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 :
- UG + 5 years post qualification experience, or
- PG + 3 years post qualification experience, or
- 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.
