The Insolvency and Bankruptcy Board of India vide its notification dated 30th December, 2017 has in pursuance of the rule 5 (3) of the Companies (Registered Valuers and Valuation) Rules, 2017, rolled out the syllabus, format and frequency of the ‘Valuation Examination’ for the asset class: Securities or Financial Assets (the class of assets for which the members of the Institute of Company Secretaries of India have been recognized to conduct valuation). The brief details of the same are mentioned here in below:

  • Syllabus:

The syllabus for the examination totaling up to 100 marks shall cover the following areas:

  1. Macro Economics
  2. Finance
  3. Professional Ethics and Standards
  4. Financial Statement Analysis
  5. General laws and Judicial Pronouncements
  6. Overview of Valuation
  7. Valuation Approaches and Methodologies
  8. Valuation Application
  9. Laws and Regulations relevant to Financial Assets Valuation
  10. Case Studies (This section will have 2 case studies for application of valuation techniques.)

There will be two comprehensions narrating the transaction based on which questions will be asked from each case.)

  • Format of Examination:

The 2-hour examination shall be conducted online (computer-based in a proctored environment) with objective multiple-choice questions.

Negative marking          :          25% of the marks assigned for the question

Passing percentage        :           60% of marks for passing

  • Frequency of Examination:  

A number of locations have been made available for the candidates for the said examination and the examination is available on every working day.

The Notification containing the detailed syllabus is available on the following link:

http://ibbi.gov.in/webadmin/pdf/whatsnew/2017/Dec/Valuation%20Syllabus%20-Securities%20or%20FA%20_rev_2017-12-30%2019:08:42.pdf

The syllabus, format, etc.; for other classes of assets has also been published by the Insolvency and Bankruptcy Board of India, and the same is available at the following link:

http://www.ibbi.gov.in/