Eligibility​
to Become a Registered Valuer as a Chartered Accountant
A registered valuer means a person registered with the Insolvency and Bankruptcy Board of India as valuer, in accordance with the provisions of the Rules.
There are three classes of assets for which registered valuers are required, which are enlisted here:
- 1. Plant & Machinery
- 2. Land and Building
- 3. Securities or Financial Assets
Chartered Accountants can become Registered Valuer for Securities or Financial Asset class.Â
Eligibility​
Eligibility for Chartered Accountants.
An individual shall have membership of Institute of Chartered Accountants of India, with at least three years’ experience after such membership.
It may be noted that a Chartered Accountant can become Registered Valuer for Securities or Financial Assets class. For other 2 classes of assets, different qualifications are provided in the rules.
Opportunities of work as a Registered Valuer
There are various provisions of Companies Act, 2013 where valuations of various assets have to be done by registered valuer only. These provisions creates immense opportunities of work for Registered Valuer as a chartered accountant.
Some of such provisions are enlisted here:
| S.no | Section Number | Topic |
| 1 | Section 62(1)(c) |  For Valuing further Issue of Shares |
| 2 | Section 192(2) |  For Valuing Assets involved in Arrangement of Non Cash transactions involving Directors |
| 3 | Section 230(2)(c)(v) |  For Valuing Shares, Property and Assets of the company under a Scheme of Corporate Debt Restructuring |
| 4 | Section230(3) | Under a Scheme of Compromise/Arrangement, along with the notice of creditors/shareholders meeting, a copy of Valuation Report, if any shall be accompanied |
| 5 | Section 232(2)(d) | The report of the expert with regard to valuation, if any would be circulated for meeting of creditors/members |
| 6 | Section 232(3)(h) | Where under a Scheme of Compromise/Arrangement the transferor company is a listed company and the transferee company is an unlisted company, for exit opportunity to the shareholders of transferor company, valuation may be required to be made by the Tribunal |
| 7 | Section 236(2) |  For Valuing Equity Shares held by Minority Shareholders |
| 8 | Section 260(2)(c) |  For preparing Valuation report in respect of Shares and Assets to arrive at the Reserve Price for Company Administrator |
| 9 | Section 281(1) | For Valuing Assets for submission of report by Liquidator |
| 10 | Section 305(2)(d) | For report on the Assets of the company for preparation of declaration of solvency under voluntary winding up |
| 11 | Section319(3)(b) | For Valuing the interest of any dissenting member of the transferor company who did not vote in favour of the special resolution, as may be required by the Company Liquidator |
Steps to Become a Registered Valuer as a Chartered Accountant
Following steps are needed to become a Registered Valuer as a chartered accountant:
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Step1 :
Seek membership (as Valuer Member) with a Registered Valuers
Organisation (RVO). RVO for Chartered Accountants is ICAI Registered Valuers Organisation.
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Step2 :
Undertake mandatory 50 hours education course, in the asset Class, for
which registration as Registered Valuer is being sought i.e, Securities or Financial Assets.
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Step3 :
Pass Valuation Examination.
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Step 4 :
After passing the Registered Valuer Exam, apply for Registration as a Registered Valuer.
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Step 5 :
After Registration is granted by the Authority, one should apply for Certificate of Practice with RVO (ICAI RVO), within 3 years of passing an exam. Â
Membership with RVOs
First step in process of becoming a Registered Valuer is to seek membership with RVOs. A Chartered Accountant have to enroll with ICAI RVO for primary membership.
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To Register for ICAI RVO membership, you need to first visit
https://icairvo.in/Registration/Rlogin.aspx
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Then Sign Up and Create an Account. After signing up, you can apply online for membership by filling up the registration form and making the required payment from within your dashboard.
Membership fees : Rs. 5900 (Rs. 5,000/- + Rs. 900/- GST @ 18%)
50 Hours mandatory educational course
After taking membership with a RVO, next step is to take a 50 hours mandatory Educational Course.
ICAI RVO provide both Physical classes and Online classes of such course.Â
At first an announcement regarding the launch of upcoming batch of educational course by ICAI RVO will be hosted on its website. The link for same is:Â https://icairvo.in/
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Fees for Educational Course:
Physical Batch : 25000 plus 18% GST = Rs 29500
Online Batch : 15000 plus 18% GST = Rs 17700/-
Valuation Examination
After completing Educational Course candidate have to pass Valuation Examination conducted by IBBI.Â
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Syllabus to be covered:Â
- 1. Macroeconomics
- 2. Finance and Financial Statement Analysis
- 3. Professional/Business Ethics and Standards
- 4. General laws
- 5. Financial reporting under Indian Accounting Standards (Ind AS)
- 6. Overview of Valuation
- 7. Valuation Approaches
- 8. Valuation Application
- 9. Judicial Pronouncements on Valuation
- 10. Case Studies
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Examination Details:Â
The examination is conducted online (computer-based in a proctored environment) with 87 objective multiple-choice questions, 74 questions will be of 1 mark each and 13 questions of 2 marks each.
Duration : 2 hours
Passing Criteria : 60% of total marks
Negative mark : 25% of the marks assigned for the question
Exam fees : Rs. 1770/-Â
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A candidate may enroll and register at:
Registration with IBBI as a chartered accountant
Within 3 years of passing the exam, candidate will have to register himself with IBBI.
For registration Form A Â shall be duly filled in along with the requisite payment.
Attach all the relevant documents (self-attested) while filing the form.
Form A is available at:
https://www.ibbi.gov.in/rvs-register/pre-registration
After registration is granted the Authority would update details of the RV on its website and issue Certificate of Registration to RV;
Thereafter Respective RVO will issue Certificate of Practice to RV for
commencement of practice.