IBBI in its 32nd RVO Meeting requested the RVOs to comply with Clause 9 of the Rules which provide that no individual shall be enrolled as a member if he is not eligible to be a registered valuer with the authority. It was noted that there were some exceptions in this regard for which the RVOs may be guided by the clarification by the Board. In all other cases, if a member who is not eligible to be an RV and still wants to undertake the 50 hours educational course for knowledge accretion, then the RVO shall communicate this to the member in writing through an e-mail, before he is permitted to do the educational course.
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An RV is required to undertake a minimum of 10 credit Hours of CPE in each financial year and a minimum of 48 credit hours of CPE in each rolling block of 3 years. Since, the block for three years is completed on 31 st March, 2023, accordingly after detailed deliberations it was decided that there will be a rolling block of 4 years and RV is required to earn a minimum of 64 credit hours in each block year.