Money Law and SOPs

POINT OF CONTACT  FOR APPLICANTS CONTACT IBBI EXAM: FAQ-POINT OF CONTACT  FOR APPLICANTS CONTACT IBBI EXAM: 1.    While filing application on web portal, whom should the applicant contact in case of IT related problems / issues? Ans.  IT Helpdesk of IBBI may be contacted at email ID: webdev@ibbi.gov.in . 2.    After filing of application, whom should the applicant contact in case an update on status of application is required? Ans.  Respective RVO may be contacted with due consideration of the timelines stipulated under the rules. 3.    In case a query / clarification request has been received by the applicant, whom should be contacted in case further clarification is required on the matter? Ans.  Respective RVO may be contacted. RVOs will guide applicants with clarifications on the observation/s received. 4.     Where can we find contact details of RVO? Ans.  IBBI ...

APPLICATION FOR REGISTRATION AS REGISTERED VALUERS: FAQ- FOR APPLICATION FOR REGISTRATION AS REGISTERED VALUERS: 1.   Is there a standard format for an application for registration as Registered Valuer? Ans.  Yes. Individual Applicants need to submit the application as per Form-A of Annexure II of the Companies (Registered Valuers and Valuation) Rules, 2017. A Partnership Entity or Company needs to submit the application as per Form-B of Annexure II of the Companies (Registered Valuers and Valuation) Rules, 2017. 2. Within how many days of submission of application, registration is granted? Ans.  Subject to fulfilment of terms and conditions, registration is granted to an   applicant within 60 days of receipt of application excluding time given to the Applicant for presenting additional documents, information or clarification, or appearing in person, as the case may be. 3.    In case there is an ob...

VALUATION EXAMINATION FOR REGISTERED VALUERS- MANDATORY : EXAMINATION FOR REGISTERED VALUERS: FAQ- VALUATION EXAM MANDATORY: 1.   Is passing of Valuation exam mandatory? Ans.  Yes. 2.    Is the examination conducted online or offline? Ans.  Examinations are conducted in online mode only. 3.   Within how many days of passing the valuation exam, should Form A be filled? Ans.  Valuation Examination result is valid for 3 years from the date of passing of exam. 4.    Are applicants above a certain age threshold exempted from passing Valuation examination? Ans.  No, passing of examination is mandatory for all applicants seeking registration irrespective of the age of applicant. 5.   If a Valuer Member has passed the valuation exam but is yet to receive Valuation Examination passing certificate, is he/she required to wait for the Certificate for applying for registration? Ans.  No. In such cases, printout of ...

TRAINING FOR REGISTERED VALUERS: FAQ- 50   hours   training   mandatory: 1.  Is 50 hours training mandatory for a person who is already undertaking valuation for Banks / Institutions / under IT Act etc? Ans.   Yes. The training is mandatory. 2.   Who gives the 50 hours mandatory training? Ans.  Training is scheduled by RVOs. For exact schedule of training, the applicant should contact respective RVO. 3.  In case a Registered Valuer for one asset class is eligible for registration for another asset class, will 50 hours training be required to be undertaken again? Ans.  Yes, since the training is asset class specific. 4.   Can an employed individual undertake 50 hours mandatory training? Ans.  Yes. However, an individual shall not be in employment at the time of applying for registration as valuer. 5.   Are applicants above a certain age threshold exempted from a...

FAQ- Educational Qualifications and Experience stipulated for registration as Registered Valuer: 1.   Where are the Educational Qualifications and Experience stipulated for registration as Registered Valuer? Ans. Rule 4 of the Companies (Registered Valuers and Valuation) Rules, 2017. 2.   What are the educational qualifications and experience required for an individual applicant? Ans. An individual shall have the following qualifications and  experiences  to  be eligible for registration: (a)        post-graduate degree or post-graduate diploma, in the specified discipline, from a University or Institute established, recognised or incorporated by law in India and at least three years of experience in the specified discipline thereafter; or (b )       a Bachelor’s degree or equivalent, in the specified discipline, from a University or Institute established, recognised or incorporated by law in India an...