Cost of Form : Rs.

100/-
Entrance fee : Rs. 1200/-
Annual Sub. : Rs. 1200/-
Total amount payable Rs. 2500/-

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-110034.
Telephone Nos. : 011-27012855 / 57, Fax No. 011-27012856
E-mail : indianvaluers@iov.co.in, Website : www.institutionofvaluers.net
APPLICATION FOR FELLOW, ASSOCIATE AND LICENTIATE OR
FOR TRANSFER TO A HIGHER GRADE

1. Type or fill all columns in capital letters Received Rs..........................................

2. Enclose a draft of Rs. 2500/- drawn in favour of Institution of Valuers
Payable at Delhi/ New Delhi. Vide Receipt No. .................................
3. In case transfer to a higher grade, mention Transfer to a Higher Grade on top Dated ...................................................
of the application. Enclose a draft of Rs. 1300/-

FOR OFFICE USE {Accountant} {Secretary}

Received by the Office on ............................... year ....................... with Rs. 2400/- 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 Certificate of Membership sent on ...................... year .............
No.

1. To the Council of the Institution of Valuers

Name (Surname I ...................................................................................................................................................................
First) & address Son/ daughter of.....................................................................Address..................................................................
should be in ...........................................................................................................................................................................
BLOCK LETTERS. .................................................................................. Pin Code..................................State.................................
Pine Code No. and
desire to be admitted to the Institution of Valuers as a Fellow/Associate/Licentiate or for any category mentioned
name of state must above for which the Council thinks me eligible in accordance with the bye-laws as they now stand or as they hereafter
be mentioned in the be altered.
address. 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
N.B. :- Application
with by them in accordance with the provisions to the bye-laws and regulations and will forthwith cease to describe
will not be myself as a Member or to designate myself as belonging to the Institution in any other form, on receipt of a notice
considered without from Secretary that, acting under powers conferred upon them by the bye-laws and regulations, the Council have
the photograph and declared me to be no longer a Member of the Institution. I UNDERTAKE that I will promote the objects of the
the attested copies Institution as far as may be in my power. I also UNDERTAKE to abide by the professional conduct rules and/or Code
of testimonials 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.
 (Use CAPITAL LETTERS)
Name (Surname first) : .......................................................................................................
Fix here your .......................................................................................................
Passport size Fathers Name : .......................................................................................................
Photograph Date of Birth : ........................................................ Age : ....................................
Nationality : .......................................................................................................
Present Occupation : .......................................................................................................
.......................................................................................................
PRESENT ADDRESS PERMANENT ADDRESS
........................................................................................................... ..................................................................................................
........................................................................................................... ..................................................................................................
........................................................................................................... ..................................................................................................
............................................. Pin Code : ............................................ ..................................................................................................
State : ................................................................................................ ................................................ Pin Code ................................
Phone : (Residence) ......................................................................... State.................................................................................
Phone : (Office) ...............................................................................
Mobile : .............................................................................................
Fax No. ..............................................................................................
E-mail : .............................................................................................

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.

1................................................................................ F/A ........................................ .............................................

2................................................................................ F/A ........................................ .............................................
3................................................................................ F/A ........................................ .............................................

The recompenses 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 {9} Works of art including archaeological buildings, sites
other classes of assets which are not applicable to you) and other objects.
{1} Immovable property (other than agricultural lands,
plantations, forests, mines and quarries) but including {10} Life interest, reversions and interest in expectancy.
foundations, soil mechanics, structural engineering, public
health engineering and water technology. {11} Chemicals (for all types of chemical).

{2} Agricultural lands (other than coffee, tea, rubber and {12} Automobile including transportation and highway
cardamom plantations). engineering.

{3} Coffee plantation, tea plantation, rubber plantation and {13} Marine (ship, boats of all types).
cardamom plantation.
{14} Textile (all types of fibers, yarns and fabrics).
{4} Forests.
{15} Computer technology including electronics,
{5} Mines and quarries. telecommunication engineering and Instrumentation

{6} Stocks, shares debentures, securities, shares in partnership {16} Ceramics technology & Potteries.
firms and of business assets including goodwill but excluding
those referred to in items No. 1 to 5 above and 7 to 20 {17} Aeronautical Engineering including various types of
bellows. aeroplanes.

{7} Machinery and Plant (Mechanical/ Electrical/ Chemical {18} Metallurgical engineering and engineering materials.
Engineering).
{19} Production engineering and industrial engineering.
{8} Jewellery.
{20} Leather Technology.
 Give date for Initials of
all items
STATEMENT OF QUALIFICATION persons
To be filled in as far as possible by the applicant verifying
each
statement
Examinations Passed
4. (Please attach copies of Certificates attested by a Supporter or a Gazetted Officer with his Seal)
General : (Non-Technical)

Name of Examinations
Examining authority Year of passing
Passed

Technical Education
5. (Please attach copies of Certificates attested by a Supporter or a Gazetted Officer with his Seal)

Name of Examinations Branch Examining authority Name of the Year of

Passed College/Institution/ passing
University

Training in Valuation Work

(Attach a separate sheet if space is not sufficient)
6. (In case of no experience-state nil)

Valuation works with which the Candidate has been connected Position held
and the position held by him in connection with each
7.
 State name and address of your Employers and the precise
8. 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

Particulars for publication in Green Book

12. 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).................................... Fax No.........
Mobile No. .E-Mail : ..........................................................................................

Details if appointed as Valuer by Ministry of Finance

13. (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

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)
 CONTRIBUTION TOWARDS CORPUS FUND
(Corpus Fund for life members only)

THE INSTITUTION OF VALUERS

I/We .........................................................................................

Address .....................................................................................

.................................................................................................

.................................................................................................

PAN No. .....................................................................................

Would like to contribute ..............................................................

Vide Cheque/D.D. No. ............................ Dated ...........................

Drawn on ..................................................................................

Towards corpus fund for (Life Member) for utilisation by Institution of

Valuers.

Signed ..............................

Contact:
Institution of Valuers,
Plot No. 3, Parwana Road,
Adjacent to Bal Bharti Public School,
Pitampura, Delhi-110034, India.

Phone Nos. : 011-27012855 / 57

Fax No. : 011-27012856
 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 - 110034.
Telephone Nos. : 011-27012855 / 57, Fax No. 011-27012856
E-mail : indianvaluers@iov.co.in, Website : 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.

{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/- 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.
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.

I wish you good luck and success.

Yours Sincerely

(Vinay K. Goel)
Hon. Gen. Secretary
 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 Four Classes of Members, i.e,
FELLOW S, ASSOCIATES, LICENTIATES and STUDENTS. 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.
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(Cat. 1,5,7 etc.):
(a) The valuer must either be a graduate in Civil, Mechanical,
Electrical, and Mining Engineering, or Architecture of a
recognised University,
(b) or, have passed Level - I and Level - II of the Institution
Examination prescribed by the Council,
(c ) or, have passed Section-A and Section-B examination of
The Institution of Engineers (India),
(d) 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
(e) 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
(II) In the case of Specialist in Agriculture and Farm
Valuation (Cat . 2) :
(a) The valuer must be graduate in Agricultural Economics or
Agricultural Science with atleast ten years experience as
a Farm Valuer.
(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; or
(ii) A tehsildar; or
(iii) A Land Valuation Officer; or
(iv) A Settlement Officer.
(III) In the case of a Specialist in Coffee Plantation (Cat. 3) :
(a) The Valuer must be the owner or manager of a Coffee
Plantation of the size of at least 100 acres; and
(b) He must have at least ten years experience in the plantation
line.
(IV) In the case of an Accountant (Cat. 6) :
(a) The valuer must be a member of the Institute of Chartered
Accountants or I.C.W.A. of India; and
(b) he must have been in continuous practice as a Chartered
Accountant for a period of not less than ten years.
(V) In the case of a Specialist in Jewellery, Precious
Stones and Ornaments (Cat. 8 ) :
(a) 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
(b) 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.
(VI) In the case of a Specialist in Works of Art (Cat. 9) :
The Valuer must be :
(a) A member or an ex-member of the Art Purchase Committee.
(b) Principal or ex-principal of a Government School of Art.
(c ) Artist member or ex-Artist Member of the General Council
of Fellow of the National Academy of Art (Lalit Kala
Akadami).
(d) Director or ex-Director, Assistant Director or ex-Assistant
Director of the National Museum, New Delhi.
(e) Officer-in-charge or ex-Officer-in-charge, Director or ex-
Director, As sistant Director or ex-As sis tant Direc tor,
Salarjung Museum, Hyderabad.
(f ) Director or ex-Director, Prince of Wales Museum, Bombay.
(g) Superintendent or ex-Superintendent, Madras Museum.
(h) Director or ex-Director, Indian Museum, Calcutta.
(i) Curator or ex-Curator of the National Gallery of Modern
Arts, New Delhi.
(j) Director General or ex-Director General of Archaeology,
Superintendent or ex-Superintendent or Archaeology.
(VII) In the case of Actuary (Cat. 10) :
(a) The Valuer must be a graduate of recognised University,
(b) He must be a member of an Institute of Actuaries which
entitles him to act as an Actuary under the Insurance Act,
1938 and
(c ) 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 :
(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, and
(b) He must have at least ten years experience in the plantation line.
(IX) In the case of a Valuer for Standing Forests :
(a) He must be a Diploma holder in Forestry from a recognised
institution.
(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 years.
(X) In the case of Valuer for Chemical (Cat. 11) :
(a) He must be a graduate in Chemical with Technical Education
and background from a recognised Institution or University.
(b) 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 (Cat. 12) :
(a) He must be a graduate in Automobile from a recognised
Institution or University;
(b) 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 (Cat. 13) :
(a) He must be a graduate in Marine from a recognised Institution
or University;
(b) 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 (Cat. 14) :
(a) He must be a graduate in Textile from a recognised Institution
or University;
(b) 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 (Cat. 15) :
(a) He must be a graduate in Electronics, Computer Technology &
Tele-communication Engineering
(b) He must have atleast 10 years experience in the three
sections stated above.
 (XV) In the case of Ceramics Technology and Potteries (b) Entrance Fee and Subscription for member residing out of
(Cat. 16) : India.
(a) He must be a graduate in Ceramics Technology or Potteries. Entrance Fee : US $ 250/-
(b) He must have atleast 10 years experience in the sections Annual Subscription : US $ 250/-
stated above. (c ) Transfer fee for higher grade of membership :
(XVI) In the case of Aeronautical Engineering (Cat. 17) : Rs. 1200.00
(a) He must be a graduate in Aeronautical Engineering. (d) Reconsideration Fee Rs. 1000.00
(b) He must have atleast 10 years experience in Aeronautical All Subscriptions shall become due and payable on selection
Engineering. and subsequently on the 1st day of January in each year.
(XVII) In the case of Metallurgical Engineering (Cat. 18) : 7. COMPOSITION FEES :-
(a) He must be a graduate in Metallurgical Engineering. (a) Corporate members shall, at any time, have the option of
(b) He must have atleast 10 years experience in Metallurgical becoming Corporate member for life on payment in lump
Engineering. sum amount detailed below according to his age on next
birthday :
(XVIII) In the case of Production & Industrial Engineering
(Cat. 19) : Age Next Amount Age next Amount
(a) He must be a graduate in Production & Industrial Engineering. birthday (Rs.) birthday (Rs.)
(b) He must have atleast 10 years experience in Production &
26 20,300.00 47 13,700.00
Industrial Engineering.
27 20,000.00 48 13,200.00
(XIX) In the case of Leather Technology (Cat. 20) : 28 19,700.00 49 12,700.00
(a) He must be a graduate in Leather Technology. 29 19,500.00 50 12,200.00
(b) He must have atleas t 10 years experience in Leather 30 19,200.00 51 11,500.00
Technology. 31 19,000.00 52 11,000.00
32 18,700.00 53 10,300.00
(XX) Valuers appointed by Ministry of Finance : Repealed 18,500.00 54 9,600.00
33
(XXI) In case of a post-graduate in v aluation from a 34 18,200.00 55 9,000.00
recognised university : 35 18,000.00 56 8,400.00
(a) The valuer must be a post-graduate in valuation of real 36 17,700.00 57 7,700.00
estate / plant & machinery of a recognised University, and 37 17,500.00 58 7,000.00
38 17,200.00 59 6,500.00
(b) He must have been in practice as valuer not less than ten
39 17,000.00 60 5,800.00
years .
40 16,700.00 61 5,000.00
3. ELIGIBILITY OF ASSOCIATES :- 41 16,300.00 Between
Every candidate for election as an Associate or for transfer 42 16,300.00 62 and 66 4,300.00
to the class of Associate :- 43 15,600.00
15,200.00 Between
(a) Age - No Age Bar; and 44
67 and 70 3,800.00
45 14,700.00
(b) must possesses educational qualification as prescribed
46 14,200.00 above 70 2,500.00
for Fellow membership or such other qualification as the
Council may approve from time to time and The above life membership fee includes the current year
(c ) must have been in practice as valuer not less than five membership subscription except First Year Subscription.
years provided that in the case of a person passing Level (b) Members residing outside India can also become Life Member
- I and Level - II of the Institution Examination prescribed by on payment in lump sum amount detailed below according
the Council or possess ing a post-graduate degree in to his age on the next birthday :
valuation from a recognised university, the provisions of
this sub-rule shall have effect as if for the words "five Age Next Amount Age next Amount
years", the words "two years" had been substituted. birthday (Rs.) birthday (Rs.)
4. ELIGIBILITY FOR LICENTIATES :- 26 40,500.00 47 27,300.00
Every candidate for election as an Licentiate or for transfer 27 40,000.00 48 26,300.00
to the class of Licentiate :- 28 39,900.00 49 25,300.00
(a) must not be less than 19 years of age; and 29 39,200.00 50 24,300.00
30 38,500.00 51 23,100.00
(b) must be a diploma holder in Engineering, Surveying or
31 38,000.00 52 21,800.00
Architecture or must have passed such examination as
32 37,500.00 53 20,500.00
the Council may accept as equivalent or
33 37,000.00 54 19,200.00
(c ) must possesses educational qualification as prescribed 34 36,500.00 55 18,000.00
for fellow membership or such other qualification as the 35 36,000.00 56 16,700.00
Council may approve from time to time. 36 35,400.00 57 15,500.00
5. ELIGIBILITY FOR ENROLMENT AS STUDENTS :- 37 34,900.00 58 14,200.00
Every candidate for election as a Student member :- 38 34,400.00 59 12,900.00
39 33,900.00 60 11,600.00
(a) must not be less than 18 years of age; and
40 33,400.00 61 10,100.00
(b) must possesses an educational qualification recognised 41 32,700.00 Between
by the Council to be elected as a Student. 42 31,900.00 62 and 66 8,600.00
6. ENTRANCE FEE AND SUBSCRIPTION :- 43 31,200.00 Between
(a) The Entrance Fee and Subscription payable by the members 44 30,400.00 67 and 70 7,600.00
will be : 45 29,400.00
46 28,400.00 above 70 5,100.00
Class Entrance Annual
Fee Subscription The above life membership fee includes the current year
Fellow 1200.00 1200.00 Membership subscription.
Associate 1200.00 1200.00 In addition to the above composition fee for life, the appropriate
Licentiate 1200.00 1200.00 entrance fee and first years subscription shall have to be paid
Student 900.00 1200.00 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 years 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 years subscription for the current year.
9. INDICATION OF CORPORATE MEM BERSHIP :-
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 As soc iates 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 M ember.
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 years 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/-).