NOTICE OF PNB FOR EMPANELMENT OF VALUERS

Quick recap

CEV organised a meeting focused on the empanelment process for valuers in Punjab National Bank, covering eligibility criteria, application procedures, and key terms for valuer empanelment under various acts, including the Wealth Tax Act and Insolvency and Bankruptcy Code. The discussion detailed specific registration requirements and qualifications for valuers, including educational backgrounds, work experience, and professional misconduct criteria. The meeting also addressed the regulation of professional valuation in real estate and other asset classes, emphasizing the importance of proper qualifications, confidentiality requirements, and the role of regulatory bodies like the Insolvency and Bankruptcy Board of India.

CEV discussed the importance of signing a confidentiality and non-disclosure agreement with new employees and outlined the terms of engagement for valuers, including completing assignments within the prescribed time and communicating with the bank in writing or via email. They emphasized that valuers should carry out work independently and not subcontract it to others, and highlighted the process for resolving disagreements through the bank’s conflict resolution committee. CEV also provided a list of zonal offices where valuers can apply and encouraged viewers to subscribe to the Registered Valuers Club for professional updates.

Summary:

Punjab Bank Valuer Empanelment Notice

CEV discusses a public notice issued by Punjab National Bank on November 7, 2025, inviting applications for the empanelment of valuers registered under the Val Tax Act. The notice applies to 13 zonal offices, and applications must be submitted by November 21, 2025. CEV emphasizes that only valuers with Surface C registration are eligible for a five-year empanelment period. The notice is available on the PNB official website and can be accessed through CEV’s dedicated website, CEV Techronews.

PNB Valuer Implementation Criteria

The meeting discussed the empanelment process for valuers in Punjab National Bank (PNB), outlining eligibility criteria, application procedures, and key terms. Valuers must apply between November 7-21, 2025, and meet requirements such as registration under the Wealth Tax Act 1957, membership in a recognized valuer association, and active participation in professional activities. The bank reserves the right to amend terms and withdraw valuers without notice, and applications must be submitted to zonal offices only, not the head office.

Valuer Eligibility Criteria Under IBC

The discussion focused on the eligibility criteria for valuers under the Insolvency and Bankruptcy Code. CEV explained that valuers must not have a criminal record or professional misconduct, and must be registered with the Insolvency and Bankruptcy Board of India. They also discussed that partnership entities cannot be appointed as valuers if their objects are not related to professional or financial services, including valuation services. The meeting covered the requirements for valuers to conduct valuations of properties and assets pertaining to companies, including registration with IBBI and compliance with the Wealth Tax Act.

Valuer Registration and Eligibility Criteria

The discussion focused on registration requirements and eligibility criteria for valuers under the Wealth Tax Act and SURFAESI Act 2002. It was clarified that registration with the government is desirable but not compulsory, and partnership firms must have all partners registered under the Wealth Tax Act to conduct valuations. Diploma holders are eligible for valuation work, but their scope is limited to properties valued up to 5 crores, with Deputy General Managers and Zonal Managers having the authority to permit higher valuations. The meeting also emphasized the importance of proper education qualifications and relevant work experience for valuers, particularly noting that all partners in a partnership firm must meet these criteria.

Real Estate Valuation Regulation Overview

The discussion focused on the regulation of professional valuation in real estate and other asset classes in India. It was clarified that while there is no specific act regulating the valuation of agricultural land, the Companies Act 2013, with the Insolvency and Bankruptcy Board of India (IBBI) as regulator, governs real estate and plant and machinery valuations. The qualifications and experience requirements for different categories of valuers were outlined, including the need for specific educational backgrounds, work experience, and in some cases, additional certification courses. The importance of maintaining confidentiality and non-disclosure was emphasized, with a recommendation to ensure all employees sign non-disclosure agreements.

Valuer Engagement and Confidentiality Guidelines

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HEAD OFFICE
PLOT NO.4, SECTOR-10, DWARKA, NEW DELHI-110075
PUBLIC NOTICE – EMPANELMENT OF VALUERS

PUNJAB NATIONAL BANK invites applications for the Empanelment of Valuers who are having registration under Wealth Tax Act, 1957 (fresh valuers) for a period of five years, for the following Zonal Offices: –
S. No. Zonal Office
1. Agra
2. Ahmedabad
3. Bhopal
4. Chennai
5. Dehradun
6. Delhi
7. Guwahati
8. Hyderabad
9. Jaipur
10. Ludhiana
11. Mumbai
12. Shimla
13. Varanasi
The empanelment of valuers is subject to fulfillment of the criteria related to educational qualifications and experience, mentioned in Appendix-III (Eligibility Criteria) & terms of engagement given in Appendix-IV.