Punjab State Transmission Corporation Limited inviting for invitation of tender regarding appointment of cost auditor of pstcl for fy 2026-27

Punjab State Transmission Corporation Limited invitation of tender regarding appointment of cost auditor of pstcl for fy 2026-27

1.Nature of Work

·         Conduct audit of PSTCL's Cost Accounting Records.

·         Submit necessary reports with observations, suggestions and annexures.

·         Complete e-filing in XBRL format on MCA portal.

·         Submit audit report within 180 days from the close of the financial year.

·         Work to comply with Companies Act provisions and MCA notifications.

2.Eligibility Criteria

The bidder must:

·         Be a practising Cost Accountant or Firm of practising Cost Accountants.

·         Be defined under Cost & Works Accountants Act, 1959.

·         Have been in existence for minimum 5 years.

·         Be eligible under Section 141(3) of Companies Act, 2013 (no disqualification).

3.Firm Requirement

Required firm details/documents:

·         Name of applicant firm

·         Date of establishment

·         Experience (number of years)

·         Membership number (ICAI/CMA institute)

·         Certificate of Practice

·         GST registration

·         PAN

·         GST-linked bank account

·         Experience proof / assignment completion certificates

·         Contact details (email/mobile)

4.Advance Requirement

EMD (Earnest Money Deposit):

·         2% of tender value

·         Minimum ₹5,000

·         Payment mode:

o    Demand Draft/Bank Draft

o    Payable at Patiala

o    In favour of Accounts Officer/Cash, PSTCL

·         Cheques not accepted.

5.Location Requirement

·         Main office/location: Patiala, Punjab

·         Cost records available at Corporate Office, Patiala

·         Auditor may need to visit field offices if required.

6.Contract Details

Tender number:
27/CAO(F&A)/BUDGET/CA-I/Vol.-4/PSTCL/2026-27

Important dates:

·         Tender download starts: 11-05-2026

·         Last submission: 01-06-2026 at 3:00 PM

·         Tender opening: 01-06-2026 at 3:30 PM

Contract terms:

·         Bid validity: 120 days

·         Appointment extension possible up to 2 additional years if performance is satisfactory

·         Jurisdiction: District Courts, Patiala

·         Delay penalty:

o    Fine up to ₹5,000

o    Possible termination of appointment

7.Financial Details

Minimum fee prescribed:

·         ₹25,000 per year

·         Inclusive of:

o    TA & DA

·         Exclusive of:

o    Statutory levies/GST (payable extra as applicable)

Payment terms:

·         100% payment within 45 days

·         Subject to:

o    Submission of Cost Audit Report

o    Board approval

o    XBRL filing

o    Proper bill submission

Deductions:

·         Statutory deductions applicable.