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SPECIFIC PROVISIONS WHICH REQUIRE A VALUATION REPORT FROM A REGISTERED VALUER: COMPLETE E-BOOK

FREE COMPLETE STUDY MATERIAL NOTES FOR IBBI EXAMINATION

E-BOOK

ONLINE BATCH STUDY MATERIAL-50 HRS EDUCATIONAL COURSE UNDER RULE 5(1) READ WITH RULE 12(2)(a) FOR REGISTRATION AS VALUERS UNDER THE BANNER OF CEV IAF RVO

 




UNIT-2

CHAPTER-8

SPECIFIC PROVISIONS WHICH REQUIRE A VALUATION REPORT FROM A REGISTERED VALUER

WHO CAN BE A REGISTERED VALUER?

A person, who aspire to be a registered valuer, is required to possess certain qualifications and experience, obtain membership of a recognized organization of valuers and get itself registered as a valuer with IBBI.

The RV Rules sets out in detail the eligibility criteria, educational qualifications (degree), experience, and procedure for registration of a valuer. However, such valuer will not undertake valuation of any assets in which he has a direct or indirect interest or becomes so interested at any time during a period of three years prior to his appointment as valuer or three years after the valuation of assets was conducted by him.

DIFFERENT QUALIFICATIONS OF REGISTERED VALUERS FOR DIFFERENT CLASSES OF ASSETS?

For valuation of land & building, a registered valuer must be a graduate or post graduate in Civil engineering, architecture or town planning with minimum experience of 3 to 5 years

For valuation of plant & machinery, a registered valuer must be a graduate or post graduate in Electrical or Mechanic Engineering with minimum experience of 3 to 5 years

For valuation of securities or financial assets, a person must be a member of ICAI, ICSI or Institute of Cost Accountants of India or an MBA with specialization in Finance, with minimum experience of 3 years in the discipline after completing graduation

The registered valuer is responsible for any negligence or misconduct leading to disciplinary action by IBBI and regulatory penalties and fines.



PART-1

SPECIFIC PROVISIONS UNDER THE COMPANIES ACT, 2013 WHICH REQUIRE VALUATION REPORT FROM A REGISTERED VALUER

Section 62 (1) (C) read along with Rule13 of the Companies (Share Capital and Debentures) Rules, 2014:- (Further issue of Shares) :When the Company proposes to further issue the shares of Company to any person bypassing the Special Resolution, on a preferential basis the price for such preferential

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