MINIMUM STEPS & COMPLIANCES TO BE FOLLOWED BY AN RV

MINIMUM STEPS & COMPLIANCES TO BE FOLLOWED BY AN RV IN SHORT: DURING A FINANCIAL YEAR AFTER DOING ANY VALUATION REPORT-AN OVERVIEW

THEY NEED TO FOLLOW THE FOLLOWING SIMPLE COMMON PROCEDURE & STEPS: IN SHORT FOR NEWCOMERS

APPOINTMENT LETTER OF ASSIGNMENT LETTER TO BE TAKEN FROM CLIENT MENTIONING FULL TERMS & CONDITIONS OF ENGAGEMENT.
SITE SURVEY, INSPECTION, INVESTIGATION & DATA COLLECTION
PREPARATION OF DETAILED VALUATION REPORT IN A PROPER FORMAT (LIKE FORMAT AS OF PNB OR ANY OTHER SPECIFIED).
UIDN TO BE GENERATED FOR VALUATION REPORT BY M-1. THIS UIDN IS GENERATED TO BE MARKED ON EACH PAGE OF THE REPORT.
HANDING OVER THE REPORT ALONG WITH BILL TO THE CLIENT & ISSUING THE TAX INVOICE AFTER RECEIVING THE PAYMENT OF THE FEE.
FILL M-2 OF RELATED ASSET CLASS AVAILABLE ON THE WEBSITE IN VALUATION ESSENTIALS, SENDING SOFT AND HARD COPIES OF THE REPORT TO RVO FOR PEER REVIEW M-2.
MENTIONING THE REPORT DETAILS IN THE NEXT HYR RETURN M-4 & YEARLY RETURN M-3. SUBMIT M-3 AFTER EVERY FINANCIAL YEAR BETWEEN 01/APR TO 15/APR.
SUBMIT M-5 IF ANY INTIMATION FOR INSPECTION IS RECEIVED BY YOU BEFORE THE INSPECTION IS CARRIED OUT.
SUBMIT M-6 AS PER BYE-LAW 11 ON A YEARLY BASIS.
SEND M-1, M-2, M-3, M-4 ALONG WITH A COPY OF THE REPORT IN HARD COPY TO RVO HEADQUARTERS BY POST FOR PEER REVIEW PURPOSES AND A SOFT COPY OF ALL TO THEIR OFFICIAL MAIL ID DURING THAT HYR REPORT.
PRESERVE ALL RELATED DOCUMENTS, DEEDS, DATA, CALCULATIONS, SALE INSTANCES, EVIDENCE OF YOUR DECISION, ETC. FOR 3 YEARS OR MORE (IN CASE OF COURT CASE) FOR INSPECTION PURPOSES BY RVO OR ANY STATUTE.