Eligibility

    Eligibility for registered valuers.
  1. A person shall be eligible to be a registered valuer if he-
    1. is a valuer member of a registered valuers organisation; Explanation.─ For the purposes of this clause, "a valuer member" is a member registered valuers organisation who possesses the requisite educational qualifications and experience for being registered as a valuer;
    2. is recommended by the registered valuers organisation of which he is a valuer member for registration as a valuer;
    3. has passed the valuation examination under rule 5 within three years preceding the date of making an application for registration under rule 6;
    4. possesses the qualifications and experience as specified in rule 4;
    5. is not a minor;
    6. has not been declared to be of unsound mind;
    7. is not an undischarged bankrupt, or has not applied to be adjudicated as a bankrupt;
    8. is a person resident in India;
      Explanation.─ For the purposes of these rules 'person resident in India' shall have the same meaning as defined in clause (v) of section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999) as far as it is applicable to an individual;
    9. has not been convicted by any competent court for an offence punishable with imprisonment for a term exceeding six months or for an offence involving moral turpitude, and a period of five years has not elapsed from the date of expiry of the sentence:
      Provided that if a person has been convicted of any offence and sentenced in respect thereof to imprisonment for a period of seven years or more, he shall not be eligible to be registered;
    10. has not been levied a penalty under section 271J of Income-tax Act, 1961 (43 of 1961) and time limit for filing appeal before Commissioner of Income-tax (Appeals) or Income-tax Appellate Tribunal, as the case may be has expired, or such penalty has been confirmed by Income-tax Appellate Tribunal, and five years have not elapsed after levy of such penalty; and
    11. is a fit and proper person:
      Explanation.─ For determining whether an individual is a fit and proper person under these rules, the authority may take account of any relevant consideration, including but not limited to the following criteria-
      1. integrity, reputation and character,
      2. absence of convictions and restraint orders, and
      3. competence and financial solvency.
  2. No partnership entity or company shall be eligible to be a registered valuer if-
    1. it has been set up for objects other than for rendering professional or financial services, including valuation services and that in the case of a company, it is not a subsidiary,joint venture or associate of another company or body corporate;
    2. it is undergoing an insolvency resolution or is an undischarged bankrupt;
    3. all the partners or directors, as the case may be, are not ineligible under clauses (c), (d), (e), (g), (h), (i), (j) and (k) of sub-rule (1);
    4. three or all the partners or directors, whichever is lower, of the partnership entity or company, as the case may be, are not registered valuers; or
    5. none of its partners or directors, as the case may be, is a registered valuer for the asset class, for the valuation of which it seeks to be a registered valuer.
    Qualifications and experience.
    ─ An individual shall have the following qualifications and experience to be eligible for registration under rule 3, namely:-
  1. 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
  2. a Bachelor's degree or equivalent, in the specified discipline, from a University or Institute established, recognised or incorporated by law in India and at least five years of experience in the specified discipline thereafter; or
  3. membership of a professional institute established by an Act of Parliament enacted for the purpose of regulation of a profession with at least three years' experience after such membership and having qualification mentioned at clause (a) or (b).
    Explanation-I.─ For the purposes of this clause the 'specified discipline' shall mean the specific discipline which is relevant for valuation of an asset class for which the registration as a valuer or recognition as a registered valuers organisation is sought under these rules. Explanation-II.─ Qualifying education and experience and examination or training for various asset classes, is given in an indicative manner in Annexure–IV of these rules.

Course Fees

  • Application Fees : Rs. 2500/- + 18% GST
  • 50 hr Training Course Fees : Rs.25000/- + 18% (GST)
  • Study Material charges : Rs.5000/- + 18%(GST)
Bank Account Details
Name Kotak Mahindra Bank Ltd
Branch Mulund (West)
Account No 8612137824
Account Type Current A/c
IFSC Code KKBK0000642
Name of the Beneficiary CVSRTA Registered Valuers Association
GST No 27AAHCC5980F1ZG

Schedule of Training

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