Online Delivery of Educational and Continuing Education Courses for Valuers · IBBI/RVO/032/2020
IBBI circular IBBI/RVO/032/2020 · 20 Mar 2020
Official title
Educational Course and Continuing Education under the Companies (Registered Valuers and Valuation) Rules, 2017
Official record
Open source pageSummary
Check the official recordWhat changed
The Insolvency and Bankruptcy Board of India allows Registered Valuer Organisations to deliver educational courses and continuing education online. The authority issues this temporary relaxation because advisories regarding COVID-19 make classroom sessions difficult. Registered Valuer Organisations may provide online learning to minimize difficulties for professional members. This online dispensation applies until 30th September 2020.
What you must do
- Registered Valuer Organisations are encouraged to deliver educational courses and continuing education online for their professional members.
Key dates
- Advisory Date
- 20 Mar 2020
- Dispensation Expiry Date
- 30 Sept 2020
Document text
Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001
ADVISORY
No. IBBI/RVO/032/2020 20th March, 2020
To All Registered Valuer Organisations (RVOs) (By mail to registered email addresses and on website of the IBBI)
Dear Madam / Sir,
Subject: Educational Course and Continuing Education under the Companies (Registered Valuers and Valuation) Rules, 2017.
Clause (a) of sub-rule (2) of rule 12 of the Companies (Registered Values and Valuation) Rules, 2017 requires that a Registered Valuer Organisation (RVO) shall conduct educational courses in valuation, in accordance with the syllabus determined by the Authority for its valuer members. In pursuance of this, the Insolvency and Bankruptcy Board of India (IBBI), being the Authority, has determined the syllabus and has been reviewing it from time to time. In its last review notified on 14th January, 2019, effective for Examinations from 1st April, 2019, it has been specified that the educational courses shall be delivered by an RVO in not less than 50 hours in classroom mode.
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Clause (e) of sub-rule (2) of rule 12 of the Companies (Registered Values and Valuation) Rules, 2017 requires an RVO to provide continuing education to its members. It was decided in the 12th monthly meeting of CEOs/MDs of RVOs, held on 07th February 2019, that the continuing education will be conducted in classroom mode.
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In view of the advisories issued by various authorities in the wake of COVID-19, it may be difficult for RVOs to deliver educational courses and continuing education through class room sessions. To minimise difficulties for the registered valuers and valuer members, it has been decided that educational courses completed online and continuing education undertaken online shall be considered valid. Therefore, the RVOs are encouraged to deliver educational courses and continuing education online for their professional members.
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The dispensation in Para (3) above will be available till 30th September, 2020.
Yours faithfully, Sd/- (Debajyoti Ray Chaudhuri) Chief General Manager Email: dr.chaudhuri@ibbi.gov.in
Source details
- Source
- Insolvency and Bankruptcy Board of India
- Type
- circular
- Published by source
- 20 Mar 2020
- Document number
- IBBI/RVO/032/2020
- Coverage area
- insolvency