1. IN MINUTES OF THE 12th MEETING WITH THE MDs/CEOs OF REGISTERED VALUERS ORGANISATIONS HELD ON 7TH FEBRUARY, 2019 AT 02.30 P.M. AT INSOLVENCY AND BANKRUPTCY BOARD OF INDIA
The requirements of Continuing Education Program (CEP) were discussed. It was clarified that CEP will be required for individual RVs and partners / directors of partnership / company RVs. It will not be mandatory for other members, who are not RVs. RVOs suggested that some of them conduct 16 hours CEP in a year. It was decided that:
a. To start with, 16 hours of CEP may be made mandatory for RVs;
b. IBBI shall monitor compliance with the CEP requirements from 1st April, 2019;
c. The CEP will be conducted through classroom mode; and
d. To facilitate RVs complete CEP, a member of an RVO can participate in the CEP of another RVO.
2. IN THE MINUTES OF THE 22nd MEETING WITH THE MDs/CEOs OF REGISTERED VALUERS ORGANISATIONS HELD ON 09th DECEMBER 2019 AT 02.30 P.M. AT INSOLVENCY AND BANKRUPTCY BOARD OF INDIA
CEP: The issue regarding CEP for RVs was discussed. It was decided as under: i) A valuer member can participate in the CEP programme conducted by any RVO and would be provided credit for the same; ii) One or more RVOs may jointly organise programmes for CEP and the fees may be shared on a pro rata basis; iii) The fees of the CEP organised by an RVO shall only be credited to the bank account of the RVO, who is conducting the program; iv) The manner of taking CEP by a RV shall be flexible in the intial years, it can be spread over a period of one year or may be taken at one instance. The Board will review this after 18 or 24 months; v) CEP credits should be accorded only for technical sessions conducted during a programme.
3. Insolvency and Bankruptcy Board of India(Online Delivery of Educational Course and Continuing Professional Education by Insolvency Professional Agencies and Registered Valuers Organisations)Guidelines, 2020