STEP BY STEP PROCEDURE FOR REGISTRATION AS VALUER IN IBBI
STEP 01-
- Seek primary membership (Valuer Member) with a Registered Valuers Organisation (RVO).
NB: On receipt of application, RVO will scrutinise the application to ensure that the same conforms to the requirements for registration, inter alia including provisions under rule 3 and rule 4 of the Companies (Registered Valuers and Valuation) Rules, 2017. After establishing confirmation with the said Rules, RVO shall enrol an Applicant as Valuer Member.
STEP 02-
Undertake 50 hours mandatory education course in the Asset Class for which registration as Registered Valuer is being pursued.
STEP 03 –
Pass Valuation Examination for the selected Asset Class (for which 50 hours mandatory education course has been undertaken).
STEP 04
Online submission of Form-A and uploading of necessary stated documentary proofs.
NB: After submission of Form-A by the Applicant, the same will then be sent to the RVO with whom the applicant is enrolled, for approval. Upon scrutiny of Form-A, RVO shall approve the application after which a payment link will be sent to the Applicant on his email address.
STEP 05
Online Payment of Fees by the Applicant.
Applicant has to pay the fees online using the payment link received on email. Payment link is received only after RVO accords online approval to an applicant’s form. After online payment, applicant should take printout of the payment confirmation page for future use.
STEP 06
Submission of following physical documents to RVO:
- duly signed Form-A along with Addendum to Form A;
- copies of documentary proofs uploaded earlier and;
proof of payment of fees [Printout of payment confirmation page as mentioned under Step V above].
STEP 07
RVO, upon receipt of Form-A from the Applicant, shall:
- recheck the application and enclosed documentary proofs and;
- ensure that documents are uploaded on the portal.
Verifying the completeness and correctness of the application and the documentary proofs received
STEP 08
RVO to approve application online
The application must include the following:
- Physical Form A duly signed (with seal affixed) by RVO;
- Addendum to Form-A; and,
- Proof of Payment of Fees.
STEP -09
After the applicant has been granted registration by the Authority, applicant has to obtain Certificate of Practice from respective RVO before commencement of practice.
