New Delhi: Following the Central government delegating its power to the Insolvency and Bankruptcy Board of India (IBBI) as the Authority under the Companies (Registered Valuers and Valuation) Rules, 2017, the syllabus for Plant and Machinery, Land and Building, and Securities or Financial Assets Valuation exam syllabus, format and frequency have been revised.
The revised syllabus, format, eligibility and frequency of the Valuation Examinations have been published by the Insolvency and Bankruptcy Board of India (IBBI) on its official website. The revised syllabus will be applicable to all valuation exams conducted after April 1, 2019.
Interested candidates can download the new IBBI Valuation Examination Syllabus in PDF form by clicking here: IBBI Valuation Examination Revised Syllabus.
In the accompanying statement the Ministry of Corporate Affairs said, "The Central Government, vide a notification dated 23rd October, 2017, issued the Companies (Removal of Difficulties) Second Order, 2017 to provide that valuations required under the Companies Act, 2013 shall be undertaken by a person who, having the necessary qualifications and experience, and being a valuer member of a recognised valuer organisation, is registered as a valuer with the Authority", it added.
"Vide another notification on the same date, the Central Government delegated its powers and functions under section 247 of the Companies Act, 2013 to the Insolvency and Bankruptcy Board of India (IBBI) and specified the IBBI as the Authority under the Companies (Registered Valuers and Valuation) Rules, 2017", the ministry said.
The Companies (Registered Valuers and Valuation) Rules, 2017, as amended, require that only a person registered with the IBBI as a registered valuer can conduct valuations required under the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016 with effect from 1stFebruary, 2019.
Subject to meeting other requirements, an individual is eligible to be a registered valuer, if he
(i) is a fit and proper person, (ii) has the necessary qualification and experience, (iii) is a valuer member of a RVO, (iv) has completed a recognised educational course as member of a RVO, (v) has passed the valuation examination conducted by the IBBI, and (vi) is recommended by the RVO for registration as a valuer.
(i) is a fit and proper person,
(ii) has the necessary qualification and experience,
(iii) is a valuer member of a RVO,
(iv) has completed a recognised educational course as member of a RVO,
(v) has passed the valuation examination conducted by the IBBI,
and (vi) is recommended by the RVO for registration as a valuer.
"A partnership entity or a company is also eligible for registration subject to meeting the requirements. A person, who is rendering valuation services under the Companies Act, 2013, may continue to do so without a certificate of registration up to 31st January, 2019", the Ministry said.
"In pursuance of the Rule 5 (3) of the Companies (Registered Valuers and Valuation) Rules, 2017, the IBBI, being the Authority, had published thesyllabus, format and frequency of the Valuation Examination for the Asset Class of ‘Securitiesor Financial Assets’ on 30thDecember, 2017 and for the Asset Classes of (a) Land and Building, and (b) Plant and Machinery on 31st December, 2017 and has been conducting examination since 31st March, 2018", the Ministry said.
For all the latest News, Opinions and Views, download ummid.com App.
Select Language To Read in Urdu, Hindi, Marathi or Arabic.
I am a Salafi, and I am not a terrorist
Slip of tongue, says Ajmal Qasmi; Requests Lok Sabha to expunge Salafi part of his speech
Chinese economy thrives while Uighur Muslims suffer, Indian Muslim weavers struggle
Carrot And Stick Strategy in Kashmir has ended up ‘All Stick And No Carrot'
When Bill Gates regrets introducing PowerPoint to users in India
Cancer detection method of this Muslim scientist and his colleagues is as easy as blood test
Activists say Triple Talaq bill makes Muslim women vulnerable to violence, ask govt to withdraw
Creating A Monster Out Of Muslims For Government's Shortcomings
We Clapped For Modi, Got A Slap In Return: Indian Retailers
Gloomy days ahead for Amazon, Flipkart as new e-commerce rules come into effect on Feb 1
