How to Become a Government-Approved Valuer in India

Registered Valuer Registration in India: Eligibility and Process

Many people search for information on how to become a “government-approved valuer.” While the term is still widely used, it is somewhat outdated. Under the current framework, the designation that carries legal recognition for many formal valuation assignments is the Registered Valuer, regulated by the Insolvency and Bankruptcy Board of India (IBBI) under the Companies Act, 2013.

So, what does it take to become a Registered Valuer, and how does the registration process work? Here’s a step-by-step look at the process.

What Does “Government-Approved Valuer” Mean Today?

The term “approved valuer” comes from an earlier system in which valuers could be approved by tax authorities for specific purposes. The term is still commonly used, but the regulatory framework has since changed.

Today, valuation work covered by company law and certain insolvency-related requirements generally requires a Registered Valuer under Section 247 of the Companies Act, 2013, along with the Companies (Registered Valuers and Valuation) Rules, 2017.

Banks, courts and government departments may also maintain their own panels of valuers, each with its own eligibility and empanelment requirements. However, if your aim is to build a career in statutory valuation, becoming an IBBI-registered valuer is the key route to consider.

Step 1: Choose Your Asset Class

Registered Valuers can register under one or more of three asset classes:

  • Land and Building
  • Plant and Machinery
  • Securities or Financial Assets

The right category depends largely on your educational background and professional experience. For example, engineers and architects may be suited to Land and Building or Plant and Machinery, while finance professionals generally pursue Securities or Financial Assets.

Step 2: Check Your Eligibility

Before starting the registration process, make sure you meet the education and experience requirements for your chosen asset class.

The requirements are based on both your qualification and your post-qualification experience. These are explained in more detail below.

Step 3: Complete the 50-Hour Educational Course

Once you have chosen your asset class, you need to complete a 50-hour educational course for that class.

The course covers areas such as valuation principles, valuation standards, applicable laws and professional ethics. If you plan to register for more than one asset class, a separate course is required for each.

Step 4: Pass the Valuation Examination

The next step is to clear the valuation examination for your chosen asset class.

The exam is conducted online, and once you pass, the result remains valid for three years. This means you should plan your registration application within that period.

Step 5: Become a Member of an RVO

You also need to enrol with a Registered Valuers Organisation (RVO) recognised by IBBI. RVOs play an important role in the profession. They enrol and support valuers, provide education and training, monitor professional conduct and deal with complaints. Membership of an RVO is also part of maintaining your registration as a valuer.

Step 6: Apply for Registration With IBBI

Once you have completed the required course, passed the examination and met the other eligibility conditions, you can apply for your certificate of registration with IBBI.

The application is generally submitted through your RVO along with the required documents and fees. IBBI then reviews the application and issues the registration certificate if all requirements are satisfied.

Eligibility Requirements for Registered Valuers in India

The exact requirements depend on the asset class, but IBBI's published guidance for individual applicants broadly requires the following.

1. Education and Experience

You need a qualification in a discipline relevant to your chosen asset class, along with the required experience. The qualifying routes generally include:

  • A postgraduate degree or diploma in a relevant discipline, along with at least 3 years of post-qualification experience
  • A bachelor’s degree or equivalent, along with at least 5 years of post-qualification experience
  • Membership of a professional institute established by an Act of Parliament, along with at least 3 years of experience after becoming a member

2. Your Qualification Must Match the Asset Class

Your educational background needs to be relevant to the asset class you want to register for.

Some examples include:

  • Land and Building: A B.Arch with the required valuation experience
  • Plant and Machinery: A BE in Mechanical or Electrical Engineering with the required experience
  • Securities or Financial Assets: An MBA with a finance specialisation or a Chartered Accountant with relevant experience in valuing financial securities

If your qualification was obtained outside India, you may also need an equivalence certificate confirming that it is recognised in India.

3. Complete the Educational Course

A 50-hour educational course is required for each asset class you apply for.

4. Clear the Valuation Examination

You must pass the examination for each asset class in which you want to register. The examination result is valid for three years.

5. Meet the “Fit and Proper Person” Requirement

IBBI also considers whether an applicant is a fit and proper person.

This includes factors such as integrity, reputation, competence and financial solvency. Certain convictions, disciplinary issues or penalties may affect eligibility or delay the registration process.

6. Become a Member of an RVO

You must be a valuer member of a recognised RVO for the relevant asset class. The RVO also needs to recommend your application for registration.

7. Check Your Employment Status

There is an important point that applicants sometimes overlook: you may take the valuation examination while employed, but you must not be in employment when you apply for registration.

Even a nominal position in a family business can potentially be treated as employment, so it is worth checking your situation carefully before submitting the application.

What Happens After You Become a Registered Valuer?

Registration is not the end of the process. Registered Valuers have ongoing professional responsibilities. You are expected to follow the applicable code of conduct and valuation standards, maintain independence, disclose conflicts of interest, complete continuing professional education and maintain proper records of your assignments.

IBBI can also take disciplinary action in cases of professional misconduct. In practice, this means that maintaining proper documentation and following ethical standards is just as important as having strong technical valuation skills.

If your goal is to become a government-recognised valuation professional in India, start by choosing the asset class that matches your qualifications and experience. From there, check your eligibility, complete the 50-hour educational course, pass the valuation examination, enrol with an RVO and submit your registration application to IBBI.

Because eligibility rules, examination requirements and fees can change, always verify the latest requirements directly with IBBI and your chosen RVO before starting the process.

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