What are the criteria/requirements to become a Government approved valuator ?

First of all,

let’s discuss what exactly the meaning of government-approved valuer.

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Government-approved valuer :

• The value was may be individual or partnership introduce your company would be essentially required to be registered with authority specified by the central government.

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Most Important Information :

• The registered valuers should be a member of the registered valuer’s Organisations( RVOs), that are recognised by the authority.

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Not coming towards, how to become a government valuer.

In India, three categories of registered valuers. They are as follows ;

• Land and Building Valuer
• Plant and Machinery Valuer
• Securities or Financial Assets Valuer

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Here, I mainly concentrate on the step number one that is eligibility criteria of the candidate who wish to become a government valuer in detail.

STEP I – QUALIFICATION AND EXPERIENCE :

As per rule 4,( Annexure-IV) of the companies (registered valuers and valuation) Rules, 2017 an individual shall have the following qualification and experience to be eligible for registration as registered valuer :

1. UG + 5 years post qualification experience, or
2. PG + 3 years post qualification experience, or
3. Membership of a professional Institute + three years post-grad qualification experience

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Other eligibility criteria as under:

• A person is not a minor
• A person should be resident in India(As per clause V of section 2 (foreign exchange management act, 1999{ 42 of 1999})
• A person is mentally and physically fit.
• A person has not been levied a penalty under section 271J of Income Tax Act, 1961 (43 of 1961).

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I hope so your doubt regard in the first step is clear. Thank you for asking a question.