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Institution of Valuers

(Registered under The Societies Registration Act XXI of 1860)
INDIA
4, 5 & 6, Vishal Market, Mukherjee Nagar (West), Civil Lines, Delhi 110 009
Telephone Nos. : 27135248 27445169 ✧ Telefax : 27445257
E-Mail : indianvaluer@yahoo.com ✧ Web-site : www.institutionofvaluers.org

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. Changes are also not possible. Please
indicate your choice of only one category carefully.

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. Ration cards, 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.

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.

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

In the case of a Valuers for Tea Estates (Cat. 3) : A. (IV) In the case of a Valuer for Standing Forests (Cat.W. (III) In the case of a Specialist in Coffee Plantations (Cat.A. 4) : {a} He must be a Diploma holder in Forestry from a recognized institution. (V) In the case of an Accountant (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. 8 ) : (i) The valuer must have been engaged in the business of Jewellery. ABSTRACT FROM THE RULES & REGULATIONS OF THE INSTITUTION OF VALUERS FOR APPLICANTS SEEKING MEMBERSHIP OF INSTITUTION OF VALUERS 1. and (ii) he must have been in continuous practice as a Chartered Accountant for a period of not less than ten years.C. 7 etc. B. 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 he must have at least ten years experience in the plantation line. 2) : {a} The valuer must be a graduate in Agricultural Economics or Agricul tural Science with atleast ten years experience as a Farm Valuer. Precious Stones or Ornaments for a period of not less than ten years. Precious Stones and Ornaments (Cat. {b} He must have atleast ten years of experience in his own field. and {b} he must have at least ten years experience in the plantation line. i. ELIGIBILITY OF ENROLMENT AS FELLOWS :- (I) In the case of Engineer or Architect (Cat. of India. 5. 9) : The Valuer must be : (i) A member or an ex-member of the Art Purchase Committee. or (ii) A tehsildar: or (iii) A Land Valuation Officer: or (iv) A Settlement Officer. . precious stones or ornaments in each of the last three accounting years. MEMBERSHIP OF THE INSTITUTION :- The Institution shall consist of Four Classes of Members. 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. (II) In the case of a Specialist in Agriculture and Farm Valuation (Cat .) : {a} The valuer must be a graduate in Civil. 6) : (i) The valuer must be a member of the Institute of Chartered Accountants or I. FELLOWS. Mechanical. (VI) In the case of a Specialist in Jewellery. 1. The valuer must be the owner or manager of a Coffee Plantation of the size of at least 100 acres. ASSOCIATES. (VII) In the case of a Specialist in Works of Art (Cat. (ii) Principal or ex-Principal of a Government School of Art. 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. LICENTIATES and STUDENTS. 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.e. 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.

1938. Indian Museum. 17) : (a) He must be a graduate in Aeronautical Engineering. (vii) Superintendent or ex-Superintendent. . Hyderabad. 11) : (a) He must be graduate in chemistry or chemicals with Technical Education and back ground from a recognized Institution or University. 19) : (a) He must be a graduate in Production & Industrial Engineering. (X) In the case of Valuer for Automobile (Cat. New Delhi. (b) He must have atleast ten years experience in Production & Industrial Engineering. (b) He must have atleast ten years experience in Automobile branch with Government Undertaking or in an important organization. (b) He must have atleast ten years experience in the three sections stated above. and (iii) he must have been in practice as an Actuary for not less than ten years. (vi) Director or ex-Director. (ii) He must be member of an Institute of Actuaries which entitles him to act as an Actuary under the Insurance Act. Superintendent or Ex-Superintendent of Archaeology. (iv) Director or ex-Director.(ii) Artist member of ex-Artist Member of the General Council or Fellow of the National Academy of Art (Lalit Kala Academy). (b) He must have atleast ten years experience in Aeronautical Engineering. (ix) Curator or ex-Curator of the National Gallery of Modern Art. (b) He must have atleast ten years experience in Textile branch with Government Undertaking or in an important organization. (x) Director Ganeral or ex-Director General of Archaeology. (XII)In the case of Valuer for Textile (Cat. New Delhi. Prince of Wales Museum. (VIII) In the case of Actuary (Cat. (b) He must have atleast ten years experience in the sections stated above. 14) : (a) He must be a graduate in Textile from a recognized Institution or University. (XIII) In the case of Electronics. Assistant Director or ex-Assistant Director of National Museum. 16) : (a) He must be a graduate in Ceramics Technology or Potteries. (v) Officer-in-charge or Ex-Officer-in-charge. Director or ex-Director. Mumbai. (XV)In the case of Aeronautical Engineering (Cat. (XIV) In the case of Ceramics Technology and Potteries (Cat. 13) : (a) He must be a graduate in Marine from a recognized Institution or University. 18) : (a) He must be a graduate in Metallurgical Engineering. (viii)Director or ex-Director. (XVI) In the case of Metallurgical Engineering (Cat. Assistant Director or ex-Assistant Director Salarjung Museum. Kolkata. (b) He must have atleast ten years experience in Chemical branch with Government Undertaking or in an important organization. (XVII) In the case of Production & Industrial Engineering (Cat. 15) : (a) He must be a graduate in Electronics. (IX) In the case of Valuer for Chemicals (Cat. (b) He must have atleast ten years experience in Marine branch with Government Undertaking or in an important organization. 12) : (a) He must be a graduate in Automobile Transportation Highway Engineering from a recognized Institution or University. (XI) In the case of Valuer for Marine (Cat. Chennai Museum. 10) : (i) The Valuer must be a graduate of recognized University. Computer Technology and Tele-communications (Cat. (b) He must have atleast ten years experience in Metallurgical Engineering. Computer Technology & Tele-communication Engineering.

813. New Delhi.475. Act 1953 and under Section 34AB of Amended Wealth Tax Act of 1972 and 1988 provided they are graduate Engineers.125.788. 20) : (a) He must be a graduate in Leather Technology.00 62 and 66 2.00 41 10.00 600.00 34 12. COMPOSITION FEES a) Corporate members shall.688.840.00 51 7.00 27 13.388.D. or Such other examination as the Council may approve : Who shall in addition satisfy the Council as to their practical experience in Valuation work.00 32 12.150.648.535. 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.138. Entrance Fee : US $ 120/- Annual Subscription : US $ 120/- • Transfer fee for higher grade of membership :Rs.998.890.00 59 4.335.573.) birthday (Rs.00 61 3.00 55 5.00 Between 43 10.) 26 13.488.260.00 600.00 60 3. at any time.775.00 30 12. ENTRANCE FEE AND SUBSCRIPTION a) The Entrance Fee and Subscription payable by the members will be : Class Entrance Annual Fee Subscription Fellow 600.00 53 6. 6.00 33 12.323. (XVIII) In the case of Leather Technology (Cat.00 Between 45 9.00 28 13.00 • Reconsideration Fee Rs.00 67 and 70 2.00 35 11.00 Student 450.00 • Entrance Fee and Subscription for member residing out of India.310.00 38 11.825. 5.163.873.00 42 10.00 57 5.00 44 10.00 46 9.500.113.00 54 6. (b) He must have atleast ten years experience in Leather Technology.313.100. 600.00 600.00 31 12.00 40 11.153.635.00 50 8.00 36 11.438. 3.00 39 11.00 52 7.725. 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.00 600.00 56 5.00 . 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. 4.00 Licentiate 600.00 Associate 600.885.00 47 9.985.500.00 All Subscriptions shall become due and payable on selection and subsequently on the 1st day of January in each year.985.00 48 8. An Associate shall be eligible for FELLOWSHIP after he has compledted 10 years experience in Valuation work .00 37 11. (XIX) Valuers approved by the Ministry of Finance under Section (4) of E.00 49 8.413.00 58 4. or Have passed the examination prescribed by the Institution of Valuers.375.660.450.00 29 12.

00 28 26.00 32 24.I.after becoming the Life Member.875. 7.313.00 Between 43 20.00 34 24.00 31 25.) birthday (Rs.00 58 9. first year’s subscription along with life membership fee. 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.650.963.00 35 23.550. but no suffix may be used unless and until notice of such approval by the Council has been given. PAYMENT OF ENTRANCE FEE AND SUBSCRIPTION Every person becoming a Fellow of the Institution.00 38 22.00 40 22.00 37 23.00 51 15. 9.00 56 11.513.275.00 52 14.V.The above life membership fee includes the current year membership subscription except First Year Subscription.00 47 18.00 39 22.680.00 Between 45 19. Fellow and Associates of the Institution may also use additional suffix i.) 26 27.6 The above life membership fee includes the current year Membership subscription. shall pay his/her entrance fee and first year’s subscription along with application for seeking membership.000.e.00 29 26. All the certificates and Life Member cards are the property of Institution and must be returned as and when membership ceases.001.625.00 60 7. 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.00 62 and 66 5.00 50 16.00 59 8.00 55 11.305. in which case the subscription shall be deemed to be paid in respect of the ensuing year. .00 41 21.263.250.V.970.638.300. An Associate may affix A. including arrears if any.738.618. 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. the appropriate entrance fee and first year’s subscription shall have to be paid by the member.750.00 54 12.00 42 21.763.900.625.00 3.768.780.00 48 17. In addition to the above composition fee for life. Licentiate will not be entitled to receive any membership certificate or any Life Member card.063.575.613.I. 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 Amount Age next Amount birthday (Rs.00 27 26.138.00 61 6.00 57 10.975.00 49 16.138. APPROVED VALUER after getting permission from the Council of the Institution on payment of Rs.00 44 20.950.00 30 25. 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.00 67 and 70 5.450.200.368.825.288.00 46 18. 250/.663.375. 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. The Council may from time to time approve further suffixes and shall give notification thereof to the Corporate Members.00 36 23.00 53 13. 8.225.00 33 24.

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

.................................................... structural engineering..............as incidental charges.............................. ... {11} Chemicals (for all types of chemical).... Electrical ...... plantations....... This Form......... telecommunication engineering................................................................ and in confirmation of the statements made by the Candidate in this Application.................................... {20} Leather Technology...................................................................................................................................... PRESENT ADDRESS PERMANENT ADDRESS ......................................... The recompense’s signature should be those of a Corporate Member of the Institution who must sign from personal knowledge of the Candidate..................... IT MUST BE ACCOMPANIED BY ALL THE ATTESTED COPIES OF TESTIMONIALS as to character and competence... firms and of business assets including goodwill but excluding those referred to in items No................................. aeroplanes....................................... shares in partnership {16} Ceramics technology & Potteries............. State:....................................... ............................................... Nationality : .......... F/A .............. tea.................................... NAME & ADDRESS SUPPORTERS SIGNATURE (in Block Letters) MEMBERSHIP NO...................... ... Phone : (Office) ....................................................... Pin Code : .... sites other classes of assets which are not applicable to you) and other objects........................................................................................................................................................................................................ Fax No. after being duly filled in.. {1} Immovable property (other than agricultural lands...... cardamom plantation........................... Pin Code ...................................... Fix here your ......................... Present Occupation : ....................... public health engineering and water technology...................... reversions and interest in expectancy... Age : ............................................................. {8} Jewellery..................................................... ............................................. (Use CAPITAL LETTERS) Name (Surname first) : .......................................................................................................................... Engineering)........ recommend ................ soil mechanics............ forests............ We the undersigned..... tea plantation........................ Phone : (Residence) .................. may be forwarded to the Secretary of the Institution................................................................................ CLASS OF ASSETS to which applicant is a valuer (Delete {9} Works of art including archaeological buildings................................. F/A ................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..................................................... ................. and signed by at least three sponsors..... engineering............................ ... ..... {15} Computer technology including electronics and {5} Mines and quarries.............................................................................................................................. State : .................... shares debentures................................................................ Our initials against items of information in this application indicate that we confirm such information from our personal knowledge..................................................................... The amount shall be refunded in the event of the application being refused after deducting Rs............................. {2} Agricultural lands (other than coffee....................... {19} Production engineering and industrial engineering............... 3..................... foundations...................... Mobile : ..... 1..... rubber and {12} Automobile including transportation and highway cardamom plantations)................................... .......Demand Draft should be drawn in favour of the INSTITUTION OF VLUERS and crossed....................................... . yarns and fabrics)........ {3} Coffee plantation................ ............ 1 to 5 above and 7 to 20 {17} Aeronautical Engineering including various types of belows.................... Date of Birth : ........................... E-Mail : .............500/............... {4} Forests............................................................................................................................... boats of all types)................... securities............................ {7} Machinery and Plant (Mechanical...... rubber plantation and {13} Marine (ship.......................................... 2............................... ........... {6} Stocks........................................... 3. F/A ......................... {14} Textile (all types of fibers................................................. ..... passport size photograph Father’s Name : ....... mines and quarries) but including {10} Life interest....... Chemical {18} Metallurgical engineering and engineering materials.............................

Training in Valuation Work (Attach a separate sheet if space is not sufficient) (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.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 4. . Examinations Passed (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 5. Technical Education (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/ p University a s s i n g 6.

Qualification initials .................................................... Examinations (State the most important Examinations passed excluding those mentioned in Sections 4 and 5) 10........ Details if appointed as Valuer by Ministry of Finance 13................................ whenever published (Particulars should be given in BLOCK LETTERS only) Fellow/Associate/Licentiate No.............. Category........................... ...................................... Name (Surname first) ...... Telephone Nos................................................(Residence)..............................................Pin Code No....... (Govt................................. ........... State.... is to be given)................................................................. Complete address............................................................................................................................. of India or Chief Commissioner of Income-tax) {1} Number and date of Notification/Letter {2} Valid upto {3} Category .... 9.................................................. State name and address of your Employers and the precise position you held 8................................... Fax No.................................................................................................................................................. Titles and Degrees held by the candidate 11 Membership of other professional Institutions Particulars for publication in Green Book 12............................. (only one address ............................................................. (Office)...................................... E-Mail :................................................

................................... Note : I have studied the rules and regulations of the Institution before signing this application............................ (Singnature of the Candidate)............. I.............son of....................... (who must also sign the Undertaking on page 1) ..........................................................Date......................................................... Solemnly confirm and declare that the particulars given in the above application are true to the best of my knowledge and belief..