IBBI RVO Recognition No: IBBI/RVO/2017/002
IBBI RVO Recognition No: IBBI/RVO/2017/002
IBBI in its 32nd RVO Meeting requested the RVOs to comply with Clause 9 of the Rules which provide that no individual shall be enrolled as a member if he is not eligible to be a registered valuer with the authority. It was noted that there were some exceptions in this regard for which the RVOs may be guided by the clarification by the Board. In all other cases, if a member who is not eligible to be an RV and still wants to undertake the 50 hours educational course for knowledge accretion, then the RVO shall communicate this to the member in writing through an e-mail, before he is permitted to do the educational course.
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30th May
2020
An RV is required to undertake a minimum of 10 credit Hours of CPE in each financial year and a minimum of 48 credit hours of CPE in each rolling block of 3 years. Since, the block for three years is completed on 31 st March, 2023, accordingly after detailed deliberations it was decided that there will be a rolling block of 4 years and RV is required to earn a minimum of 64 credit hours in each block year.
09th May
2020
IBBI recently has disposed off of SCN against Mr. Ajay Kumar Chakrabarti, registered with IBBI as a valuer of Plant and Machinery Assets (P&M) and suspends the registration for a period of six months.
28th Feb
2020
IBBI in exercise of powers conferred vide notification of Central Government no. GSR 1316(E) dated 18.10.2017 under Section 458 of the Companies Act, 2013 and in pursuance of rule 15 and rule 17 of the Valuation Rules hereby suspends the registration of Mr. Sandeep Kumar Agarwal for a period of six months.
17th Feb
2020
INSOLVENCY AND BANKRUPTCY BOARD OF INDIA has passed an order gainst RBSA Valuation Advisors LLP, Registered Valuer Entity for violating rules rule 7(g) read with clause 6 of the Model Code of conduct for Registered Valuers, 8(3)(l) and 7(i) of the Valuation Rules.
28th Dec
2020
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.
