Request for Proposal for Appointment of Internal Auditor to IBBI
INTRODUCTION
a. The Insolvency and Bankruptcy Board of India was established on 1st October, 2016 under the Insolvency and Bankruptcy Code, 2016 (Code). It is a key pillar of the ecosystem responsible for implementation of the Code that consolidates and amends the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of the value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders. It is a unique regulator; regulates a profession as well as processes. It has regulatory oversight over the Insolvency Professionals, Insolvency Professional Agencies, Insolvency Professional Entities and Information Utilities. It writes and enforces rules for processes, namely, corporate insolvency resolution, corporate liquidation, individual insolvency resolution and individual bankruptcy under the Code.
b. The IBBI with its Head Office located at 7th Floor, Mayur Bhawan, Shankar Market, Connaught Circus, New Delhi -110001 seeks to appoint a Chartered Accountant (CA) firm/LLP as Internal Auditor for performance of work defined in the later part of this tender document. The appointment of CA firm/LLP shall be for a period of two years, i.e., for the financial years 2021-22 and 2022-23. However, the period of contract may be curtailed / terminated any time before the completion of the specified period, including on the ground of IBBI, not being satisfied with the performance of
such firm.
c. The various crucial dates relating to “Tender for Appointment of Internal Auditor to IBBI” are cited as under:
| (a) | Date of Issue | 23rd August, 2021 |
| (b) | Last Date and time for submission of Tender Document | 3rd September, 2021 at 1800 Hrs |
| (c) | Date and time for opening of Technical Bids | 6th September, 2021 at 1130 Hrs (either through online mode or physical mode) |
| (d) | Likely date for Award of Contract of engagement | September, 2021 |
d. IBBI reserves the right to change any date/time mentioned in the schedule above under intimation to all concerned.
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