Qualification and experience requirements mentioned in Rule 4 read with Annexure-IV to be come Registered Valuer for the asset class viz. Securities or Financial Assets are:
Experience in Specified Discipline
Member of institute of Chartered Accountants of India, Member of Institute of Company Secretaries of India, Member of the Institute of Cost Accountants of India, Master of Business Administration or Post Graduate Diploma in Business Management (specialisation in finance).
Post Graduate in Finance
NOTE: Members in employment are not eligible to apply.
The educational course for the asset class shall be delivered by the registered valuer organisation in not less than 50 hours. The curriculum is available on IBBI and ICSI RVO website.
A candidate having the required qualification and experience and having completed the education course specified above shall be eligible for registration as a valuer on passing the valuation examination of the asset class conducted by the IBBI.
IBBI either on its own or through a designated agency will conduct a valuation examination for one or more asset class to test the professional knowledge, skills, values and ethics in respect of valuation.
Yes, as per Rule 11 any person who may be rendering valuation services under the Act, on the date of commencement of these rules, may continue to render valuation services without a certificate of registration under these rules up to September 30, 2018.
The IBBI may cancel or suspend the registration of a valuer or recognition of a registered valuers organization for violation of the provisions of the Companies (Registered Valuers and Valuation Rules), 2017.