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Institution of Valuers

(Registered under The Societies Registration Act XXI of 1860)
IN DI A

4, 5 & 6, Vishal Market, Mukherjee Nagar (West), Delhi 110 009 Telephone Nos. : 27135248 27445169 Telefax : 27445257 E-Mail : indianvaluer@yahoo.com, Web-site : www.institutionofvaluers.net

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. Date of application should always be given on page 1 as well as on page 4. All matter should be type written as far as possible.

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Read the UNDERTAKING on page 1 carefully. If you have any doubts about the following conditions, do not apply. Underline your surname for identification. As per rules of the Institution only one category is allotted. Changes are also not possible. Please indicate your choice of only one category carefully. 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. 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. Ration cards, passport or other forms of birth date proof are not correct and reliable and will not be accepted. 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. 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. You should not send the same document twice or again and again. It increases the filing work unnecessarily. 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.

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be entertained. No enquiries regarding the progress of your application within two months will. therefore. The form has been priced at Rs. 13. No other form either printed of zeroxed will be accepted. 14. Yours faithfully (P.11.C.50/. it has been decided that printed form only will be issued by the Head Quarters. it may mean rejection of your application. you must state the purpose and reasons clearly for your asking a promotion. 12.+ Registered Postage (Rs. Gen. Take care that all documents are provided with the application. The processing of application takes sometime and delay is caused if documents/written information is not provided in time. When applying for up gradation to higher category. I wish you good luck and success. In order to facilitate uniformity in our records and also to make it convenient and facilitate computerization in the very near future. Lot of time is wasted in asking for information and documents. Goel) Hon. Secretary .30/-). Moreover. Clearly state the change in qualification or increased experience which will justify your asking for promotion to a higher grade. Note: Only one category according to qualification will be allotted.

Mechanical. 7 etc. 2.e. 5. Electrical and Mining Engineering or Architecture of a recognized University or hold a Diploma which is recognized equivalent to bachelor of Engineering in any branch of Engineering or Architecture. ASSOCIATES. 3) : A. Precious Stones or Ornaments for a period of not less than ten years. In the case of a Valuers for Tea Estates (Cat. FELLOWS. Precious Stones and Ornaments (Cat. {b}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 year.ABSTRACT FROM THE RULES & REGULATIONS OF THE INSTITUTION OF VALUERS FOR APPLICANTS SEEKING MEMBERSHIP OF INSTITUTION OF VALUERS 1. (V) In the case of an Accountant (Cat. 4) : {a}He must be a Diploma holder in Forestry from a recognized institution.W. 8 ) : (i) The valuer must have been engaged in the business of Jewellery. 2) : {a}The valuer must be a graduate in Agricultural Economics or Agricul tural Science with atleast ten years experience as a Farm Valuer. 3) : {a} 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. or (ii) A tehsildar: or (iii) A Land Valuation Officer: or (iv) A Settlement Officer. and he must have at least ten years experience in the plantation line. 1. and (ii) he must have been in continuous practice as a Chartered Accountant for a period of not less than ten years. (III) In the case of a Specialist in Coffee Plantations (Cat.A.C. The valuer must be the owner or manager of a Coffee Plantation of the size of at least 100 acres. of India. or {b} He should have been in the service of a State Government for a total period of not less than ten years as :(i) An Agricultural Inspector. and (ii) 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. (VI) In the case of a Specialist in Jewellery. i. ELIGIBILITY OF ENROLMENT AS FELLOWS :(I) In the case of Engineer or Architect (Cat. The Licentiates and Students shall not be corporate members of the Institution and shall not be eligible for election to the Council of the Institution and shall not have the right to vote at the meeting of the Institution nor of a postal vote nor they shall be permitted to use any suffix of the Institution but shall be entitled to in other respect to the privileges of the membership. B. 6) : (i) The valuer must be a member of the Institute of Chartered Accountants or I. and {b}he must have at least ten years experience in the plantation line. . (II) In the case of a Specialist in Agriculture and Farm Valuation (Cat . (IV) In the case of a Valuer for Standing Forests (Cat. precious stones or ornaments in each of the last three accounting years. {b} He must have atleast ten years of experience in his own field. LICENTIATES and STUDENTS.) : {a}The valuer must be a graduate in Civil. MEMBERSHIP OF THE INSTITUTION :The Institution shall consist of Four Classes of Members.

11) : (a) He must be graduate in chemistry or chemicals with Technical Education and back ground from a recognized Institution or University. (X) In the case of Valuer for Automobile (Cat. Hyderabad. (ii) He must be member of an Institute of Actuaries which entitles him to act as an Actuary under the Insurance Act. (b) He must have atleast ten years experience in Automobile branch with Government Undertaking or in an important organization. (VIII) In the case of Actuary (Cat. (IX) In the case of Valuer for Chemicals (Cat. 9) : The Valuer must be : (i) A member or an ex-member of the Art Purchase Committee.1938. Computer Technology & Tele-communication Engineering. (XIII)In the case of Electronics. 15) : (a) He must be a graduate in Electronics. 12) : (a) He must be a graduate in Automobile Transportation Highway Engineering from a recognized Institution or University. Indian Museum. 16) : (a) He must be a graduate in Ceramics Technology or Potteries. Kolkata. (XV) In the case of Aeronautical Engineering (Cat. Prince of Wales Museum. 13) : (a) He must be a graduate in Marine from a recognized Institution or University. Mumbai. 10) : (i) The Valuer must be a graduate of recognized University. (b) He must have atleast ten years experience in Chemical branch with Government Undertaking or in an important organization. and (iii)he must have been in practice as an Actuary for not less than ten years. Chennai Museum. 17) : (a) He must be a graduate in Aeronautical Engineering. New Delhi. (b) He must have atleast ten years experience in Marine branch with Government Undertaking or in an important organization. 14) : (a) He must be a graduate in Textile from a recognized Institution or University. (x) Director General or ex-Director General of Archaeology. (b) He must have atleast ten years experience in Aeronautical Engineering. (iv)Director or ex-Director. . (v) Officer-in-charge or Ex-Officer-in-charge. Assistant Director or ex-Assistant Director Salarjung Museum. (XI) In the case of Valuer for Marine (Cat. Computer Technology and Tele-communications (Cat. (b) He must have atleast ten years experience in Textile branch with Government Undertaking or in an important organization. (vii) Superintendent or ex-Superintendent. (b) He must have atleast ten years experience in the three sections stated above. Assistant Director or ex-Assistant Director of National Museum. (ix) Curator or ex-Curator of the National Gallery of Modern Art. (XII)In the case of Valuer for Textile (Cat. New Delhi. Director or ex-Director. (viii) Director or ex-Director. (ii) Principal or ex-Principal of a Government School of Art. (vi) Director or ex-Director. (XIV)In the case of Ceramics Technology and Potteries (Cat. (b) He must have atleast ten years experience in the sections stated above. Superintendent or Ex-Superintendent of Archaeology. (ii) Artist member of ex-Artist Member of the General Council or Fellow of the National Academy of Art (Lalit Kala Academy).(VII) In the case of a Specialist in Works of Art (Cat.

(XVIII) In the case of Leather Technology (Cat. 600.00 600. 18) : (a) He must be a graduate in Metallurgical Engineering. Entrance Fee : US $ 120/Annual Subscription : US $ 120/Transfer fee for higher grade of membership :Rs. (XIX)Valuers approved by the Ministry of Finance under Section (4) of E. at any time.00 600. or Have passed the examination prescribed by the Institution of Valuers.D.(XVI)In the case of Metallurgical Engineering (Cat. 5. 6. ENTRANCE FEE AND SUBSCRIPTION a) The Entrance Fee and Subscription payable by the members will be : Class Entrance Fee 600. or Such other examination as the Council may approve : Who shall in addition satisfy the Council as to their practical experience in Valuation work. (XVII)In the case of Production & Industrial Engineering (Cat. 20) : (a) He must be a graduate in Leather Technology.00 Fellow Associate Licentiate Student    Entrance Fee and Subscription for member residing out of India.00 Annual Subscription 600. (b) He must have atleast ten years experience in Production & Industrial Engineering.00 600.500. COMPOSITION FEES a) Corporate members shall. ELIGIBILITY FOR LICENTIATES Persons who have passed such examination as the Council may approve shall be eligible for Licentiateship and shall be eligible for Associateship after they have passed the examination prescribed by the Institution. New Delhi.00 450. 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 . An Associate shall be eligible for FELLOWSHIP after he has compledted 10 years experience in Valuation work . Act 1953 and under Section 34AB of Amended Wealth Tax Act of 1972 and 1988 provided they are graduate Engineers. 3. 19) : (a) He must be a graduate in Production & Industrial Engineering. (b) He must have atleast ten years experience in Leather Technology. 4.00 600.00 All Subscriptions shall become due and payable on selection and subsequently on the 1st day of January in each year. (b) He must have atleast ten years experience in Metallurgical Engineering. ELIGIBILITY OF ASSOCIATES All the qualifications shall be according to those required for a fellow except the requirement of experience which shall be 5 years instead of 10 years.00 600.00 Reconsideration Fee Rs.

00 23.00 10.00 16.873.313.680.00 11.00 9.00 6.00 9.688.00 12.00 19.438.00 26. b) 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 birthday 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 Amount (Rs.573.00 12.) 18.00 21.00 12.00 5.450.00 3.300.00 2.00 25.738.00 22.725.00 12.00 11.488.00 5.450.475.763.260.00 10.00 10.375.305.00 11.00 11.663.225.985.00 24.00 10.625.00 15.963. the appropriate entrance fee and first year’s subscription shall have to be paid by the member.00 11.825.00 10.00 20.985.00 5. including arrears if any.00 23.813.00 8. 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.150.00 5.00 9.618.063.648.00 11.) 9.200.00 13.768.00 birthday 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 Between 62 and 66 Between 67 and 70 (Rs.875.00 8.) 27. shall pay his/her entrance fee and first year’s subscription along with application for seeking membership.775.840.780.638.00 23.313.00 25.00 7.535.890.birthday 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 (Rs.125.138.513.153.00 7.00 8.113.138. PAYMENT OF ENTRANCE FEE AND SUBSCRIPTION Every person becoming a Fellow of the Institution.998.970.00 The above life membership fee includes the current year membership subscription except First Year Subscription.250.263.335.00 5.00 12.975.00 Age next birthday 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 Between 62 and 66 Between 67 and 70 Amount (Rs.00 4.413.825.00 The above life membership fee includes the current year Membership subscription.000.163.00 6.00 12.00 26.00 17.00 12.275.00 7. 7.00 16.00 22.00 11.00 24.00 2.00 13.885. In addition to the above composition fee for life.288.00 4.788.00 22.625.323.575.138.750.00 6.635.550.900.613.00 20.00 14.388.100.00 24.00 8.00 21.500.) 13. 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 .368.660.00 26.00 18.310.00 3.650.00 13.00 11.950.

e. The Licentiate cannot practice as an Independent Valuer being a non corporate member.after becoming the Life Member.I. 1st years subscription of Rs.V. Fellow and Associates of the Institution may also use additional suffix i. in which case the subscription shall be deemed to be paid in respect of the ensuing year. 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.(i.December.e. Rs. one is required to pay life membership fee besides entrance fee of Rs.600/.V. .600/-. first year’s subscription along with life membership fee.1200/-). NOTE : In order to become licentiate member of this Institution. Licentiate will not be entitled to receive any membership certificate or any Life Member card. 8. 9. All the certificates and Life Member cards are the property of Institution and must be returned as and when membership ceases. but no suffix may be used unless and until notice of such approval by the Council has been given. INDICATION OF CORPORATE MEMBERSHIP Each Corporate Member shall be entitled to affix to his name the following initial letters to indicate his membership of the Institution : A Fellow may Affix F. The Council may from time to time approve further suffixes and shall give notification thereof to the Corporate Members. 250/. An Associate may affix A.I. APPROVED VALUER after getting permission from the Council of the Institution on payment of Rs. 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.

.......... Dated ....) Category ............................. 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...600/Total amount payable Rs..... 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............. Mukherjee Nagar (West)........ ASSOCIATE OR LICENTIATE OR FOR TRANSFER TO A HIGHER GRADE 1............... I also UNDERTAKE to abide by the professional conduct rules and/or Code of Ethics that the Council may frame from time to time............................ in the event of my election/selection as a Fellow/ Associate/Licentiate....... I.............. Approved by Council as FELLOW / ASSOCIATE / LICENTIATE (CLASS OF ASSET................institutionofvaluers.............. 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.......... 5 & 6.......Application will not be considered without the photograph and the attested copies of testimonials I........................................... N.................................... I UNDERTAKE that I will promote the objects of the Institution as far as may be in my power.... I will withdraw in writing myself as APPROVED VALUER..........1200/........... To the Council of the Institution of Valuers Name (Surname First) & address should be in BLOCK LETTERS................................................................... .............. 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............. Chairman Council Certificate of Membership sent on ...................... {Accountant} {Secretary} FOR OFFICE USE Received by the Office on ...........PinCode........ 1......Receipt No................................... 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....... UNDERTAKING I the undersigned do hereby promise that................. : Rs........ 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..year.....com .........600/Annual Sub............. I also accept that I will demand the Certificate of Membership and Life Membership Card only after becoming life member of the Institution...................Address...................... Type or fill all columns in capital letters 2..............Institution of Valuers IN DI A Cost of Form : Rs.. with Rs..... Further.................son/daughter of ..B...................... In case transfer to a higher grade.............................. 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.. ...... Telefax : 27445257 E-Mail : indianvaluer@yahoo............ I also UNDERTAKE that the Institution is entitled to recover the current year subscription............... 50/Entrance fee : Rs.......... Enclose a draft of Rs... year . and name of state must be mentioned in the address........... I will pay the current subscription and arrears..............by .... Pine Code No....................... Web-site : www............... Deferred or Declined on ... I shall (after complying with this UNDERTAKING) be free from the foregoing obligations............. 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.................. the Council have declared me to be no longer a Member of the Institution............ on receipt of a notice from Secretary that.............................drawn in favour of Institution of Valuers Payable at Delhi/New Delhi...... acting under powers conferred upon them by the bye-laws and regulations........600/- Received Rs................... :...... .......................net APPLICATION FOR FELLOW......... year ........... Vide Receipt No... ................ Approved in the.. ........... ... : 27135248 27445169............. I will be governed by the bye-laws and regulations of the Institution as they now are........... No.......... at ......... day of ......................... 3.....1250/- (Registered under The Societies Registration Act XXI of 1860) 4................. Signature of the Applicant ...................... Vishal Market................... Registration Number Signature........................ append hereto a full and accurate statement of my qualifications and experience....................................... I............................ mention ‘ Transfer to a Higher Grade’ on top of the application...................................1200/.Council Meeting held on ............. Witness my hand this .............. year .. Enclose a draft of Rs............ or as they may hereafter be altered and that............................ Delhi 110 009 Telephone Nos...................................State................................

Fax No........................................ .................................................................................... Phone : (Residence) ............................................................................................. State : .......................... NAME & ADDRESS (in Block Letters) SUPPORTERS MEMBERSHIP NO............................................................................................................. PERMANENT ADDRESS ............... F/A ............................................................................................................................................................................................................................ F/A ................................. E-Mail : . F/A .................................... recommend .....................Demand Draft should be drawn in favour of the INSTITUTION OF VLUERS and crossed............. ............. ...................................................................................................................... Pin Code ........................................................................................................................ The amount shall be refunded in the event of the application being refused after deducting Rs..............................................................................................................................................................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................................................... (Use CAPITAL LETTERS) Name (Surname first) : .. ................................... ............................................................................................................. ...... Mobile : ................................................................................ State:...................................................500/..... 2..................................................................................................................... ........... ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ Phone : (Office) ........................................................... We the undersigned.............as incidental charges.................................. Pin Code : ................ ....... ............................................................................................................................ ............... ......................... ................................................................................................ SIGNATURE Fix here your passport size photograph : : : : .............. Father’s Name Date of Birth Nationality Present Occupation PRESENT ADDRESS ................................................ Our initials against items of information in this application indicate that we confirm such information from our personal knowledge..... ......... 1........ Age : ...... 3......... .............................................................................................................................................................

{2} Agricultural lands (other than coffee. {16} {17} Computer technology including electronics and telecommunication engineering. 1 to 5 above and 7 to 20 belows. yarns and fabrics). reversions and interest in expectancy. mines and quarries) but including foundations. Coffee plantation. rubber plantation and cardamom plantation. shares debentures. securities. Electrical . Marine (ship. {15} {5} {6} Mines and quarries. {10} {11} {12} {3} {13} {14} {4} {7} {18} {19} {8} Not : only one category according to qualifications will be allotted Give date for all items Initials of persons verifying each statement STATEMENT OF QUALIFICATION To be filled in as far as possible by the applicant 4. Chemical Engineering).The recompense’s signature should be those of a Corporate Member of the Institution who must sign from personal knowledge of the Candidate. Stocks. sites and other objects. structural engineering. Life interest. and signed by at least three sponsors. 3. Forests. Machinery and Plant (Mechanical. Jewellery. Metallurgical engineering and engineering materials. may be forwarded to the Secretary of the Institution. forests. soil mechanics. Examinations Passed (Please attach copies of Certificates attested by a Supporter or a Gazetted Officer with his Seal) General : (Non-Technical) Name of Examinations Passed Examining authority Year of passing . and in confirmation of the statements made by the Candidate in this Application. rubber and cardamom plantations). shares in partnership firms and of business assets including goodwill but excluding those referred to in items No. plantations. boats of all types). Automobile including transportation and highway engineering. This Form. IT MUST BE ACCOMPANIED BY ALL THE ATTESTED COPIES OF TESTIMONIALS as to character and competence. tea plantation. after being duly filled in. {9} Works of art including archaeological buildings. Aeronautical Engineering including various types of aeroplanes. {20} Leather Technology. Ceramics technology & Potteries. Textile (all types of fibers. 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. Chemicals (for all types of chemical). public health engineering and water technology. tea. Production engineering and industrial engineering.

State name and address of your Employers and the precise position you held 9.5. Valuation works with which the Candidate has been connected and the position held by him in connection with each Position held 8. Examinations (State the most important Examinations passed excluding those mentioned in Sections 4 and 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.

....... State................................................................................................................................. Qualification initials ......... Details if appointed as Valuer by Ministry of Finance (Govt.................... Particulars for publication in Green Book whenever published (Particulars should be given in BLOCK LETTERS only) Fellow/Associate/Licentiate No.............................Date................................. .................10........................... (Singnature of the Candidate)................................................................................................................................... of India or Chief Commissioner of Income-tax) {1} Number and date of Notification/Letter {2} Valid upto {3} Category Note : I have studied the rules and regulations of the Institution before signing this application................................................ 13.......................................................(Residence)...... Solemnly confirm and declare that the particulars given in the above application are true to the best of my knowledge and belief...................................... Telephone Nos................... Category....... (Office)........ Titles and Degrees held by the candidate 11 Membership of other professional Institutions 12....son of.................................................................Pin Code No.. Complete address............................................................................................................. Name (Surname first) ............................ ....................................................................... (who must also sign the Undertaking on page 1) ......................................... Fax No.................................................................................... is to be given)....................................... (only one address ........ E-Mail :................................. I......................................................................................

...........5 & 6 Vishal Market...... Towards corpus fund for (Life Member) for utilisation by Institution of Valuers....................................................................................................................................... Signed ............................ 4 ...................................................................................................... Contact: Institution of Valuers.............................................................................. Address ... India Phone: 011-27135248 011-27445169 011-27445257 ..........................................................CONTRIBUTION TOWARDS CORPUS FUND (Corpus Fund for life member only) THE INTITUTION OF VALUERS I/We ................. Delhi-110009..................... ....................................................... Would like to contribute ......... .............................. ...... Mukharjee Nagar(West).....