1. Please read carefully the instructions given right on top of the form regarding filling your application form.

Transcription

1 Institution of Valuers (Registered under The Societies Registration Act. XXI of 1860) Plot No. 3, Parwana Road, Adjacent to Bal Bharti Public School, Pitampura, Delhi Telephone Nos. : / 56 / 57 indianvaluers@iov.co.in, Website : Dear Applicant, So you have decided to become a Valuer. Congratulations! However, you should be prepared to learn many new things connected with economical, legal, financial and technical practices, as related to valuation. The following instructions for filling your application are based on our long experience of going through hundreds of applications every month. Correct filling of enclosed form will facilitate the processing of your application in a shorter time and save you from writing many letters to satisfy enquiries made from this end : 1. Please read carefully the instructions given right on top of the form regarding filling your application form. {a} Fill in every column. No column is to be left blank. In case there is nothing to fill, write suitable remarks. Incomplete filled in applications will be rejected. {b} Date of application should always be given on page 1 as well as on page 4. {c} All matter should be type written as far as possible. 2. Read the UNDERTAKING on page 1 carefully. If you have any doubts about the following conditions, do not apply. 3. Underline your surname for identification. 4. As per rules of the Institution only one category is allotted at a time. For second category one is to pay Rs. 20,000/- (add 18% GST) for additional category. 5. You must be a graduate for Categories I & VII and suitably qualified for other categories to become a corporate member. It is absolutely essential to provide an attested Photostat copy of the genuine University Degree. Certificates or Marks Sheets are not accepted. Be sure to send this document with your application. Do not send Marks Sheets or Certificates as substitute for the Degree. 6. Send a proof of your date of birth. This should be either your High School certificate showing your date of birth or a local Municipal birth certificate. Pan card, passport or other forms of birth date proof are not correct and reliable and will not be accepted. 7. Your application will not be considered without the two documents stated above namely copy of Engineering Degree and proof of date of birth. It is your job to supply these copies. In the absence of these your application will be considered incomplete and rejected. P.T.O.

2 8. Any certificate or document enclosed with your application should be properly folded to one size and attached at the end of the application. These should not be put between the pages of the application. A list of documents provided should be given in a covering letter for proper identification. Do not use different inks or other colours in your application. The papers should not be stitched, but may be tied by a twine if necessary. 9. You should not send the same document twice or again and again. It increases the filing work unnecessarily. 10. Send clear and readable copies of the documents. It is your duty to do so. The documents should be in English. Date of birth should be shown in Gregorian calendar. Unreadable or not clear documents will mean rejection of your application. It is not possible to write a letter for small omissions. 11. Lot of time is wasted in asking for information and documents. Take care that all documents are provided with the application. 12. The processing of application takes sometime and delay is caused if documents/written information is not provided in time. No enquiries regarding the progress of your application within two months will, therefore, be entertained. Moreover, it may mean rejection of your application. 13. When applying for up gradation to higher category, you must state the purpose and reasons clearly for your asking a promotion. Clearly state the change in qualification or increased experience which will justify your asking for promotion to a higher grade. 14. On selection please indicate if you want the Indian Valuer magazine in soft copy or hard copy so that the same can be arranged as per your choice. 15. The decision of the Council shall be final and binding. 16. The Council shall have right to cancel or suspend the membership without assigning any reason. 17. In case of any legal disputes with the Institution of Valuers, all matters/disputes are subject to the exclusive jurisdiction of District Court, Delhi only. 18. As per the recent government notification, GST has become applicable on all payments to Institution. At present it is 18% on all payments as payable to the Institution for the membership and other such transactions. I wish you good luck and success. Yours Sincerely (Vinay K. Goel) Hony. Gen. Secretary

3 ABSTRACT FROM THE RULES & REGULATIONS OF THE INSTITUTION OF VALUERS FOR APPLICANTS SEEKING MEMBERSHIP OF INSTITUTION OF VALUERS 1. MEMBERSHIP OF THE INSTITUTION :- The Institution shall consist of members in the following orders : Honorary, Corporate and Non-Corporate. The Honorary Member shall comprise the class of Honorary Fellows. Corporate Members shall comprise the classes of Fellows, Associates and Non- Corporate Members shall comprise the classes of Licentiates and Student Members. 2. ELIGIBILITY OF ENROLMENT AS FELLOWS :- Every candidate for election as a Fellow or for transfer to the class of Fellow must not be less than 35 years of age; and (I) In case of Engineer, Surveyor or Architect :- (iv) (v) (II) The valuer must either be a graduate in Civil, Mechanical, Electrical, and Mining Engineering, or Architecture of a recognised University, or, have passed Level I and Level II of the Institution Examination prescribed by the Council, or, have passed Section-A and Section-B examination of The Institution of Engineers (India), or be a member of a recognised Institute of Engineers, Architects, Surveyors or School of Mines by passing the requisite examination conducted by that Institute for the purpose of its membership; the membership of which is recognised as sufficient qualification for the purposes of recruitment to superior posts and services under the Central Government and shall have to pass two papers on valuation and / or any other subjects in the examination conducted by Institution of Valuers as suggested by the Council from time to time and He must have been in practice as valuer not less than ten years from the date of his obtaining the requisite educational qualification to become Fellow In the case of Specialist in Agriculture and Farm Valuation : The valuer must be graduate in Agricultural Economics or Agricultural Science with atleast ten years experience as a Farm Valuer. He should have been in the service of a State Government for a total period of not less than ten years as (iv) An Agricultural Inspector; or A Tehsildar; or A Land Valuation Officer; or A Settlement Officer. (III) In the case of a Specialist in Coffee Plantation : The Valuer must be the owner or manager of a Coffee Plantation of the size of at least 100 acres; and He must have at least ten years experience in the plantation line. (IV) In the case of an Accountant : The valuer must be a member of the Institute of Chartered Accountants or I.C.W.A. of India; and (V) (VI) He must have been in continuous practice as a Chartered Accountant for a period of not less that ten years. In the case of a Specialist in Jewellery, Precious Stones and Ornaments : The valuer must have been engaged in the business of Jewellery, precious Stones or Ornaments for a period of not less than ten years; and His business or the business in which he is a partner must have had an annual turnover of not less than rupees one lakh in jewellery, precious stones or ornaments in each of the last three accounting years. In the case of a Specialist in Works of Art : The Valuer must be : A member or an ex-member of the Art Purchase Committee. (iv) (v) (vi) Principal or ex-principal of a Government School of Art. Artist member or ex-artist Member of the General Council of Fellow of the National Academy of Art (Lalit Kala Akadami). Director or ex-director, Assistant Director or ex-assistant Director of the National Museum, New Delhi. Officer-in-charge or ex-officer-in-charge, Director or ex- Director, Assistant Director or ex-assistant Director, Salarjung Museum, Hyderabad. Director or ex-director, Prince of Wales Museum, Bombay. (vii) Superintendent or ex-superintendent, Madras Museum. (viii) Director or ex-director, Indian Museum, Calcutta. (ix) (x) Curator or ex-curator of the National Gallery of Modern Arts, New Delhi. Director General or ex-director General of Archaeology, Superintendent or ex-superintendent or Archaeology. (VII) In the case of an Actuary : The Valuer must be a graduate of recognised University, He must be a member of an Institute of Actuaries which entitles him to act as an Actuary under the Insurance Act, 1938 and He must have been in practice as an Actuary for not less than ten years. (VIII) In the case of a Valuer for Tea Estates : He should be the owner or Manager of a tea plantation of the size of at least 100 acres which has a factory for manufacturing tea, and He must have at least ten years experience in the plantation line. (IX) In the case of a Valuer for Standing Forests : He must be a Diploma holder in Forestry from a recognised institution. He should have been in the service of a State or the Central Government as a Gazetted Forest Officer for a period of not less than ten years. (X) In the case of Valuer for Chemical : He must be a graduate in Chemical with Technical Education and background from a recognised Institution or University. He must have atleast 10 years experience in Chemical branch with Government Undertaking or in a important organisation. (XI) In the case of Valuer for Automobile : He must be a graduate in Automobile from a recognised Institution or University; He must have atleast 10 years experience in Automobile branch with Government Undertaking or in an important Organisation. (XII) In the case of Valuer for Marine : He must be a graduate in Marine from a recognised Institution or University; He must have atleast 10 years experience in Marine branch with Government Undertaking or in an important organisation. (XIII) In the case of Valuer for Textile : He must be a graduate in Textile from a recognised Institution or University; He must have atleast 10 years experience in Textile branch with Government Undertaking or in an important organisation. (XIV) In the case of Electronics, Computer Technology and Tele-communications He must be a graduate in Electronics, Computer Technology & Tele-communication Engineering He must have atleast 10 years experience in the three sections stated above.

4 (XV) In the case of Ceramics Technology and Potteries : He must be a graduate in Ceramics Technology or Potteries. He must have atleast 10 years experience in the sections stated above. (XVI) In the case of Aeronautical Engineering : He must be a graduate in Aeronautical Engineering. He must have atleast 10 years experience in Aeronautical Engineering. (XVII) In the case of Metallurgical Engineering : He must be a graduate in Metallurgical Engineering. He must have atleast 10 years experience in Metallurgical Engineering. (XVIII) In the case of Production & Industrial Engineering: He must be a graduate in Production & Industrial Engineering. He must have atleast 10 years experience in Production & Industrial Engineering. (XIX) In the case of Leather Technology: (XX) He must be a graduate in Leather Technology. He must have atleast 10 years experience in Leather Technology. Valuers appointed by Ministry of Finance : Repealed (XXI) In case of a post-graduate in valuation from a recognised university : The valuer must be a post-graduate in valuation of real estate / plant & machinery of a recognised University, and He must have been in practice as valuer not less than ten years. 3. ELIGIBILITY OF ASSOCIATES :- Every candidate for election as an Associate or for transfer to the class of Associate:- Age - No Age Bar; and must possesses educational qualification as prescribed for Fellow membership or such other qualification as the Council may approve from time to time and must have been in practice as valuer not less than five years provided that in the case of a person passing Level - I and Level - II of the Institution Examination prescribed by the Council or possessing a post-graduate degree in valuation from a recognised university, the provisions of this sub-rule shall have effect as if for the words "five years", the words "two years" had been substituted. 4. ELIGIBILITY FOR LICENTIATES :- Every candidate for election as an Licentiate or for transfer to the class of Licentiate:- must not be less than 19 years of age; and must be a diploma holder in Engineering, Surveying or Architecture or must have passed such examination as the Council may accept as equivalent or must possesses educational qualification as prescribed for fellow membership or such other qualification as the Council may approve from time to time. 5. ELIGIBILITY FOR ENROLMENT AS STUDENTS :- Every candidate for election as a Student member :- must not be less than 18 years of age; and must possesses an educational qualification recognised by the Council to be elected as a Student. 6. ENTRANCE FEE AND SUBSCRIPTION :- The Entrance Fee and Subscription payable by the members will be : Class Entrance Annual Fee Subscription Fellow Associate Licentiate Student Entrance Fee and Subscription for member residing out of India. Entrance Fee : US $ 250/- Annual Subscription : US $ 250/- (c) Transfer fee for higher grade of membership :Rs (d) Reconsideration Fee Rs All Subscriptions shall become due and payable on selection and subsequently on the 1 st day of January in each year. Note : Please add 18% GST as per point no. 18 of page no COMPOSITION FEES :- Corporate members shall, at any time, have the option of becoming Corporate member for life on payment in lump sum amount detailed below according to his age on next birthday : Age Next Amount Age next Amount birthday (Rs.) birthday (Rs.) The above life membership fee includes the current year membership subscription except First Year Subscription. Note : Please add 18% GST as per point no. 18 of page no. 2. Members residing outside India can also become Life Member on payment in lump sum amount detailed below according to his age on the next birthday : Age Next Amount Age next Amount birthday (Rs.) birthday (Rs.) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Between 62 and 66 Between 67 and 70 above Between 62 and 66 Between 67 and 70 above 70 13, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , The above life membership fee includes the current year Membership subscription. Note : Please add 18% GST as per point no. 18 of page no. 2.

5 In addition to the above composition fee for life, the appropriate entrance fee and first year s subscription shall have to be paid by the member, including arrears if any. Subscription for life shall be exclusive of any arrears of subscriptions that corporate members may owe to the Institution at the time of their tendering subscription for life and such arrears shall be paid at the same time. 8. PAYMENT OF ENTRANCE FEE AND SUBSCRIPTION :- Every person becoming a Fellow of the Institution, shall pay his/her entrance fee and first year s subscription along with application for seeking membership, such subscription shall be considered as paid only upto the 31st December following except in the case of those elected in the month of November and December, in which case the subscription shall be deemed to be paid in respect of the ensuing year. Person elected between the 30th Day of June and the Ist day of November in any year shall pay half year s subscription for the current year. 9. INDICATION OF CORPORATE MEMBERSHIP :- Each Corporate Life Member shall be entitled to affix to his name the following initial letters to indicate his membership of the Institution : A Fellow life member may Affix F.I.V. An Associate life member may affix A.I.V. Fellow and Associates of the Institution may also use additional suffix i.e. APPROVED VALUER after getting permission from the Council of the Institution on payment of Rs. 400/- after becoming the Life Member. 10. CERTIFICATES :- The membership certificate and life member card shall be given to each corporate Life Member after he has been duly elected and had paid his entrance fee, first year s subscription along with life membership fee. All the certificates and Life Member cards are the property of Institution and must be returned as and when membership ceases. Licentiate will not be entitled to receive any membership certificate or any Life Member card. The Licentiate cannot practice as an Independent Valuer being a non corporate member. NOTE : In order to become licentiate member of this Institution, one is required to pay life membership fee besides entrance fee of Rs. 1200/-, 1st years subscription of Rs. 1200/- (i.e. Rs. 2400/-) + GST.

6 Institution of Valuers (Registered under The Societies Registration Act XXI of 1860) Plot No. 3, Parwana Road, Adjacent to Bal Bharti Public School, Pitampura, Delhi Telephone Nos. : / 56 / 57 indianvaluers@iov.co.in, Website : APPLICATION FOR FELLOW, ASSOCIATE AND LICENTIATE OR FOR TRANSFER TO A HIGHER GRADE Cost of form : Rs. 100/- Entrance fee : Rs. 1200/- Annual Sub. : Rs. 1200/- Amount payable Rs. 2500/- Add 18% Rs. 450/- Total amount payable Rs. 2950/- 1. Type or fill all columns in capital letters 2. Enclose a draft of Rs. 2950/- drawn in favour of Institution of Valuers Payable at Delhi/ New Delhi. 3. In case transfer to a higher grade, mention Transfer to a Higher Grade on top of the application. Enclose a draft of Rs. 1534/- FOR OFFICE USE Received Rs... Vide Receipt No.... Dated... {Accountant} Received by the Office on... year... with Rs. 2950/- by...receipt No... Approved in the...council Meeting held on... at... Approved by Council as FELLOW / ASSOCIATE / LICENTIATE (CLASS OF ASSET...) Category... Registration Number Signature... Deferred or Declined on... year... Chairman Council No. Certificate of Membership sent on... year To the Council of the Institution of Valuers Name (Surname First) & address should be in BLOCK LETTERS. Pine Code No. and name of state must be mentioned in the address. N.B. :- Application will not be considered without the photograph and the attested copies of testimonials I... Son/ daughter of...address Pin Code...State... desire to be admitted to the Institution of Valuers as a Fellow/Associate/Licentiate or for any category mentioned above for which the Council thinks me eligible in accordance with the bye-laws as they now stand or as they hereafter be altered. I. append hereto a full and accurate statement of my qualifications and experience. UNDERTAKING I the undersigned do hereby promise that, in the event of my election/selection as a Fellow/ Associate/Licentiate, I will be governed by the bye-laws and regulations of the Institution as they now are, or as they may hereafter be altered and that, I will accept as final and binding the decisions of the Council in all matters dealt with by them in accordance with the provisions to the bye-laws and regulations and will forthwith cease to describe myself as a Member or to designate myself as belonging to the Institution in any other form, on receipt of a notice from Secretary that, acting under powers conferred upon them by the bye-laws and regulations, the Council have declared me to be no longer a Member of the Institution. I UNDERTAKE that I will promote the objects of the Institution as far as may be in my power. I also UNDERTAKE to abide by the professional conduct rules and/or Code of Ethics that the Council may frame from time to time. I, further UNDERTAKE that in the event of my desire to resign from my membership of the Institution or if I am expelled from the Membership of the Institution, I will pay the current subscription and arrears, if any due against me and return to the Institution its Membership Certificate and Life Membership Card in case of Life Membership issued to me, provided that on signifying in writing to the Honorary General Secretary for the time being such desire to resign from the Institution or expelled from the membership of the Institution, I shall (after complying with this UNDERTAKING) be free from the foregoing obligations. I also UNDERTAKE that the Institution is entitled to recover the current year subscription, arrears of subscription if any or other dues from me though Delhi Court of Law and I will be responsible to pay the cost of expenses incurred in this respect by the Institution. I accept responsibility for the accuracy of the particulars contained in this application with regard to my qualifications and experience and agree that if I am elected the validity of my election shall depend upon the accuracy of such particulars as required by the bye-laws of the Institution. I also accept that I will demand the Certificate of Membership and Life Membership Card only after becoming life member of the Institution. Further, I also agree that I will not write myself as Approved Valuer without the prior permission of the Council of the Institution and in the event of my membership ceases. I will withdraw in writing myself as APPROVED VALUER. Witness my hand this... day of... year... Signature of the Applicant... Demand Draft should be drawn in favour of the INSTITUTION OF VALUERS payable at DELHI. The amount shall be refunded in the event of the application being rejected after deducting Rs. 500/- as incidental charges.

7 Fix here your Passport size Photograph (Use CAPITAL LETTERS) Name (Surname first) : Father s Name :... Date of Birth :... Age :... Nationality :... Present Occupation :... PRESENT ADDRESS Pin Code :...State :... Phone : (Residence)... Phone : (Office)... Mobile : PERMANENT ADDRESS... Pin Code... State... We the undersigned, recommend...as in every respect a proper person to become a Fellow/Associate/Licentiate of the Institution provided he passes the qualifying examination or has gained exemption there from. Our initials against items of information in this application indicate that we confirm such information from our personal knowledge. NAME & ADDRESS SUPPORTERS SIGNATURE (in Block Letters) MEMBERSHIP NO F/A F/A F/A The recompense s signature should be those of a Corporate Member of the Institution who must sign from personal knowledge of the Candidate. This Form, after being duly filled in, and signed by at least three sponsors, may be forwarded to the Secretary of the Institution. IT MUST BE ACCOMPANIED BY ALL THE ATTESTED COPIES OF TESTIMONIALS as to character and competence, and in confirmation of the statements made by the Candidate in this Application. 3. CLASS OF ASSETS to which applicant is a valuer (Delete other classes of assets which are not applicable to you) {1} Immovable property (other than agricultural lands, plantations, forests, mines and quarries) but including foundations, soil mechanics, structural engineering, public health engineering and water technology. {2} Agricultural lands (other than coffee, tea, rubber and cardamom plantations). {3} Coffee plantation, tea plantation, rubber plantation and cardamom plantation. {4} Forests. {5} Mines and quarries. {6} Stocks, shares debentures, securities, shares in partnership firms and of business assets including goodwill but excluding those referred to in items No. 1 to 5 above and 7 to 20 bellows. {7} Machinery and Plant (Mechanical/ Electrical/ Chemical Engineering). {8} Jewellery. {9} Works of art including archaeological buildings, sites and other objects. {10} Life interest, reversions and interest in expectancy. {11} Chemicals (for all types of chemical). {12} Automobile including transportation and highway engineering. {13} Marine (ship, boats of all types). {14} Textile (all types of fibers, yarns and fabrics). {15} Computer technology including electronics, telecommunication engineering and Instrumentation {16} Ceramics technology & Potteries. {17} Aeronautical Engineering including various types of aeroplanes. {18} Metallurgical engineering and engineering materials. {19} Production engineering and industrial engineering. {20} Leather Technology.

8 4. Give date for all items STATEMENT OF QUALIFICATION To be filled in as far as possible by the applicant Examinations Passed (Please attach copies of Certificates attested by a Supporter or a Gazetted Officer with his Seal) General : (Non-Technical) Initials of persons verifying each statement Name of Examinations Passed Examining authority Year of passing 5. Technical Education (Please attach copies of Certificates attested by a Supporter or a Gazetted Officer with his Seal) Name of Examinations Passed Branch Examining authority Name of the College/Institution/ University Year of passing 6. Training in Valuation Work (Attach a separate sheet if space is not sufficient) (In case of no experience-state nil) 7. Valuation works with which the Candidate has been connected and the position held by him in connection with each Position held

9 8. State name and address of your Employers and the precise position you held 9. Examinations (State the most important Examinations passed excluding those mentioned in Sections 4 and 5) 10. Titles and Degrees held by the candidate 11. Membership of other professional Institutions 12. Particulars for publication in Green Book whenever published (Particulars should be given in BLOCK LETTERS only) Fellow/Associate/Licentiate No.... Category... State... Name (Surname first)... Qualification initials... Complete address (only one address is to be given) Pin Code No....Telephone Nos. (Office)...(Residence)... Mobile No Details if appointed as Valuer by Ministry of Finance (Govt. of India or Chief Commissioner of Income-tax) {1} Number and date of Notification/Letter {2} Valid upto {3} Category 14. Do you want the monthly magazine Hard copy (Note : Please select only one option) Soft copy Note : I have studied the rules and regulations of the Institution before signing this application. I...son of... Solemnly confirm and declare that the particulars given in the above application are true to the best of my knowledge and belief. (Signature of the Candidate)... Date :... (who must also sign the Undertaking on page 1)