Newsletter_v3.0_29Oct18

IOVRVF
Soaring high...
NE WSLET TER
VOL.2 / 29th OCTOBER 2018
Shubh Deepawali
IOV Registered Valuers Founda on
formed under sec on 8 of Companies
Act, 2013 and goverened by a Board of
Directors is a Registered Valuers
Organisa on by the Insolvency and
Bankruptcy Board of India.
‘IOV Registered Valuers Founda on’ is a
subsidiary company of Ins tu on of
Valuers (IOV) which was founded by Shri
P. C. Goel, “Father of Indian Valuers” in
the year 1968.
According to Sec on 247 of the
C o m p a n i e s A c t , 2 0 1 3 o n l y t h e
professionals who have been trained by
recognised bodies can carry out
Valua on. I OV RV F has launched
Valua on courses with approval from
IBBI to cer fy valua on professionals in
par cularly three classes of assets viz.:-
1
LAND &
BUILDING
2
PLANT &
MACHINERY
3
SECURITIES OR
FINANCIAL ASSESTS
FROM THE DESK OF MD
... IOVRVF is the first ‘not-for-profit’ company to start valua on course in
India, in all three asset classes and to start training for COP and give COP
accordingly.
- Mr. Vinay Goyal, Managing Director & CEO, IOVRVF
It is the far-sightedness along with unblemished dedica on for the growth of a
profession which made it possible for IOV to promote and develop a Sec on – 8
(not-for-profit company), i.e.; IOV Registered Valuers Founda on. Having been
incorporated on 19th Dec 2017, it received it's cer ficate of recogni on as an RVO from Dr. M. S. Sahoo,
Chairman, IBBI on 27th Dec 2017 during inaugural session of 48th Indian Valuers Congress organised by
IOV. IOVRVF started its opera on to register members for mandatory educa on course as s pulated by
IBBI to become Registered Valuers in mid March. IOVRVF got its approval of course content from IBBI and
thus started conduc ng batches of students in all three assets classes on 13th May 2018 at Delhi,
becoming first to give the mandatory educa on course in the country. Today, it is our pleasure to note
that IOVRVF is:
Ÿ
Ÿ
Ÿ
Ÿ
Ÿ
First to start mandatory educa on course in all three classes of asset program in India.
First one, whose candidates in all three classes of assets cleared the exam taken by Insolvency and
Bankruptcy Board of India (IBBI) & get registra on
First one to prepare and upload on website the approved policies, disclosure formats & by laws etc.
First one to start training for Cer ficate of Prac ce (COP) and issue the same to its valuers members.
First one to hold Con nuous Educa on Program CEP for it’s members.
I V
RVF
IOV Registered Valuers Founda on
Plot.No.3, II Floor, Aggarwal Square,
LSC JN, 80Ft Rd, Parwana Road,
Pitampura, Delhi-110034.
Contact Details:
General Enquiries (Registra on) :
+91 9315 124957
Eligibility & Documents Enquiries :
+91 9315 119056
Technical Enquiries (Mock test & IT):
+91 9315 105729
Cer ficate Enquiries :
+91 9315 113144
Website :www.iovrvf.org
To get registered for ‘MEP 50 Hours Training’
you can write an e-mail to:
valuers@iovrvf.org
FIRST CEP TRAINING IN
INDIA BY IOVRVF
Pune branch of lOV celebrated ‘Valuers' Day’ by
organizing full day seminar on 14th October
2018 which was a ended by about 95 persons,
including facul es and guests. This seminar has
been recognized as ‘Con nuous Educa on
Program (CEP)’ by lOVRVF under IBBI
guidelines.
Mr. B. B. Goyal (Chairman of lOVRVF), Mr.
Vishvanathan (GM - State Bank of India), Mrs.
Bhanage (Valua on Expert - Town Planning,
Government of Maharashtra) were the chief
guests.
Shri G. L. Kulkarni, President, IOV (PUNE branch),
welcomed the chief guests and valuers present.
He briefed about IOV, PUNE branch, its
pioneering work in star ng the CEP programmes
and also men oned that Pune Branch of lOV was
the first to start the 50 hours training mandated
by IBBI. He also touched upon the burning issue
of fees paid to the Valuers.
In his inaugural address Mr. Goyal touched upon
latest developments in valua on field and
challenges posed by those developments before
the valuers fraternity. Mr. Vishwanathan
emphasized on the need of valua on reports
prepared on the realis c basis, having kept in
view their usefulness to the banks and financial
PAGE 1 / IOV-RVF / NEWSLETTER / VOL.2 / 29th OCTOBER 2018

ins tutes . Mrs. Bhanage explained intricacies of valua on for
compensa on in respect of land acquisi on and clarified that ASR
are not mandatory to be followed for es ma ng fair market
values.
The first technical session was taken by Shri R. M. Bhave on the
topic of Liquida on Valua on. The second presenta on was by
Shri Chaphalkar and Ms. Sayali Sandbhor on the topic of Ar ficial
Intelligence. The third session was by Shri Yogesh Pa l,
Coordinator of Pune branch of IIISLA. He discussed various
aspects of insurance valua on. The last technical session was
taken by Advocate Saralkar who gave prac cal and
knowledgeable advice regarding transfer of proper es.
lOV Pune branch had conducted Introductory Course in Valua on
at D. Y. Pa l College of Engineering. The students and HoDs also
a ended this seminar. The cer ficates of studentship were
distributed to those students.
Mr. B. B. Goyal then delivered valedictory lecture in which he
touched upon various issues related to valua on. He
congratulated Pune branch organisers for successfully arranging
the seminar.
A er the high tea session, seminar cer ficates were distributed to
the a endees and the proceedings of the seminar were
concluded.
LAUNCH OF IOVRVF’S 1ST NEWSLETTER
/ VOLUME-1
6) Training and CEP Policy
To check for more details please visit ‘About us’ on our website :
h p://www.iovrvf.org.
50 HOURS MEP BATCH FOR VALUERS
Since IOVRVF’s first batch ll today, we have already conducted 57
batches in different loca ons of India for our aspirant valuers. The
number of students ge ng trained with IOVRVF has increased
from 1,600 since last month to XXXXX ll date. We have received
more than 320 number of applica ons for IBBI registra on ll
date.
More than 63 people have passed the IBBI’s examina on and got
registered as a ‘Registered Valuer’ in the field of valua on.
To check full informa on of valuers ge ng registered with IBBI,
please visit: h ps://ibbi.gov.in/webfront/rvs.php
FIRST CERTIFICATE OF PRACTICE (COP)
TRAINING STARTED IN NEW DELHI
We successfully organised our first one day COP Training for our
esteemed ‘Registered Valuer Members’ in New Delhi on 28th
September, 2018 at IOVRVF office, Mukherjee Nagar. It is a
mandatory training which was a ended by ‘XX’ number of valuers
and they will be receiving their COP cer ficates soon.
The topics included in the schedule were:
Ÿ Model Code of Conduct for Registered Valuers
Ÿ Professional Competence and Due Care
Ÿ Independence and Disclosure of Interest
Ÿ Confiden ality
Ÿ Informa on Management
Ÿ Gi s and Hospitality
Ÿ Remunera on and Costs
Ÿ Occupa on, employability and restric ons
Ÿ Other Engagement Considera ons
Ÿ Professional behaviour and conduct
Ÿ Prac cal on site training
Center : Shri. P. P. Chaudhary (le center) and
Shri Vinay K. Goel (right center) at the event of launch
IOVRVF launched it’s first ever newsle er last month, i.e.;
September 2018.
Cabinet Minister of Corporate Affairs, Shri. P. P. Chaudhary along
with our Managing Director & CEO Shri Vinay K. Goel (IOVRVF)
unveiled our Newsle er in the field of valua on in India, on 30th
August 2018 in New Delhi.
Shri Ni n Lele (Vice Chairman, Council Member IOV, Pune) and
Shri Taware were also present there to grace the event.
IOVRVF POLICIES ONLINE
IOVRVF is the first ins tute to upload it’s policies online. We have
uploaded the following policies a er the approval from IBBI:
1) Code of Conduct & Ethics
2) Disciplinary Policy
3) Grievance Redressal Policy
4) Inspec on Policy
5) Monitoring Policy
We would soon announce for the COP training for ‘registered
valuers members’ by every 4th Saturday (fourth) of every month.
TESTIMONIALS
“I have completed the mandatory educa onal course at IOVRVF, Delhi; June
batch. IOVRVF has made excellent classroom arrangement with video
streaming facili es and ambience focussed on studies. Faculty at IOVRVF Delhi
is highly competent. Concise brief of each subject, associated with valua on,
provided in study material is really helpful.“
- Om Prakash Verma
“The whole system is perfect to weed out straw from the grain in the valua on
profession. IBBI along with our beloved IOVRVF would endeavour to serve the
na on in producing the right valuers serving the na on in true way. My best
wishes to faculty, management and staff of IOVRVF. “
- Er./Vr. Mukesh Kumar Sharma
“The experience I had a ending 50 hrs MEP at IOVRVF Bangalore branch is
immensely sa sfying. The class room where we were taught was so tranquil
and the faculty gave their best effort to teach us in a limited period of me. A er
training we also got guidance for how to apply for IBBI exam. I passed my IBBI
exam on 18th with 69.75 marks. I thank IOVRVF team and IOV Bangalore
branch for all the support. ”
- Fayaz Ahmed
PAGE 2 / IOV-RVF / NEWSLETTER / VOL.2 / 29th OCTOBER 2018

PICTURE GALLERY
CHENNAI
DELHI
INDORE
GOA
MYSURU
PUNE
50 HOURS MEP BATCH DETAIL 2018
WEBSITE PERFORMANCE
There has been a busy month for IOVRVF since last update. We
have already conducted 45 batches for ‘Land and Building’, 19
batches for ‘Plant and Machinery’ and 4 for ‘Securi es or Financial
Assets’ at different loca ons in India since August 2018. 1,809
students have been trained by IOVRVF in these 3 assets classes
who are now in the process of becoming registered valuers a er
a emp ng exam with IBBI.
Following is the tabular format of the batch conducted in last two
months:
We got
17.1 k clicks in
the month of August 2018
and in September 2018
it was
20.0 k clicks.
17.1 K
USER CLICKS
20 K
USER CLICKS
PARTICULARS
As on 30th Sept
As on 31st Oct
AUG
SEP
No. of training
programs
conducted
No. of
members
trained
L&B P&M SFA
45 19 04
1604 151 54
L&B P&M SFA
57 24 05
2033 252 57
I V
RVF
MOCK TEST
50 HOURS EDUCATIONAL PROGRAMME IN VALUATION
MODIFICATION IN OUR FEE STRUCTURE
IOVRVF’s fees structure is going to change with effect from 31st of
March 2018.
Currently, there is a discount of 20% for all IOV fellow members in
their course fees for 50 hours MEP. A er 31st of March 2018, the
course fees will be flat 26,000/- for members or non-members of
IOV. Anybody registering themselves before 31st of March will
only be ge ng the discounts.
Mock test is ac vated for those who have completed the
50 hours classroom training.
To login, please go to our website :
h p://www.iovrvf.org
* Go to login bu on on extreme right side of the screen
* Enter your registered mobile number as your username
* For password, please enter the one you created
For any queries please write to us at: course_cd@iovrvf.org
PAGE 3 / IOV-RVF / NEWSLETTER / VOL.2 / 29th OCTOBER 2018

HIGHLIGHTS
COMPANIES (REGISTERED VALUERS
AND VALUATION) THIRD AMENDMENT
RULES, 2018
In exercise of the powers conferred by sec ons 247 to be read with
sec on 469 of the Companies Act, 2013 (18 of 2013),
the Central Government hereby makes the following rules further
to amend the Companies (Registered Valuers and Valua on)
Rules, 2017; namely: .
1) (a) These rules may be called the Companies (Registered
Valuers and Valua on) Third Amendment Rules, 2018.
(b) Those shall come into force on the date of there publica on in
the Official Gaze e.
2) In the Companies (Registered Valuers and Valua on) Rules,
2017 (herein a er referred to as ‘the said rules’),
in rule 11, for the figures, le ers and word ‘30th September, 2018'
occurring at both the places, the figures, le ers and word ‘31st
January, 2019, shall be subs tuted. .
3) In the said rules, in rule 14, in clause (f), for the words ‘one
year’, the words ‘two years’ shall be subs tuted.
GOVERNMENT PLANNING NEW LAW
FOR REGISTERED VALUERS
Reference : www.newsonair.com I Aug 19, 2018
Government is planning a separate legisla on for registered
valuers so that they get a be er valua on of bankrupt companies
under the insolvency process. Speaking at Confedera on of
Indian Industry’s (CII) conference on insolvency and bankruptcy
code in Mumbai, Corporate affairs secretary Inje Srinivas said
“proper valuers are the cri cal missing link in the process now as
most of the insolvency professionals are poorly equipped being it a
new area for them.” He said, “the nascent insolvency and
bankruptcy code is stabilising and it has a robust legal framework
but the weak area is the lack of experience of the insolvency
professionals.” He also said, “40 largest NPA accounts were sent to
various Na onal Company Law Tribunals (NCLTs) which together
cons tute around 40 per cent of over 11 trillion rupees of bad
loans.”
ANNOUNCEMENTS
*It’s a ‘not to miss’
opportunity to earn
your credit hours
according to
Con nuous
Educa on Program
(CEP) Policy approved
by IOV Registered
Valuers Founda on
(IOVRVF) as per the
Companies
(Registered Valuers
and Valua on) Rules,
2017
Ins tu on Of Valuers (IOV) is conduc ng it’s next ‘Con nuous Educa on Program (CEP)’ for registered valuers at Bangaluru and Hyderabad.
Eminent na onal and interna onal speakers are taking part on this occasion. Members a ending CEP will get credit hours of CEP, as approved
by IOVRVF. Every registered valuer member of IOVRVF is required to earn minimum mandatory credit of 12 CEP hours in a year, failing which his
Cer ficate of Prac ce shall not be renewed. A member is awarded CEP credit hours by the IOV-RVF based on the learning ac vi es undertaken
during the year, or ac ng as technical speaker/faculty, as per the following schedule:
Dura on of the CEP Program
CEP Credit Hours
4 hours or half-day program 2 (two) hours
More than 6 hours or One full-day program 4 (four) hours
One full-day & 4 hours or half-day program 6 (six) hours
Two full-days program
8 (eight) hours
PAGE 4 / IOV-RVF / NEWSLETTER / VOL.2 / 29th OCTOBER 2018