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    Empanelment of Valuers

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    Nandlal Kumavat
    The document is an application from a valuer seeking empanelment with a bank. It includes details about the valuer such as name, address, contact information, educational qualifications, professional experience, membership in professional associations, registration details, previous empanelments, references, and an undertaking and code of conduct agreeing to certain terms.

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    Empanelment of Valuers

    Uploaded by

    Nandlal Kumavat
    311 views4 pages
    The document is an application from a valuer seeking empanelment with a bank. It includes details about the valuer such as name, address, contact information, educational qualifications, professional experience, membership in professional associations, registration details, previous empanelments, references, and an undertaking and code of conduct agreeing to certain terms.

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    The document is an application from a valuer seeking empanelment with a bank. It includes details about the valuer such as name, address, contact information, educational qualifications, professional experience, membership in professional associations, registration details, previous empanelments, references, and an undertaking and code of conduct agreeing to certain terms.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    311 views4 pages

    Empanelment of Valuers

    Uploaded by

    Nandlal Kumavat
    The document is an application from a valuer seeking empanelment with a bank. It includes details about the valuer such as name, address, contact information, educational qualifications, professional experience, membership in professional associations, registration details, previous empanelments, references, and an undertaking and code of conduct agreeing to certain terms.

    Copyright:

    © All Rights Reserved
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    Application for empanelment of valuers with Banks

    (to be obtained in the Letterhead of the Agency)


    To,
    Maneger

    Date:
    Dear Madam/Sir,
    I am a valuer of immoveable properties (land and buildings/ plant and machinery/current asset)
    and desire to apply to your organization for empanelment.
    My particulars are given below: Name:
    . Sex:
    Date of Birth:..Age:....
    Address:...................................

    ..
    Tel No:...Mobile:
    E-Mail:Fax:.....

    Educational/Professional Qualifications:
    S.No. University/Institute/
    Qualification
    Examining Body

    Date of Award

    Number of years of experience in the field of valuation:...


    (Attach evidence in the form of reference letters/copies of valuation reports/any other
    evidence)
    Name and address of previous employer (if applicable):
    ...
    ...
    ...
    Details of previous empanelment, if any, with dates/duration:
    ...
    ...
    ...

    Membership of Professional Valuer Association (name and membership number):


    ...
    ...
    ...
    Registration with CBDT under Wealth Tax Act (Regn. No. and date):
    ...
    ...
    Permanent Account Number ( PAN ) of Income Tax Department:.
    References: 1)
    2)
    3)
    If the firm is partnership concern Name of the Partners and a Brief profile with their
    Qualification & experience
    Registration number as allotted by ICAI/ other professional bodies
    Service Tax Registration Number
    Details of major assignment handled so far ( Furnish Nature of Assignment, Nature of
    Assets, & Amount)
    Whether any allied firms / partners are already empanelled for any other type of audits for
    the Bank / FI. If so, furnish details
    Whether Applicant was delisted from any Banks Panel on any earlier occasion. If so furnish
    details.
    The above information about me is true to the best of my knowledge and if found incorrect, I
    will be fully responsible for the consequences.
    Enclosed: Attested photocopies of all certificates/documents of proof
    Dated: .
    Signature.
    Name...
    Address

    Format of undertaking to be submitted by the valuers for empanelment


    (to be obtained in the Letterhead of the Agency)
    UNDERTAKING
    I,
    ...................................................................................son
    /
    daughter
    ... do hereby solemnly affirm and state that

    of

    I am a citizen of India
    I have not been removed/dismissed from service/employment earlier
    I have not been convicted of any offence and sentenced to a term of imprisonment
    I have not been found guilty of misconduct in professional capacity
    I am not an undischarged insolvent
    I have not been convicted of an offence connected with any proceeding under the Income
    Tax Act 1961, Wealth Tax Act 1957 or Gift Tax Act 1958 and
    My PAN Card number/Service Tax number as applicable is .
    I undertake to keep you informed of any events or happenings which would make me
    ineligible for empanelment as a valuer
    I have not concealed or suppressed any material information, facts and records and I have
    made a complete and full disclosure
    Dated: .
    Signature.
    Name...
    Address

    Code of Conduct
    (to be obtained in the Letterhead of the Agency)
    All valuers empanelled with banks and housing finance institutions shall strictly adhere to this
    code of conduct :
    To express an opinion only when it is founded on adequate knowledge and honest
    conviction
    To refrain from misrepresenting qualifications or work experience
    To treat all information procured during the course of the business as confidential
    To observe integrity and fair play in the practice of the profession
    To refrain from undertaking to review the work of another valuer of the same client
    except under written orders from the bank or housing finance institution and with knowledge
    of the concerned valuer
    To give unbiased valuation report conforming to standards and conforming to the objective
    opinion of the property and not to attempt merely to accommodate the interests of the client
    To steer clear of situations where interests and duty clash
    To conduct oneself in such a manner which will not prejudice the professional status or
    reputation of the profession
    To follow this code as amended or revised from time to time

    Dated: .
    Signature.
    Name...
    Address

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