Which is not include in Ethics?

Compliance with Model code of conduct for registered valuers are specified under Rule:

Model Code of Conduct for Registered Valuers are specified in……...:

Valuation by registered valuers is defined under which Chapter of Companies Act 2013

A valuer shall in the conduct of his/its business follow …….. standards of integrity and fairness in all his/its dealings with his/its clients and other valuers:

A valuer shall maintain integrity by being honest, straightforward, and forthright in all<br />……….relationships:<br />

A valuer shall endeavor to ensure that he/it provides …..... and adequate information and shall<br />not misrepresent any facts or situations:<br />

A valuer shall ….......from being involved in any action that would bring disrepute to the<br />profession:<br />

A valuer shall keep …....... interest foremost while delivering his services.

A valuer shall render at all times high standards of service, exercise, due diligence, ensure<br />proper care and exercise independent… judgment:<br />

A valuer shall carry out professional services in accordance with the relevant ….............and<br />professional standards that may be specified from time to time:<br />

Valuer shall ……..maintain professional knowledge and skill to provide competent professional service based on up-to-date developments in practice, prevailing regulations/ guidelines and techniques:

In the preparation of a valuation report, the valuer Shall not disclaim liability for his/its …....... or deny his/its duty of care, except to the extent that the assumptions are statements of fact provided by the company and not generated by the valuer.

A valuer shall not carry out any instruction of the …................... insofar as they are incompatible with the requirements of integrity, objectivity and independence

A valuer shall clearly …...... to his client the services that he would be competent to provide and the services for which he would be relying on other valuers or professionals or for which the client can have a separate arrangement with other valuers.

A valuer Shall act with objectivity in his/its professional dealings by ensuring that his/its decisions are made without the presence of any bias, conflict of interest, ........, or undue influence of any party, whether directly connected to the valuation assignment or not.

A valuer shall not take up an assignment if he/it or any of his/its relatives or associates is not independent in terms of ….............. to the company

A valuer shall maintain …............ independence in his/its professional relationships and shall conduct the valuation independent of external influences.

A valuer shall wherever necessary …......... to the clients, possible sources of conflicts of duties and interests, while providing unbiased services.

A valuer shall not deal in securities of any subject company after any time when he/it first becomes aware of the possibility of his/its association with the valuation, and in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 or till the time the valuation report ,,,,,,,,,,,,,,,,,, whichever is earlier.

A valuer shall not indulge in “mandate snatching” or offering “…............... valuations” in order to cater to a company or client’s needs.

As an independent valuer, the valuer shall not charge success fee.

In any fairness opinion or independent expert opinion submitted by a valuer, if there has been a prior engagement in an unconnected transaction, the valuer Shall declare the past association with the company during last …..... Years

A valuer Shall not use or ..........to other clients or any other party any confidential information about the subject company, which has come to his/its knowledge without proper and specific authority or unless there is a legal or professional right or duty to disclose.

A valuer shall ensure that he/ it maintains written contemporaneous ........ for any decision taken, the reasons for taking the decision, and the information and evidence in support of such decision. This shall be maintained so as to sufficiently enable a reasonable person to take a view on the appropriateness of his/its decisions and actions

A valuer shall .............., co-operate and be available for inspections and investigations carried out by the authority, any person authorised by the authority, the registered valuers organisation with which he/it is registered or any other statutory regulatory body.

A valuer shall provide all information and records as may be required by the authority, the Tribunal, Appellate Tribunal,….............. with which he/it is registered, or any other statutory regulatory body.

A valuer while respecting the confidentiality of information acquired during the course of performing professional services, shall maintain proper working papers for a period of .......... years or such longer period as required in its contract for a specific valuation, for production before a regulatory authority or for a peer review. In the event of a pending case before the Tribunal or Appellate Tribunal, the record shall be maintained till the disposal of the case.

A valuer or his/its relative shall not accept gifts or ............ which undermines or affects his independence as a valuer.

For the purposes of Annexure I of RV rules the term ‘relative’ shall have the same meaning as defined in

A valuer shall not offer ............. or hospitality or a financial or any other advantage to a public servant or any other person with a view to obtain or retain work for himself/ itself, or to obtain or retain an advantage in the conduct of profession for himself/ itself.

A valuer Shall provide services for remuneration which is charged in a ….......... manner, is a reasonable reflection of the work necessarily and properly undertaken, and is not inconsistent with the applicable rules

A valuer shall not accept any fees or charges other than those which are disclosed in a …...... contract with the person to whom he would be rendering service.

A valuer shall refrain from accepting …........ assignments, if he/it is unlikely to be able to devote adequate time to each of his/ its assignments.

A valuer shall not conduct business which in the opinion of the authority or the registered valuer organisation …............. the profession.

A valuer shall retain the information obtained as well as his analyses, assumptions and workings to arrive at the valuation for a period of time sufficient to meet the needs of applicable legal, regulatory or other professional requirements for records retention. The retention period for valuation documentation is ordinarily not shorter than .......... years from the date of the valuation report.

A record must be kept of the work performed during valuation process and the basis of the work on which the conclusions were reached for a …...... after completion of assignment,having regard to statutory, legal or regulatory requirement.

Experts doesn't Include

If a valuer does not possess all of the necessary technical skills, experience and knowledge to eprform all aspects of a valuation, it is acceptable for a valuer to seek assistance from …... In certain aspects of the overall assignment

A ….................................... describes the fundamental terms of a valuation engagement, such as the asset(s) being valued, the purpose of the valuation and the responsibilities of parties involved in the valuation

The Chairperson and Members of the Committee shall have a tenure of……...................................years and they shall not have more than……............................... tenures:

…….may constitute a Committee to be known as “Committee to advise on valuation matters”:

In the context composition of the committee to advise on valuation matters under the Companies (Registered Valuers and Valuation) Rules, 2017, strike the odd one out:

Who is the Chairperson of Membership Committee?

A valuer under Companies Act, 2013 shall be appointed by?

If the valuer has contravened the provisions of section 247 and rules made there under with the intention to defraud the company or its members, he shall be punishable with imprisonment for a term which may extend to one year and with fine which shall not be less than ..........but which may extend to ..........

A valuer appointed under chapter XVII shall not undertake valuation of any assets in which he has a direct or indirect interest or becomes so interested at any time during a period of ………................... years prior to his appointment as valuer or…...... years after the valuation of assets was conducted by him.]

Grivance redressal committee of RVO should have …... minimum number of members

Disciplinary committee includes

Monetary penalty received by the organization under the orders of the Discipliner Committee shall be used for the purpose of:

An individual who passes the examination shall receive ,,,,,,, of passing examination

A valuer should not take up an assignment under the Act/Rules if he/it or any of his/its relatives or associates is not independent in relation to the ……and assets being valued:

A valuer should wherever necessary disclose to the , possible sources of conflicts of<br />duties and interests, while providing unbiased services:<br />

A valuer should not deal in securities of any subject company after any time when he/it first becomes aware of the possibility of his/its ……with the valuation, and in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015:

As an independent valuer, the valuer should not charge. fee:

A valuer should provide services for remuneration which is charged in a… manner, is<br />a reasonable reflection of the work necessarily and properly undertaken, and is not inconsistent<br />with the applicable rules:<br />

The Valuer should establish an understanding with the client, preferably in writing, regarding the… to be performed:

The Terms of Engagement, oral or in writing, shall clearly …………the nature, scope and limitations of services to be performed and the responsibilities of the parties:

At the option of the Valuer, the……….of the third party specialist may be included in the Valuer’s report:

While engaging the expert, the valuer should also explore the relationship which might give rise to :

Valuer/Valuation firm should specifically should give a ………….in the report that for the<br />particular task he has taken advice of an expert:<br />

The analyst valuing a subject shall act independently, free from all bias, He shall have no financial or other interest in the ……being valued:

23. There are broadly two types of engagements to estimate value a valuation engagement and a<br />……… engagement:<br />

A calculation engagement does not include all of the……….required for a valuation engagement:

The understanding of terms of engagement with the client reduces the possibility that either the Valuer or the client may……… the needs or expectations of the other party

When a Valuer uses hypothetical conditions during a valuation or calculation engagement, he or she should indicate the… for including the hypothetical conditions:

The valuer takes………. from the management regarding information that the client’s management provides to the valuer for purposes of performing the valuation:

An engagement letter must include a clause that ensures the client is responsible for providing all the… information on time to complete the valuation exercise:

The management representation letter serves to avoid any or misrepresentation and<br />also protects the valuer in case the valuation is challenged at a later stage by any party:<br />

Management Representation Letter is usually signed by a..………..of the management<br />responsible for providing information to carry out the valuation:<br />

Which of the following is not a conduct most people associate with ethical behaviour?