Ans: An individual who is a Primary Member with RVO; and who
a) Possesses the qualifications and experience as specified in rule 4;
| Asset Class |
Eligibility |
Experience in specified discipline |
|
Qualifications |
|
| Plant and Machinery |
(i) Graduate in Mechanical, Electrical, Electronic and Communication, Electronic and Instrumentation, Production, Chemical, Textiles, Leather, Metallurgy, or Aeronautical Engineering, or Graduate in Valuation of Plant and Machinery or equivalent;
(ii) Post Graduate on above courses
|
(i) Five years
(ii) Three years
|
| Land and Building |
(i) Graduate in Civil Engineering, Architecture, Town Planning or equivalent;
(ii) Post Graduate on above courses and also in valuation of land and building or Real Estate Valuation (a two-year full time post-graduation course).
|
(i) Five years
(ii) Three years
|
| Securities or Financial Assets |
(i) 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).
(ii) Post Graduate in Finance
|
Three years |
b) Is not a minor;
c) Has not been declared to be of unsound mind;
d) Is not an undischarged bankrupt, or has not applied to be adjudicated as a bankrupt;
e) 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 1999 (42 of 1999) as far as it is applicable to an individual;
f) Has not been convicted by any competent court for an offence punishable with imprisonment for a term exceeding six months or for an offence 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 registered;
g) 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 Appellate Tribunal, as the case may be has expired, or such penalty has been confirmed by Income-tax Appellate Tribunal, and five years have and
h) 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-
(i) Integrity, reputation and character,
(ii) Absence of convictions and restraint orders, and
(iii) Competence and financial solvency.
However, an individual shall not be in employment at the time of applying for registration as a valuer
