Registration of a ca firm with rbi

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 December 2012 What is the procedure for registration of a CA Firm with the Reserve Bank of India after online submission of the MEF?

Querist : Anonymous

Querist : Anonymous (Querist)

20 December 2012 Is submission of MEF enough? Does ICAI send a list of eligible firms to RBI?

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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20 July 2025 Here's a clear explanation about registration of a CA firm with RBI after online submission of MEF (Member Enrolment Form):

1. What is MEF?
MEF (Member Enrolment Form) is the online form submitted by CA firms to the ICAI (Institute of Chartered Accountants of India) as part of their process to be empanelled with RBI for statutory audits.

2. Procedure after submitting MEF online
Submit MEF online on ICAI portal with all required documents and fees.
ICAI processes the MEF and compiles a list of eligible firms who have met the criteria prescribed by RBI.
ICAI sends the list of eligible firms to the RBI every year (usually annually).
3. Registration with RBI
The actual registration or empanelment with RBI is done by the RBI itself based on the list provided by ICAI.
RBI does not require separate application from CA firms; it empanels firms based on ICAI’s recommendations.
Once empanelled, the firm will be eligible for appointment as statutory auditors of banks.
4. Is submission of MEF enough?
Yes, submission of MEF online along with supporting documents and fees to ICAI is sufficient.
ICAI handles the verification and sends the list to RBI.
No direct application to RBI is required by the CA firm.
Summary:
Step Responsibility
MEF submission online CA Firm
Verification and compilation ICAI
Forwarding eligible firms list ICAI to RBI
Empanelment RBI

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