About Registered Valuer
Central Govt. has delegated the powers to Insolvency and Bankruptcy Board of India (IBBI) to function as authority under these rules.
Currently a valuer shall conduct valuation required under the Companies Act, 2013 and Insolvency and bankruptcy code, 2016 as per Companies (Registered Valuers and Valuation) Rules, 2017.
As per annexure IV, registration as registered valuer is allowed in three assets classes i.e. Securities or Financial Assets, Plant and Machinery, Land and Building.
The mandatory conditions to become Registered Valuer are:
- Meet criteria as per Rule 3
- Meet Education Qualification and experience (as per Rule 4)
- Undergo Educational Course of 50 hours (as per rule 5)
- Passing of Valuation examination (as per Rule 5)
- Undergoing Training [as per Rule 12(2)(c) ]
- Enrolment as valuer member with RVO,
- Educational Course of 50 hours as member of RVO
- Pass valuation examination conducted by IBBI at NISM Centres.
- Undergoing Training with RVO.
- Apply for registration with IBBI.
IBBI through a designated agency (NISM) is conducting valuation examination for all asset classes to test the professional knowledge, skills, values and ethics in respect of valuation. It is a 2 hours MCQ based examination for 100 Marks.
The syllabus prescribed by the IBBI is available on its website or click the below to asset class to check the syllabus.
The format of examination prescribed by IBBI is as under:
- The examination is conducted online (computer-based in a proctored environment) with objective multiple-choice questions;
- The duration of the examination is 2 hours;
- A candidate is required to answer all questions;
- A wrong answer attracts a negative mark of 25% of the marks assigned for the question;
- A candidate needs to secure 60% of marks for passing;
- A successful candidate is awarded a certificate by the IBBI;
- A candidate is issued a temporary mark sheet on submission of answer paper; and
- No workbook or study material is allowed in exam.
- A candidate may use a non-memory based calculator. No mobile phone is allowed.
Yes, as per Rule 3(1)(c) a person has to make the application for registration as valuer within 3 years of passing of examination.
An individual may appear for the valuation examination any number of times.
A registered valuer cannot conduct valuation of the assets or class(es) of assets other than for which he/it has been registered by the IBBI.
A registered valuer cannot conduct valuation of the assets or class(es) of assets other than for which he/it has been registered by the IBBI.
ABOUT MOCK TEST
One can appear for mock test even if he/she is not a member of RVO. This mock test is developed to facilitate candidates planning valuation examination. Even if you have not enrolled with any RVO, you can still test yourself and have a feel of the real examination. You just require an email id and mobile number to register your self and appear for the mock test.
The question bank for the mock test is developed by a team of Registered valuers and other professionals having vast experience. Each test picks up random questions from the respective topic of the syllabus as per the marks allotted, for e.g., macro economics is for 3 marks you will find 3 questions from macro economics in each mock test, that makes each mock test unique in itself. Moreover, the realistic case studies is USP of our mock test.
After the exam, beside your score with topic wise score card you will also get the correct answers for all theory questions and detailed solution for all case studies.
We are using the leading service provider “FlexiQuiz” for conducting the online Mock tests. The test is available 24×7. You can appear in the test as per your availability and comfort.
You can buy the mock directly from our website. For 1 Mock test you can appear immediately after making the payment.
For 6 mock test, user account is created which remain valid for 180 days and you can appear in mock test as per your convenience. You can write to us at support@rvmocktest.online for any issue.
The mock test is for practice and to prepare your self for the actual examinations. You do not have to go anywhere to appear in the mock test. You can appear in the mock test from your home.
No, once started you can not pause the mock test. You would have to complete the test once started. However, you can start the test as per your convenience.
Yes, you can mark the question for review. Also, you can navigate and move to any question. The bottom panel shows the list of all question number in you test, you can click to question number to reach to that question directly.
Similar to valuation exam, mock test will have a total of 77 questions, 74 Questions carrying 1 mark each and 3 case studies for remaining 26 marks comprising, one case study with six 2-mark questions, for 12 marks, second case study with four 2-mark questions, for 8 marks, and third case study with three 2-mark questions, for 6 marks. Each mock test is unique, derived by the system from our question bank. The test is designed in such a manner so as to be comprehensive in terms of coverage of the examination syllabus.
You would get the result immediately once you press the submit button along with the detailed scorecard. You can then press review button to know the correct answers or solutions for practical questions.
You are only allowed to check your score and correct answers (solutions for case studies) by logging in to your account or by using the link provided. There is no option to download the Pdf copies of either the mock test or the solutions.
Yes, after making the payment, you will get a link in your mail box/login id to appear in the mock test. You can use the same link/login details to resume your test. However, the time lost due to disconnection will not be compensated.
If you have any query you can write to us at support@rvmocktest.online