RULE-05

VALUATION EXAMINATION FOR REGISTERED VALUERS AS PER RULES

THE COMPANIES (REGISTERED VALUERS AND VALUATION ) RULES, 2017

Published in the Gazette of India, Extra., Part II, Sec.3, No. 1316 (E), dated 18th Oct., 2017

1. The authority shall, either on its own or through a designated agency, conduct a valuation examination for one or more asset classes, for individuals, who possess the qualifications and experience as specified in rule 4, and have completed their educational courses as members of a registered valuers organization, to test their professional knowledge, skills, values, and ethics in respect of valuation:

Provided that the authority may recognize an educational course conducted by a registered valuers organization before its recognition as adequate for the purpose of appearing for valuation examination:

Provided also that the authority may recognize an examination conducted as part of a master’s or postgraduate degree course conducted by a University which is equivalent to the valuation examination.

2. The authority shall determine the syllabus for various valuation-specific subjects or asset classes for the valuation examination on the recommendation of one or more Committees of experts constituted by the authority in this regard.

3. The syllabus, format and frequency of the valuation examination, including qualifying marks, shall be published on the website of the authority at least three months before the examination.

4. An individual who passes the valuation examination, shall receive acknowledgment of passing the examination.

5. An individual may appear for the valuation examination any number of times.