Valuers Empanelment Bank Form PDF Details

When it comes to professional valuation services, achieving a spot on a bank's trusted list of appraisers is a significant accomplishment that can open many doors. The Valuers Empanelment Bank Form serves as an initial step toward this goal, offering a structured way for valuation firms to present their credentials, experience, and capabilities to financial institutions looking for reliable valuation services. Beginning with the basics, it requires detailed information about the applicant firm, such as names, addresses, incorporation details, and the personnel's identities overseeing its operations. It also puts a spotlight on the scale and scope of the firm's valuation assignments, emphasizing the firm's branch network and the asset size of previously valued companies. Furthermore, it delves into the professional background of the valuers working with the firm, showcasing their accreditations and registrations with notable institutions, which underscores the firm's compliance with regulatory standards and professional excellence. Additionally, the form inquires about the firm's past engagements, including works for banks, government bodies, and other entities, which illustrates the firm's market reputation and reliability. Not least, it asks for disclosures on any past issues that might influence the firm's eligibility, such as legal challenges or sanctions, ensuring transparency and accountability. This comprehensive approach ensures that banks can make well-informed decisions when empaneling valuation firms, thereby upholding the integrity and quality of valuation services in the financial sector.

QuestionAnswer
Form NameValuers Empanelment Bank Form
Form Length6 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min 30 sec
Other namesapplication empanelment, sbi empanelment of valuers 2021, valuers empanelment, sbi valuer list 2020

Form Preview Example

Format A

APPLICATION FOR EMPANELMENT OF VALUER

I. Details of Firm

1Name of the Applicant/Firm:

2

Photo Identity of Managing Director /

 

 

 

Managing Partner

 

 

 

 

 

 

 

Please

affix

 

 

 

 

 

3

Name of the sister concern, if any

recent

passport

size photograph

 

 

 

 

 

4

Address

of

Registered

office

 

 

 

 

 

(including telephone nos. and e-mail

 

 

 

address etc.

 

 

 

 

 

5PAN No. of the firm.

6Date of Incorporation:

7Date of Registration:

[Please furnish documents in respect of 1

to 7 as Annexure-I]

II Details of Key Personnel:

1.Name of Managing Directors:

2.Names of Directors:

(Please specify if any of the partners/directors is a director or near specified relation of any officer of Syndicate Bank)

[Please attach details as Annexure-II]

IIIName of Valuers/Associates working with the Firm:

1.

2.

3.

(Please indicate all names)

IV Branch Network:

1.Number of Branches in various states: (Please indicate state-wise braches)

Number of Branches in each state: [Please attach details of the Branches

as Annexure-III]

2.

VNumber of valuations carried out:

Asset size (Fair Market Value) of the companies/units valued by valuation firm:

[Please indicate the number of assignments carried out in each category]

>Rs.200 cr.:

1.> Rs.100 cr. to Rs.200 cr.:

>Rs.50 cr. to Rs.100 cr.:

3.> Rs.10 cr. to Rs.50 cr.:

4.> Rs.5 cr. to Rs.10 cr.:

5.> Rs.1 cr. to Rs.5 cr.:

>Rs.50 lakh to Rs.1 cr.:

>Rs.20 lakh to Rs.50 lakh:

8.> Rs.10 lakh to Rs.20 lakh:

9.> Rs.5 lakh to Rs.10 lakh:

10.< Rs.5 lakh

11.[Please attach copies of work orders issued by concerned agencies to

carry out valuation as Annexure-IV]

1

VI

Details of

valuers’

registration

 

working for the valuation firm:

 

 

 

 

 

1.

Registration

of

the

valuers/their

 

associates with Institute of Valuers

2.

Registration

 

with

 

Govt.

Dept./Institution/Income

 

Tax/High

 

 

 

Court/DRT

 

Institute

of

 

Engineers/Other

Govt.

recognized

 

institutions:

 

 

 

 

Registration u/s 34AB of Wealth Tax:

(Please attach certificates of registration of each Valuer / Associate working with

3.the firm along with PAN number of Annexure-V]

VII Valuation work undertaken by the firm:

1.Number of assignments undertaken for Syndicate Bank during the last 5 years

Number of assignments undertaken

2.for other Banks (PSUs/Other Banks) during last 5 years.

Number of assignments undertaken

3.for DRT/High Court/ Income Tax/Other Govt. bodies during last 5 years:

(Please attach the copies of work orders awarded by concerned banks/agencies and list of reports submitted by the valuer as Annexure- VI)

VIII

Any Banker/Agency has black listed

 

your firm at any point of time for any

 

reason earlier. In case “yes” furnish

 

details.

 

 

IX

Any of your employees have been

 

convicted at any point of time before

 

any court and or any complaints

 

against your employees before CBI /

2

any other agency earlier (In case yes, please furnish the details)

X

Additional Information, if any:

XI

Remarks:

(Signature)

To be signed by authorized signatory

Date:

3

UNDERTAKING

I, We (Name)son of ShriProprietor/Partner 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 my concealment/distortion of facts furnished above is brought to notice of the Bank subsequent to empanelment/appointment by Syndicate Bank, Bank shall be at liberty to terminate the said empanelment/appointment without notice or damages whatsoever.

(Signature)

To be signed by authorized signatory

Designation

Date:

Photograph and signature of other key persons

Photograph

Photograph

Signature

Signature

4

Format of undertaking to be submitted by the valuers for empanelment

UNDERTAKING

I,......................................................................................................,son / daughter

of ………………………………………………... do hereby solemnly affirm and state that

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 have read and understood the “Handbook on Policy, Standards and

Procedures for Real Estate Valuation by Banks and HFIs in India 2010” of the

IBA and fulfil all the conditions of Criteria for Empanelment as listed therein

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

I/We understand that my/our opinion/ certification would be an input for the purpose of decision making by the Bank. Therefore, I/we would like to state that in the event of my/our opinion/certification turns out to be untrue and factually incorrect causing loss to the bank, the Bank may seek such clarifications as may be required to investigate the matter and fix the responsibility. In the event, it is established that there was gross negligence on my/our part or I/we had colluded with your customer in causing pecuniary

damage / loss to the Bank, the Bank may recommend my/our name for including in the caution list being maintained by the Indian Banks’ Association

for circulation amongst member banks. I/we understand that The Indian

Banks’ Association has been mandated by the RBI to do so.

Dated: …………………………….

(Signature)

Name…………………………………...

Address…………………………………

…………………………………………….

5