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    (Application Format For Empanelment of Valuers With Banks) (To Be Obtained in The Letterhead of The Valuer)

    Uploaded by

    Subramaniam Ganesan
    The document is an application for empanelment as a valuer with a bank. It requests empanelment and provides details about the applicant such as name, address, qualifications, experience, membership in professional associations, tax registration numbers, and references. It includes an undertaking that the information provided is true and the applicant agrees to termination if any information is found to be concealed or distorted. Required documents such as certificates and licenses are listed for enclosure with the application.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    (Application Format For Empanelment of Valuers With Banks) (To Be Obtained in The Letterhead of The Valuer)

    Uploaded by

    Subramaniam Ganesan
    258 views5 pages
    The document is an application for empanelment as a valuer with a bank. It requests empanelment and provides details about the applicant such as name, address, qualifications, experience, membership in professional associations, tax registration numbers, and references. It includes an undertaking that the information provided is true and the applicant agrees to termination if any information is found to be concealed or distorted. Required documents such as certificates and licenses are listed for enclosure with the application.

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    Empanelment-of-Valuers

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    The document is an application for empanelment as a valuer with a bank. It requests empanelment and provides details about the applicant such as name, address, qualifications, experience, membership in professional associations, tax registration numbers, and references. It includes an undertaking that the information provided is true and the applicant agrees to termination if any information is found to be concealed or distorted. Required documents such as certificates and licenses are listed for enclosure with the application.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    258 views5 pages

    (Application Format For Empanelment of Valuers With Banks) (To Be Obtained in The Letterhead of The Valuer)

    Uploaded by

    Subramaniam Ganesan
    The document is an application for empanelment as a valuer with a bank. It requests empanelment and provides details about the applicant such as name, address, qualifications, experience, membership in professional associations, tax registration numbers, and references. It includes an undertaking that the information provided is true and the applicant agrees to termination if any information is found to be concealed or distorted. Required documents such as certificates and licenses are listed for enclosure with the application.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    (Application format for empanelment of Valuers with Banks)

    (to be obtained in the Letterhead of the Valuer)


    To
    ………………………..
    ………………………..

    Date: …………………

    Dear Madam/Sir,

    I am a valuer of immoveable / moveable properties (land and buildings/ plant and


    machinery/ current assets) and desire to apply to your organization for empanelment.

    My particulars are given below:

    Name:

    Father’s name: Mother’s name:


    Sex: DOB: Age

    Address

    Tel.no : Mobile:
    Email: Fax:

    Educational/Professional Qualifications of Promoters/Key Personnel/Officials:

    Sr.No University/Institute/ Qualification Date of Award


    Examining Body

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


    (Attach evidence in the form of reference letter/empanelment letters issued by
    Banks/Financial Institution/NBFC/High courts/copies of valuation reports/any other
    evidence)

    No of assignments successfully completed as valuer during immediate/preceding 3


    years…………
    Name and address of previous employer (if applicable):
    ……………………………………………………………………………………...
    …………………………………………………………………………... ………..

    Details of previous empanelment, if any, with dates/duration:


    ……………………………………………………………………………………...
    ……………………………………………………………………………………...
    ……………………………………………………………………………………...
    1
    Membership of Professional Valuer Association (name and membership number):
    ……………………………………………………………………………………...
    ……………………………………………………………………………………...
    ……………………………………………………………………………………...
    ……………………………………………………………………………………...

    Registration with CBDT under Wealth Tax Act (Regn. No. and date and copy to be
    enclosed):
    ……………………………………………………………………………………...
    ……………………………………………………………………………………...
    Permanent Account Number (PAN) of Income Tax Department:……………….

    GSTIN Number of the firm:………………………………………………………..

    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
    ■ 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
    valuation for the Bank / FI. If so, furnish details
    ■ Whether Applicant was delisted from any Bank’s 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

    2
    UNDERTAKING

    I/We,………………………….(name)Son-of Shri………….Proprietor/Partner/

    Director of M/s……….., state that the information furnished above is true and correct to
    the best of my/our knowledge. I/We agree that in the event that any
    concealment/distortion of facts furnished above is brought to notice of the Bank
    subsequent to empanelment/appointment by IDBI Bank Ltd, IDBI Bank Ltd would be at
    liberty to terminate the said empanelment/appointment without notice or damages
    whatsoever.

    (Signature)
    To be signed by authorized signatory
    Designation

    Dated: …………………

    Enclosures:

    Self Attested copy of following documents:


    (i) Certificates proving Educational qualifications.
    (ii) Experience Certificate.
    (iii) Copy of Registration, if any.
    (iv) Reference Letters.
    (v) Copy of Membership of Professional Bodies, if any.
    (vi) Copy of PAN Card / GSTIN, etc.
    (vii) Address proof.
    (viii) Memorandum and Articles of Association in Case of Companies/Partnership deed
    in case of Partnership Firm.
    (ix) Copy of Income tax returns (duly acknowledged by IT) and latest “IT assessment
    order”.

    3
    Format of undertaking to be submitted by the Valuers for empanelment

    (Notes: (1) To be stamped as an Affidavit in accordance with the local Stamp Law in force in

    the State in which it is sworn/affirmed before the Magistrate; and (2) To be affirmed before a

    Notary Public or a Magistrate or any other person competent to administer oaths, who should

    affix his Official Seal.

    UNDERTAKING
    I, ...................................................................................son / daughter of
    ………………………………………………... do hereby solemnly affirm and state that :
    1)

    a) I am a member of ………………..Valuer associations,


    b) possesses the qualifications and experience

    c) I am not a minor;

    d) I have not been declared to be of unsound mind;

    e) I am not an un-discharged bankrupt, or has not applied to be adjudicated as a


    bankrupt;
    f) I am a citizen of India,

    g) Has not been convicted by any competent court for an offence punishable with
    imprisonment for a term exceeding one month or for an offence involving moral
    turpitude, and a period of five years has not elapsed from the date of expiry of the
    sentence:

    h) None of the promoter/directors/key personnel have been convicted of any offence and
    sentenced in respect thereof to imprisonment for a period of seven years or more.

    i) has not been levied a penalty under section 271J of Income-tax Act, 1961 (43 of 1961)
    and time limit for filing appeal before Commissioner of Income-tax (Appeals) or Income-
    tax Appellate Tribunal, as the case may be has expired, or such penalty has been
    confirmed by Income-tax Appellate Tribunal, and five years have not elapsed after levy
    of such penalty; and

    j) Is a fit and proper person:

    4
    2) I am aware that No partnership entity or company shall be eligible to be empanelled
    as valuer if:

    a) it has been set up for objects other than for rendering professional or financial services,
    including valuation services and that in the case of a company, it is not a subsidiary,
    joint venture or associate of another company or body corporate;

    b) it is undergoing an insolvency resolution or is an un-discharged bankrupt;

    c) all the partners or directors, as the case may be, are not ineligible under clauses (b), (c),
    (d), (e),(f), (g), (h), (i) and (j) mentioned above;

    3) I on behalf of ………..Agency undertake to keep the Bank informed of any events or


    happenings which would make me ineligible for empanelment as a valuer, and

    4) I have not concealed or suppressed any material information, facts and records and I
    have made a complete and full disclosure.

    Solemnly affirmed at ___________ on ___ the Day ________ 20____


    (Authorised Signatory)
    Deponent
    Identified By Me

    Notary Public

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