Valuer and Valuation Companies Act 2013

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1. From which date Section and Rules of Registered Valuers and Valuation come into force ?

1 point

25-11-2017

18-01-2018

18-10-2017

23-10-2017

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2. Who is the Regulatory authority prescribed to perform functions under this Rule ?

1 point

ICAI

ICWAI

IBBI

ICSI

Clear selection

3. Name of the Rule prescribed for conduct of valuation under Companies Act, 2013 ?

1 point

Companies (Registered Valuers and Valuation of Financial Assets) Rules, 2017

Companies (Valuers and Registration of Registered Valuer Organisation) Rules, 2017

Companies (Registration and Valuers) Rules, 2017

Companies (Registered Valuers and Valuation) Rules, 2017

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4. In which Chapter Companies (Registered Valuers and Valuation) Rules, 2017 is prescribed ?

1 point

CHAPTER XVIII

CHAPTER XVII

CHAPTER XV

CHAPTER XVI

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5. Which Section is prescribed for Registered valuers under Companies Act, 2013 ?

1 point

247

248

249

246

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6. Which of the following is mandatory condition for become a Registered Valuer ?

1 point

Valuation Examination

Experience, Passing of Valuation Examination

Education Qualification, Experience

Education Qualification, Experience, Passing of Valuation Examination

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7. Who is the appointing authority as per Section 247 for registered valuers in the Company ?

1 point

Nomination and Remuneration Committee

Stakeholder Relationship Committee

Members

Audit Committee or in their absence by Board of Directors

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8.In which Rule provisions regarding Valuation examination is prescribed ?

1 point

Rule 4

Rule 7

Rule 6

Rule 5

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9. How much time an individual can appear for valuation examination ?

1 point

4 times

8 time

Any number of times

5 times

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10. What is the time period for making of application for being registered as a Registered Valuer after passing of examination ?

1 point

1 years

5 years

2 years

3 years

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11. Which is the Assets class in which Company Secretaries, Chartered Accountants, Cost Accountants are allowed to get registered as Registered Valuers ?

1 point

Plant and Machinery

Land and Building

Securities or Financial Assets

All of the above

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12. How much experience is required as per Rule 4 if a person is having post-graduate degree or post-graduate diploma in the specified discipline ?

1 point

3 years

2 years

5 years

6 years

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13. What is the Form number for making an application under Rule 6 by Individual for being Registered as a Registered Valuer ?

1 point

FORM D OF ANNEXURE II

FORM C OF ANNEXURE II

FORM B OF ANNEXURE II

FORM A OF ANNEXURE II

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14. What is the Form number for making an application under Rule 6 by a Partnership firm/Company for being Registered as a Registered Valuer ?

1 point

FORM A OF ANNEXURE II

FORM B OF ANNEXURE II

FORM C OF ANNEXURE II

FORM D OF ANNEXURE II

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15. What is the application fees for making an application for certificate of registration under Rule 6 by an individual ?

1 point

10000

15000

100000

5000

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16. What is the application fees for making an application for certificate of registration under Rule 6 by Partnership Firm or Company ?

1 point

10,000

5,000

15,000

1,00,000

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17. Whether a Registered Valuer can transfer its membership from one Registered Valuers Organisation to another ?

1 point

Yes, with prior approval of Authority (IBBI)

Yes, without approval of Authority

Yes, with approval of Registered Valuer Organisation

No, can't transfer

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18. What is the time period for maintenance of documents and record by Registered Valuer after completion of each such assignment ?

1 point

3 years

6 years

5 years

4 years

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19. How much experience required after the membership of ICAI, ICSI, ICWAI for become a Registered Valuer as per Rule 5 ?

1 point

5 years

4 years

2 years

3 years

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20. In which Rule eligibility of Registered Valuer is prescribed ?

1 point

Rule 6

Rule 5

Rule 3

Rule 4

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21. What is the qualifying marks for passing valuation examination under Rule 5 ?

1 point

60% marks

37% marks

50% marks

40% marks

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22. How much experience is required for becoming Registered Valuer if a person is Graduate or equivalent in the Specified Discipline?

1 point

2 years

4 years

5 years

3 years

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23. In which Form certificate of registration is issued to Registered Valuers under Rule 6 ?

1 point

FORM E OF ANNEXURE II

FORM C OF ANNEXURE II

FORM B OF ANNEXURE II

FORM D OF ANNEXURE II

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24. In which Form application can be made for becoming Registered Valuers Organisation ?

1 point

FORM C OF ANNEXURE II

FORM D OF ANNEXURE II

FORM B OF ANNEXURE II

FORM A OF ANNEXURE II

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25. How much time period will be given to remove deficiency in application to the applicants as per Rule 6 and Rule12 ?

1 point

23 days

20 days

21 days

22 days

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26. In how much time Certificate of Registration will be issued to Registered Valuer under Rule 6 ?

1 point

21 days from the date of application

70 days from the date of application

50 days from the date of application

60 days from the date of application

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27. To whom complaint may be filed as per Rule16 against Registered Valuer or Registered Valuers Organisation ?

1 point

ICAI

NCLT

ICSI

IBBI

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28. How many modules are prescribed for Valuation Examination under Rule 5 ?

1 point

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29. Whether a Person Resident Outside India can become a Registered valuer ?

1 point

Yes

All of the above

Sometimes

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30. Which of the following Partnership Firm can become a Registered Valuer as per Rule 3 ?

1 point

Both Registered and Unregistered Partnership Firm

Registered partnership firm

Unregistered partnership firm

Partnership Firm can't be a Registered valuer

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31. Who will provides the educational course and training to Registered Valuer and Valuer Member as per Rule12 ?

1 point

IBBI

ICAI

ICSI

Registered Valuers Organisation

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32. If a person is Graduate in Civil Engineering, Architecture or town planning of a recognised University in which of the assets class it can become Registered valuer ?

1 point

Plant and Machinery

Land and Building

in all class

Securities or Financial Assets

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33. As per Rule 11 from which date valuation by Registered Valuer become necessary ?

1 point

31st December 2018

1st July 2018

1st october 2018

1st June 2018

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34. who can become Registered valuers Organisation (RVO) ?

1 point

All of the above

Professional institute established by act of parliament

Society registered under society under the Societies Registration Act, 1860

Section 8 company

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35. A person who is not a valuer member of Registered Valuers Organisation can become a Registered Valuer ?

1 point

Sometimes

Yes

No such requirement

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36. A company which is joint venture/subsidiary/associate of another Company, will it be registered as registered valuer ?

1 point

Yes, in all cases

Yes, if its only joint venture and subsidiary

No, it can't if its subsidiary/associate/joint venture of another company

No, Company can't become a registered valuer

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37. To whom registered valuer can temporary surrender its valuation Certificate as prescribed in Rule 9 ?

1 point

State Government

Ministry of corporate affairs

IBBI

Central Government

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38. When syllabus, format and frequency of the valuation examination, including qualifying marks will be published by Registered valuers organisation ?

1 point

3 months before examination

4months before examination

5 months before examination

2 months before examination

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39. In how much time Registered Valuers Organisation needs to convert itself into Section 8 Company ?

1 point

Within 1 year from the date of notification

within 1 year from the end of financial year

within 6 month from the date of notification

within 60 days from the end of calendar year

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40. In which Rule Qualification and experience for become a Registered Valuer is prescribed ?

1 point

Rule 4

Rule 5

Rule 6

Rule 7

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41. In case a Partnership Firm is a Registered Valuer who will be liable for valuation assignments conducted by firm ?

1 point

Partnership firm along with partner who signs and acts in respect of a valuation assignment on behalf of the partnership entity

Partner entity severally

Only partner liable

None of these

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42. In which Annexure matrix of requisite qualifications and experience in specific discipline is prescribed ?

1 point

Annexure III

Annexure IV

Annexure I

Annexure II

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43.As per Companies (Registered Valuers and Valuation) Rules, 2017 a Partnership Firm includes ?

1 point

only LLP

Registered Partnership firm and Limited Liability Partnership

Unregistered Partnership Firm

only registered partnership firm

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44. What will be define as Fit and proper person as per Rule 3 ?

1 point

Integrity, reputation and character,

Unsound mind

Minor

Insolvent person

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45. In which of the field valuation is necessary ?

1 point

Valuation of Assets Involved in Arrangement of Non cash transactions involving Director u/s192(2)

all of the above

Valuing assets for submission of report by liquidator u/s281(1)

Valuation report for Further Issue of Shares u/s62(1)(c)

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46. In case a company is a Registered valuer who will be liable for valuation assignments conducted by it ?

1 point

Company liable

Director severely liable

Company along with director who signs and acts in respect of a valuation assignment on behalf of the company;

None of these

Clear selection

47. Who is the authority to cancel and suspend the Certificate of recognition or Certificate of registration of registered valuer organisation or registered valuer ?

1 point

State government

IBBI

ICWAI

ICSI

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48. As per Rule 3 what does Specific discipline means ?

1 point

Which is relevant for valuation of an asset class for which the registration as a Valuer is sought

Which is following code of conduct

Following the procedure accordingly

It should be properly registered

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49. Who will solve the grievances of valuer members of RVO ?

1 point

NCLT

Central Government

COURT

RVO

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50.Who will notify the valuation standards under Rule 18 for Registered Valuer ?

1 point

Ministry of Corporate Affairs

Central Government

NCLT

State Government

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