Mr. Agrawal for contravention of the provisions of the Rules and the Model Code of Conduct for Registered Valuers. It has been observed that three FIRs have been filed against Mr. Agarwal by the Central Bureau of Investigation, ACB, Bhopal, on the basis of complaint made by Punjab National bank, for his role as valuer of the bank. It has been alleged that he provided inflated valuation for the properties kept as collateral for the loan amounts disbursed by Punjab National Bank. The FIRs are filed for offences under sections 120B Indian Penal Code, 1860 (IPC) read with 420, 467, 468, 471 and under sections 13(1)(d) read with 13(2) of the Prevention of Corruption Act, 1988 (PC).
Popular News
28th Dec
2022
At present, internationally accepted valuation standards adopted by the Registered Valuers Organisation are used by the registered valuers for the purpose of arriving at the cost or value of assets such as plant and machinery and land and building.
21st Nov
2022
MCA vide its notification dated 21.11.2022 made Companies (Registered Valuers and Valuation) Rules, 2022 further to amend the existing Companies (Registered Valuers and Valuation) Rules, 2017.
01st Oct
2022
IBBI extends limit of participants in CEP progrmmes by RVOs
01st Sep
2022
IBBI has revised the fee for the Valuation examination from Rs.1,770 to Rs. 5,900 for each enrolment on or after 01st October 2022
06th Jun
2022
In order to bring in objectivity and improvements in the scheme of valuation examinations, it has been decided by the Authroity (IBBI) that frequency of attempt in an LIE or valuation examination, as the case may be, for every candidate, shall be determined after taking into account a cooling off period of 2-months between each consecutive attempts of such candidate, thereby making a total of 6 attempts in a period of 12 months.