Except 33 specified cities in India, cooling period is not applicable to other places. But, in practice, many CAs in small cities are not getting allotted after completing 4 years. It may be due to shortage of branches or the above norms might be throughen into winds

Thank You  Poptaniji  for joining  .   

Right  Satyanarayananji   ,  Cooling period is necessarily applicable to 33 cities - Banks have to  invariably follow that .  (  Whether it is mandated  at the instance of  RBI    on the recommendation of the Institute   or  otherwise  is to be understood   . )  . However the rational is excess  supply of  C.A firms as compared to demand 

In  practice it is  ( or may be )   applied to other small cities   as well    - but not necessarily   . Since the number of branches have come  down due to increase in the thershold limit  this may be  widely  applied  in future 

Who does this  or on whose behest this is done  ( this discretionary power )  is to be understood  . Institute's role may be recommendatory   It is  understood that  this year  P.D.C has appended a note  ( for rationalising the allottment process  )  to it's covering letter while forwarding  the list of  Firms to RBI  

Contents of the note . was supposed to be made available in the M E F portal . However  it  is yet to become transperant . 

Abundant   supply  devoid of quality  is to be addressed first . Some new entrants  are making vociferous appeal that  they be given priority  in allottment   for experience  & earnings purpose  . In old days  how difficult was  C.A  examination  .  Most of the experienced C A 's  complain about the  attitude of the new genration  . There are now  factories producing  rank holders ( seen such an  advt  in Hyderabad ) . We need  good future genration   but  not those devoid of  quality  and let them do better than us  

Hope for the best 

It seems that  Panel  list  for 2015  would be soon made available  in MEF portal  -   Probably this could be the RBI vetted list which  is / would be / circulated  amongst the banks  

THOUGH NOT SPECIFICALLY  MENTIONED  IT IS JUST IMAGINABLE THAT  THE LIST THAT WOULD BE MADE AVAILABLE IS  THE ONE VETTED BY RBI  ( 2 LIST COMBINED   IE  THE ELIGIBLES ALONE  )   .

TILL JANUARY 7 TH  MEF DISPLAYED  ALL THE APPLICANTS  BOTH ELIGIBLE  AND  OTHERS .    NOW AFTER THIS   GAP OF MORE THAN 3 WEEKS  THE  LIST WOULD  BE  THE ELIGIBLES  ,   PROBABLY  VETTED  BY RBI  AND  MADE AVAILABLE TO  I C A I  AS FEED BACK  ------     OF COURSE THESE ARE   MY  PRESUMTIONS   ONLY 

            Bank  Branch Auditors panel 2014-2015 

                      " Coming shortly "   

This has been appearing since Monday in the MEF portal 

Reminiscence of  Movie release - Today being Friday    we  may hope for a release  today .   

A week ( 8 Days it would be till sunday  )  passed -  4 days Strike declared  .Thus  16 days left in february  including 2 sundays 

Can any one explain  / comment   on this inordinate delay - 

No  idea  as to what is happening  .   The panel list for 2015  was to be displayed in mef  , that has not happened  yet  .    PDC  has employed  a service provider  for  MEF .

Let us hope that there would not be further delay - Pl provide updates  

Sir 

Thank you for keeping  track of the developments  and providing up dates 

MEF  not  opening        from yesterday  onwards  ( 11/02/2015 ) 

According to the information available  from Canara Bank  list from RBI has not yet come ( 12/02/2015  morning ) 

Process not started yet 

 There used to be  lot of  infights during  cc meetings  which are held in closed rooms  keeping the administrative  staff away .  It was told that  auditors were  dragging the  signing  of  Institute's   Balance sheets  -  It is  third class politics