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Henry Newman
Water resource engineer
Asked a question last year

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

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

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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
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.