a) As per Point no.16 of Annexure III of the Companies (Registered Valuers and Valuation Rules, 2017), wherein it is written that "A member shall submit information about ongoing and concluded engagements as a registered valuer, in the manner and format specified by the Organisation, at least twice a year stating inter alia, the date of assignment, date of completion and reference number of valuation assignment and valuation report. Format prescribed by IOV-RVF is M-3 and M-4. b) As per Point VIII (20) of Annexure III of the Companies Registered Valuers and Valuation Rules, 2017, wherein it is written that "The Organisation (RVO) shall submit a report to the Authority (IBBI) in the manner specified by the Authority with information collected during monitoring, including information pertaining to - (a) the details of the appointments made under the Act/these Rules, (b) the transactions conducted with stakeholders during the period of his appointment; (c) the transactions conducted with third parties during the period of his appointment; and (d) the outcome of each appointment. From above provision, it is mandatory by all RVOs to submit the required information to the Authority in the prescribed format provided by the Authority. Authority in its 14th meeting of all RVOs provided the prescribed format under which every RVO shall collect the data from its RVs and submit the same to the Authority latest by April 30 of every financial year.
Popular News
28th Dec
2019
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
2019
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
2019
IBBI extends limit of participants in CEP progrmmes by RVOs
01st Sep
2019
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
2019
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.