IBA CIRCULAR NO-OPR/CIR/2043 DATED-04/02/2017
PROCEDURE OF EMPANELMENT OF VALUERS BY BANK
OTHER IMPORTANT REFERENCES
RBI/2014-2015/164 DNBS (PD) CC. No.41/SCRC/26.03.001/2014-2015
Reporting to Indian Banks’ Association (IBA) – In terms of the same circular, banks are to report to IBA the details of the recalcitrant CAs, Advocates and Valuers who have committed serious irregularities in course of rendering their professional services. Likewise, the SCs / RCs are to report to IBA the details of such CAs, Advocates and Valuers for placing it on the IBA database of Third Party Entities involved in fraud. However, the SCs/RCs will have to ensure that they follow meticulously the procedural guidelines issued by IBA (Circ. No. RB-II/Fr./Gen/3/1331 dated August 27, 2009) and also give the parties a fair opportunity to explain their position and justify their action before reporting to IBA. If no reply / satisfactory clarification is received from them within one month, the SCs/RCs may report their names to IBA. SCs / RCs should consider this aspect before assigning any work to such parties in future…………..
CLICK BELOW FOR MORE DETAILS
FOR MANY MORE UPDATES AVAILABLE CLICK BELOW
CLICK THE BELOW LINK TO READ THE COMPLETE CONTENTS
SOME CONTENTS OF THIS WEBSITE ARE FOR GOLD SUBSCRIBERS ONLY.
Join us as a GOLD SUBSCRIBER and get access to read important books.
We are going to close all what’s groups of CEV soon due to difficulties in posting information or message in more than 5 groups of CEV at a time.
All future posts of empanelment notices & professional importance will be shared on
3. The Twitter handle of CEV India
after closing the groups.
All members of these groups are requested to register themselves at the following link immediately for Getting all related timely updates…