
ASSETS/FIXED ASSETS) IN THE PANEL OF CANARA BANK.
CATEGORY
1. FIXED ASSETS VALUER- CIVIL ENGINEER/
MECHANICAL ENGINEER FOR VALUATION
OF LAND & BUILDING, PLANT & MACHINERY etc

2. CURRENT ASSETS VALUER- CHARTERED
ACCOUNTANTS/COST ACCOUNTANTS FOR STOCK
AUDIT, FILING OF CHARGE, CREDIT AUDIT etc

Class ( if any)                                     :

    1.   Name of the Applicant                  :
         Address



         Telephone No.             Office   :
                            Residence       :
                            Mobile          :
                            Fax             :
                            E-Mail          :

    1. a)   Constitution of the Firm(Whether company/
            Partnership / proprietary)         :

     b) Name of the Proprietor/ Partners/ Directors
        (with professional qualifications, if any):

        I)
        II)
        III)
      c) Year of establishment            :
    2. Whether registered with Registrar of
        Companies/ firm. If so, No. & Date :

   3. Registration with Tax Authorities :
    a) Income-tax No.       PAN/GIR NO:
    b) Value Added Tax No                  :
    c)                     Service Tax No:
    d) Registration no. with CCIT No. for
valuation U/s 34AB of Wealth Tax Act 1957

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               EMPANELMENT OF FIXED ASSETS & CURRENT ASSETS VALUERS 2009-10


(furnish copies of Income-tax returns,registration)
    e) Professional Tax Reg. No.
    f) Registration Number (Enclose the copies)
       with Institute of Valuers/ICAI
     (copy of Registration certificate to be furnished)
     Date of Registration               Valid till

    4. Turnover of the Company/firm (Please attach copy of audited balance sheet and
     profit and loss account for three years).

                 Sl. No. Year         Turnover
                 1       2008-09

                 2      2007-08

                 3      2006-07

                        Average

       5.     Registration with Government     / Public Sector /
        Banks
      NAME    OF   THE       NATURE OF WORKS        VALUE OF WORKS        DATE           OF
      ORGANISATION                                                        REGISTRATION




    What are your fields of core competence? Mention the fields on preference Basis
              1)

                2)

    6. Whether any allied firms are already
       empanelled in our Bank, if so furnish details:

    7. Whether applicant was delisted from our
       Panel/other Bank’s panel on any earlier occasion.
       If so, reasons:

    8. Furnish the names of three responsible clients/ persons to whom the major works carried
     out by the applicant with address and telephone number who will be in a position to certify
     about the quality as well as past performance of your organization.
NAME OF THE OFFICIAL ORGANISATION & ADDRESS CONTACT NUMBERS




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                  EMPANELMENT OF FIXED ASSETS & CURRENT ASSETS VALUERS 2009-10




    9. Details of the major Assignments handled so far ( please mention only such works which
     qualifies for the category/class for which you have applied)

Sl      Name        Work      executed     for   Nature of    Location   Actual     Stipulated     Actual   If work left
.No.    of Work     (name         of      the    work   (in   of   the   Value of   time     for   time     incomplete or
                    organization         with    brief)       work       the        completio      for      terminated
                    address,       concerned                             works      n              compl    (furnish
                    office & telephone no)                                                         etion    reasons)


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Note: Copies of satisfactory completion certificate obtained from the client shall be enclosed.




DECLARATION
I/we hereby apply for empanelment in your Bank as an approved valuer.
       1. All the information furnished by me / us here above is correct to the best of my knowledge and
          belief.
       2. I / we have no objection if enquiries are made about the work listed by me / us in the
          accompanying sheets / annexures.
       3. I / We agree that the decision of CANARA BANK in selection of contractors will be final and
          binding to me / us.
       4. I/we shall submit the reports as per standard formats prescribed by the professional
          Institutes/Bank with correct and full information and without negligence.
       5. If my/our application for empanelment in your Bank is considered favourably, I/We shall abide by
          all the terms and conditions stated here below as well as other terms & conditions prescribed by
          the Bank from time to time.
          1. Empanelment as such does not guarantee award of valuation assignments by the Bank.
          2. Entrustment of valuation assignments is subject to periodical review by the Bank.
          3. The Bank reserves the right to delete/cancel the empanelment/stop awarding future
               assignments without prior notice or assigning any reasons whatsoever.
          4. The remuneration payable shall be as per the policy of the Bank.
          5. The valuation shall be conducted on the basis of accepted principles as also the criteria
               specified by the Bank from time to time.
          6. Valuation report shall reveal true & fair assessment keeping in view the market conditions
               and the report shall be submitted in the Bank’s approved format.
          7. I/we shall maintain secrecy of the business allotted by the Bank.




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               EMPANELMENT OF FIXED ASSETS & CURRENT ASSETS VALUERS 2009-10




       8. I/We shall not enter into any financial transaction with the Bank’s borrowers to the
           detriment of Bank’s interest.
       9. Under no circumstances, I/We shall use the name or logo of the Bank in our correspondence
           with other Banks.
       10. If any wrong certification is detected, I/We hereby consent that the Bank may take steps as
           deemed fit.
       11. I/We am/are enclosing the copies of all documents herewith for your perusal.

    6. I / We have read the instructions appended to the proforma and I / we understand that if any
       false information is detected at a later date the empanelment shall be cancelled at the discretion
       of the bank.



Place :                                             SIGNATURE OF THE APPLICANT
Date :                                              NAME & DESIGNATION
                                                       SEAL OF ORGANISATION




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