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Advisory of ICAI’s Multipurpose Empanelment Form 2025-26

ICAI extends Multipurpose Empanelment Form

The hosting of the Multipurpose Empanelment Form (MEF) for 2025-26 has been announced by the Institute of Chartered Accountants of India (ICAI), through its Professional Development Committee (PDC). On the website https://meficai.org/ form is now available online and will remain open till September 26, 2025. 

For the Chartered Accountants, MEF will act as a significant gateway since the data provided is shared with the statutory bodies, like the Reserve Bank of India (RBI), NABARD, and other authorities for empanelment in various professional assignments.

Under the Chartered Accountants Act of 1949, the Institute of Chartered Accountants of India is a statutory body established to control the profession of Chartered Accountancy in the country. The ICAI, with over 70 years of existence, is the second-largest accounting body in the world, dedicated to upholding excellence in professional development and ethical norms. 

The Professional Development Committee (PDC) is delighted to host the Multipurpose Empanelment Form (MEF) for the year 2025-26, which is available at https://meficai.org/. Members are advised to go through the Advisory before filling out the Multipurpose Empanelment Form (MEF) for the years 2025-26. Information furnished via MEF is shared by ICAI with RBI, NABARD, and other authorities for empanelment for professional work.

Eligibility for filing MEF 2025-26

Please note: “The above is the eligibility criteria for filing the MEF only. The eligibility criteria of each auditee for the allotment of audit may differ. Please refer to the Guidelines of the respective auditees for further information.”

See more: https://meficai.org/

Multipurpose Empanelment Form (MEF) for FY 2025-26

The Professional Development Committee (PDC) is pleased to announce the availability of the Multipurpose Empanelment Form (MEF) for the year 2025-26, accessible at www.meficai.org. We strongly recommend that Members review the Advisory before completing the MEF.

Registration / Login Credentials 

Existing Applicants:  Applicant already registered for MEF in previous year/(s), may log in using the credentials directly the previous year for MEF 2024-25. On forgetting the password, you can proceed to the “Forgot Password” button to recover the password. 

Applicant applying for the first time, the applicant must first register for MEF 2025-26 at https://meficai.org/register

26th September, 2025 is the last due date for submission of the online form: official announcment by ICAI

New Applicants: Please register by using: 

We initiated the latest feature called the category calculator available at  https://app.meficai.org/Cats. It has been performed during the rectification of the MEF procedure. 

By following the steps below, Stakeholders can complete the form submission requirement

1. Access the Portal: Go to the official Multipurpose Empanelment Form website. 

2. Login/Register: 

3. Read the Advisory: Read the advisory carefully to understand the prerequisites, before initiating the form.

4. Fill Out the Form: Furnish precise and updated details in all the needed fields.

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    Advisory for Multipurpose Empanelment FORM (MEF) 2025-26

    MEF Filing Procedure

    Key Parameters for Credit Scaling in MEF

    “Exclusiveness of Partner/Proprietor /Member practising in his Individual Name:

    Partner:

    Proprietor/Member Practising in his Individual Name:

    Common Partner-Treatment in MEF

    4. Unique Code Number (UCN)

    Read Also: ICAI Unveils The Audit Quality Maturity Model Version 2.0

    5. Bank Audit Experience

    Member will be considered to have such experience only if he/she has signed the Audit Report/conducted the Audit. The experience gained in the capacity of Articled/Audit Assistant or paid employee/assistant is not to be included while mentioning the audit experience in MEF.

    1. Bank Audit Experience MEF Panel (including Bank Branch Auditors’ Panel)
      • Experience of branch audit of a Public Sector Bank (PSB) or a Private Sector Bank (PVB) is to be mentioned. (The experience of Statutory Central Audit of J & K Bank will also be reckoned as Public Sector Bank Audit experience.)
      • If the applicant has audited both Public Sector Banks and Private Sector Banks in the same year, then the experience will be counted as 1 year only.
    2. Additional Parameter – Audit Experience – NABARD Panel for Appointment / Re-appointment of Statutory Auditors of State Co-operative Banks and Central Co-operative Banks.
      • Audit experience shall mean experience of the audit firm as Statutory Central / Branch Auditor of Commercial Banks / UCBs / NBFCs (including HFCs) / AIFIs / Statutory Auditor of StCBs / CCBs / RRBs.
      • In case of a merger and demerger of audit firms, the merger effect will be given two years after the merger, while the demerger will be given effect immediately.
      • If the applicant has audited more than one amongst the above-mentioned entity in the same year, then the experience will be counted as 1 year only.

    Note: “Please refer to detailed guidelines dated 15.01.2024 for the Appointment / Re-appointment of Statutory Auditors of State Co-operative Banks and Central Co-operative Banks for further clarification.” Click here

    6. Professional Staff

    Note: “Please refer to detailed guidelines dated 15.01.2024 for the Appointment / Re-appointment of Statutory Auditors of State Co-operative Banks and Central Co-operative Banks for further clarification.” Click here

    7. Full Time Paid Chartered Accountant employee

    1. For MEF Panel (including Bank Branch Auditors’ Panel), A Member is treated as a full-time paid Chartered Accountant Employee with the Firm if:
      1. He/She is an active member on July 1, 2025, until the date of the second verification.
      2. He/She is not a Partner/Proprietor in any other Firm(s) on July 1, 2025, until the date of the second verification.
      3. He/She is not practising under an Individual name on July 1, 2025, until the date of the second verification.
      4. He/She is not a full-time/part-time Paid Chartered Accountant Employee in any other Firm on July 1, 2025, until the date of the second verification.
      5. He/She is not employed full-time/part-time elsewhere on July 1, 2025, until the date of the second verification
    2. For NABARD – Panel for Appointment / Re-appointment of Statutory Auditors of State Co-operative Banks and Central Co-operative Banks: CISA / ISA / DISA Qualification – There shall be at least one year of continuous association of Paid CAs (with CISA / ISA / DISA qualification) with the firm, as on 1st July 2025 and continuing with the firm to consider them as Paid CAs with CISA / ISA / DISA qualification for the purpose.

    8. Declaration Submission

    9. Submission of Financial Documents

    For Partnership Firms:

    For Firms:

    1. Complete Income Tax Return in JSON format
    2. Income Tax Return Acknowledgment
    3. The statement outlining the calculation of the Firm’s total income.
    4. Balance Sheet as of March 31, 2024, with accompanying schedules
    5. Income & Expenditure Account for the financial year 2023-2024 with accompanying schedules

    For Partners:

    1. Complete Income Tax Return in JSON format
    2. Income Tax Return Acknowledgment
    3. The document statement outlines the calculation of the partner’s total income.

    For Sole Proprietors/Individuals practising in their individual name:

    If applicants have opted for the Presumptive Taxation scheme as per Section 44ADA of the Income Tax Act, 1961, and have submitted their Income Tax Return (ITR) accordingly for the fiscal year 2023-2024, they need to choose the appropriate tab on the Financial Documents page. In this case, these applicants are not obligated to provide Balance Sheets and Income & Expenditure Accounts.

    All financial details must be entered using exact figures. For instance, if the Firm’s Gross Professional Receipts amount to “two lakhs fifty-six thousand two hundred fifty-six rupees”, it should be written as “2,56,256” and not as “2.56 lakhs.”

    10. Final Preparation of Panel for Bank Audit

    11. Complaint Filing Procedure

    12. Others

    Here’s an important announcement about the Multipurpose Empanelment Form (MEF) for 2025-26 from ICAI’s Professional Development Committee, issued on September 6, 2025. Click here

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