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

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Asked: July 28, 20202020-07-28T21:33:44-07:00 2020-07-28T21:33:44-07:00In: Construction
dbnalawade
dbnalawade

dbnalawade

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

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  1. Komal Bhandakkar

    Komal Bhandakkar

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    Komal Bhandakkar AUTHOR
    2020-09-12T20:15:48-07:00Added an answer on September 12, 2020 at 8:15 pm
    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.


    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.

    Most Important Information :

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

    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

    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

    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).

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

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  2. Suyogmuralkar

    Suyogmuralkar

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    Suyogmuralkar Beginner
    2020-08-21T13:30:22-07:00Added an answer on August 21, 2020 at 1:30 pm

    Hello sir, I have gone through your question and did some research I have came to this conclusion. I have kept my response very small and straight in point wise manner.hope it will help you.

    The process of becoming a certified registered valuer is as follows

    There are 5 phases of becoming a valuer India  :

    1. Step 1: qualification and experience
    2. Step2: enrollment with a suitable RVO (REGISTERED VALUER ORGANIZATION)there are 13 RVO in India you can choose any one.
    3. Step 3: Educational course: After registering at RVO, its expected to complete their course.
    4. Step 4: syllabus and valuation examination, after completion of course, there is exam by ibbi.
    5. Step 5 : Registered as valuator
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