News Details

  May 18th, 2018
Press Release : Mandatory Education Program (50Hrs)

The way ahead for Valuation Professionals : Mandatory Education Programme


The First Mandatory Education Programme (50hrs) was conducted today by IOV Registered Valuers Foundation at their head-office in New Delhi. M.E.P. is the first of its kind Valuation programme, which has been introduced by the organization and approved by Insolvency and Bankruptcy Board of India. The introductory and orientation session was conducted by Shri Bharat BhushanGoyal (Chairman IOV-RVF), ShriRakesh Singh (Former president Institute of Cost Accountants), Dr. Ashok Nain (Noted Educationist in the field of Valuation) and Shri VinayGoel (Hon. Gen. Secy., Institution of Valuers)


Mr. B.B. Goyal, while addressing a gathering of Engineers, Architects, CAs, CMAs and CS along with other technocrats from all the three classes of assets i.e. Land &Buiding, Plant & Machinery and Financial & Securities Assets, explained the need of this program.  He reiterated that“professionals carrying out asset valuations under Companies Act and Insolvency and Bankruptcy Code will have to get themselves registered with IBBI.” The M.E.P. is just a step in that direction. India has a huge pool of practicing valuersand this is set to grow by leaps and bounds in the coming years. He also informed that IOV is organizing these courses at the behest of IOV-RVF, which is a section 8, not for profit company.


The classes are being conducted for three asset classes in Valuation namely Land & Building, Plant & Machinery and Financial & Securities Assets. These will be conducted all across the country at the centres provided largely by the Institution of Valuers.


Ultimately a new area in education is set to emerge with registered valuers. The registered valuers shall provide better working atmosphere and the profession will be properly regulated for the first time as per the IBBI Rules.


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