unlimited years
 

Institution Of Valuers Membership Illegal Without Examination.....!

Valuers Buying Membership Certificate Without Examination....

 
 

15 April 2016

 
  India RTI News Exclusive  
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Institution Of Valuers have around 25 thousand members but the process of including members are illegal as per law. Complaint has been registered by social activist in all PSU banks about violation of wealth tax act .PSU Banks offering valuation business to members of Institute of Valuers (IOV). But Institution of Valuers giving membership without conducting exams ( violating rule no.8 A (14) wealth tax rules 1957).So the unqualified members are getting membership without examination. The nexus of IOV with PSU banks is continuous  from last 40 years but no  PSU bank  got alerted . So becoming member of IOV by paying fees and getting certificate has no worth. It has been exposed in PSU Banks that these membership are of violation of rule no. 8A(14) Wealth tax rules 1957. Buying degree with fake process is offence and IPC 420 can be booked for such valuers if any body complaint to police.SBI Chairman has forwarded this complaint for action to Credit section as per PRO of SBI chairman office.

 
     
     
     
 

 

 
   
     
     
     
     
     
     
     
     
     
     
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