CAG Empanelment Process of CA firms or LLPs commenced
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CAG Empanelment Process of CA firms or LLPs commenced
CA firms/LLPs CAG Empanelment process started Now
- The CAG Empanelment mechanism for the FY 2022-2023 has commenced.
- Deadline for online submissions of application for Chartered Accountants in India or outside India is February 15, 2022.
- Chartered Accountants Firms or Chartered Accountants LLPs must submit a printout of the online acknowledgement letter, as well as complete set of paper copies of the documents supporting their online application, to the CAG Office by February 28, 2022.
- Chartered Accountant firms/LLPs are invited to apply online to be empanelled with the office of the Comptroller and Auditor General of India for the fiscal year 2022-2023 in order to be considered for appointment as auditors of companies under Sections 139(5) and 139(7) of the Companies Act 2013 and statutory corporations/autonomous bodies under the provisions of their respective Acts.
- An online application form with complete instructions will be available on the website www.cag.gov.in. From January 1 through February 15, 2022,
- The applicant businesses/LLPs must fill out/update the data indicating their firm’s status as of January 1, 2022.
- For more information. you can visit to https://care.cag.gov.in/Authorised/Default.aspx
ICAI Latest Update on Branch to Be Added in C&G portal:
- An One-Time online window is being opened from 05.07.2024 to 08.07.2024, to update/add/delete the data relating to their branch alongwith their members stationed at a particular branch submitted by the applicants in their Online Empanelment application filed with O/o C&AG.
- The applicants, who desire to update/add/delete their branch related information, can do so at the given redressal window within the specified timeframe using the link: https://app.meficai.org/cagBranchDetails .
- Announcement is being hosted on ICAI’s website. Individual notifications are being sent via E-mail and SMS to all applicants concerned.
Multi-purpose Empanelment Form i.e. MEF bas been extended for FY 2024-25
- Professional Development Committee is pleased to host the MEF for the year 2024-25, which is available at https://meficai.org/. Before filling the MEF for the year 2024-25, Members are advised to go through the Advisory. and Last date for submitting the Multi-purpose Empanelment Form i.e. MEF bas been extended from 07th Oct 2024 to 21st Oct 2024. So Last date for online submission of Multi-purpose Empanelment is 21st Oct, 2024.
CAG Empanelment – Partner Compensation Criteria (2025–26)
The Comptroller & Auditor General has prescribed the following minimum compensation requirements for partners of firms seeking empanelment for 2025–26, Minimum Annual Compensation (per partner)
Headquarters in Metros (Delhi, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad):
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FCA: INR 6,00,000
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ACA: INR 3,60,000
Headquarters in Other Cities:
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FCA: INR 3,60,000
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ACA: INR 2,40,000
Minimum % Share of Firm’s Compensation
Each partner must receive at least this % of the total firm compensation.
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20% → Sole Proprietor / 2–3 partners
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15% → 4–5 partners
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10% → 6–7 partners
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5% → 8+ partners
Restriction on Outside Income
- A partner’s outside professional income cannot exceed the compensation drawn from the firm.
- Firms must ensure partners receive minimum monetary compensation + prescribed share %, while outside professional income remains lower than the firm share.
ICAI : Important Announcement: Extension of Last Date for MEF 2025-26 Submission
- The Professional Development Committee of ICAI has decided to extend the last date for submitting the Multipurpose Empanelment Form for the FY 2025-26 from 26th September 2025 to 10th October 2025.
- This extension has been granted to provide adequate time for members to complete and submit their Multipurpose Empanelment Form. Accordingly, the new last date for online submission is: 10th October 2025
- No further extension will be granted, as the Professional Development Committee of ICAI must submit the Bank Branch Auditors’ Panel to the RBI within the stipulated timeline. Before filling the Multipurpose Empanelment Form, members are advised to carefully go through the Advisory available on the Multipurpose Empanelment Form portal. For any clarification, query, or complaint regarding Multipurpose Empanelment Form 2025-26, applicants may write to the Professional Development Committee of ICAI using the “MEF Complaint Entry” tab available at: https://meficai.org
- ICAI has provided a final opportunity for submission of the Multipurpose Empanelment Form for the year 2025-26.
Members who missed submitting their MEF earlier can now apply through the official portal Portal: https://meficai.org/ which is open only on 16th & 17th October, 2025. For empanelment with various authorities such as RBI, C&AG, etc. Members are advised to take note and complete their submission within the above window — no further extension will be granted.
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