Insolvency Bankruptcy Board of India (IBBI) has published syllabus and other details of educational courses and valuation examinations
Under Section 247 of the Companies Act, 2013 wherever a valuation is required with respect to the assets or liabilities of a company it shall be valued by prescribed valuers. Subsequently, the Companies (Registered Valuers and Valuation) Rules, 2017 has also been notified.
The Central Government has 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 under which the valuer is required to be registered.
Notifications issued in this respect require that with effect from 1st April, 2018, for conducting valuations required under the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016, a person is to be registered with the IBBI as a registered valuer. For registering with IBBI, a person must have necessary qualification and experience, has to be enrolled as a valuer member with a Registered Valuer Organisation (RVO), has to complete a recognised educational course conducted by the RVO, and pass valuation examination conducted by IBBI. 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 March, 2018.
It is a pre-requisite before registering with the IBBI that the valuer must fulfil four pre-requisite conditions of:
a. Must have necessary qualification and experience
b. Enrolled as a valuer member with a Registered Valuer Organisation (RVO)
c. Complete a recognised educational course conducted by the RVO
d. Pass valuation examination conducted by IBBI
In pursuance to the Companies (Registered Valuers and Valuation) Rules, 2017, IBBI, being the Authority, recognised on 27th December, 2017 two RVOs, namely,
IBBI has also being the Authority, published the syllabus, format and frequency of the valuation examination for the Asset Class of ‘Securities or Financial Assets’ on 30th December, 2017. It has published today such details for the Asset Classes of (a) Land and Building, and (b) Plant and Machinery. A person wishing to be a valuer needs to pass this valuation examination.
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please give me details of ibbi registered valuer exam 2018 and provid study course.
thanks