(A Govt.
of India Enterprise)
Notice
Applications for Empanelment of Valuers
JKDFC Limited invites applications from interested valuers for empanelment for asset classes’ viz.
‘Land & Building’ & ‘Plant & Machinery’. The applicants, who intend to participate in the
empanelment process, may submit their application through registered post in the prescribed
format latest by 1st August, 2018. The application formats and other terms and conditions, can be
downloaded from our website [Link]. Any further updates shall be uploaded on the
website.
General Manager
J&K Development Finance Corporation Limited,
630 B/A, 1st Floor,
Gandhi Nagar,Jammu, J&K 180004
Ph: 0191-2431498, 2436798
Terms and Conditions for Empanelment of Valuers
1. Purpose
JKDFC Limited proposes to empanel valuers for carrying out valuation of following classes of assets:
(i) Land & Building (LB); and
(ii) Plant & Machinery (PM);
2. Minimum Eligibility Criteria & Requisite Documentary Proof
The minimum eligibility criteria for various classes of asset are provided at Annexure-A. The
Documentary Proof acceptable against each eligibility criteria is provided at Annexure–B.
3. Application Submission Guidelines
The application shall be submitted in accordance with the following guidelines:
(i) One Applicant shall submit only a single application and cannot be a constituent to any other
application.
(ii) Application shall be strictly submitted in the format prescribed at Annexure-C. Non-compliance of the
prescribed format may lead to rejection of the application.
(iii) The application shall be unconditional; otherwise it would be liable for rejection.
(iv) All the information/details are to be supported by authentic documents duly certified by the
Applicant.
(v) Applications shall be submitted through registered post only at the Registered Office of the
Corporation at J&K Development Finance Corporation Limited, 630 B/A, 1st Floor, Gandhi Nagar,
Jammu, J&K -180004.
4. Empanelment Period
The Valuer shall be empanelled for a period of 3 year. However, a review exercise may be made
periodically based on performance along with necessary information. JKDFC reserves its right to de-list
the name of the consultant at any stage, if found unsatisfactory or does not comply with the JKDFC’s
requirement.
5. Separate application form should be submitted for each class of asset class applied.
Enclosed Annexures:
Annexure A: Eligibility Criteria for each Asset Class – LB / PM
Annexure B: Acceptable Documentary Proof
Annexure C: Application Format
Annexure-A: Eligibility Criteria
[Link] Criteria Asset Class
Land & Building Plant & Machinery
1. Who may apply Individual/Sole Proprietorship Firm, Individual/Sole Proprietorship Firm,
Partnership firm/LLP, Company. Partnership firm/LLP, Company.
2. Qualification Member of the Institute of valuers, India Member of the Institute of valuers, India
and and
Graduate in Civil engineering or Graduate in Mechanical or Electrical
architecture of a recognized university. engineering of a recognized university.
In case of partnership firm, any one of the In case of partnership firm, any one of the
active partners should possess such active partners should possess such
qualification; In case of Company any qualification; In case of Company any
one of the directors should possess such one of the directors should possess such
qualification. qualification.
3. No. of years of The applicant must have experience of The applicant must have experience of
experience valuation of land and building for a valuation of plant and machinery for a
period not less than 5 years. period not less than 5 years.
4. No. of assignments The valuer should be on the panel of at The valuer should be on the panel of at
as valuers to least 3 Banks/ Financial Institutions. least 3 Banks/ Financial Institutions.
Banks/Institutions
5. PAN The Applicant shall possess a PAN The Applicant shall possess a PAN
ANNEXURE B: Acceptable Documentary Proof
[Link] Eligibility Criteria Documentary Proof
1. Who may apply Self attested copy of Proof of Identity/Existence viz.
Passport/ Election Card/ Aadhaar Card/ Partnership Deed/
Registration Certificate, Certificate of Incorporation,
Articles of Association, Memorandum of Association as
applicable for respective entities
2. Qualification a) University Degree of the course as specified in the
a) Degree eligibility criteria.
b) Membership with b) Certificate of membership/registration.
Institution of Valuers,
India and Registration
with Government/Local
Authorities
3. No. of years of experience Completion certificate from the appointing entity client -
One recent assignment (preferably latest) and one
assignment of at least 5 years old in the said valuation
category or letter of appointment from client for
assignment along with invoice raised and proof of receipt of
payment against the completed assignment.
4. No. of assignments as valuers Empanelment letter by the Bank/ Financial Institutions.
to Banks/Institutions
5. PAN Self attested copy PAN card copy of the applicant
ANNEXURE-C: APPLICATION FORMAT FOR EMPANELMENT AS VALUER
(To be submitted on the Applicant’s Letter Head)
To
The General Manager
J&K Development Finance Corporation Limited,
630 B/A, 1st Floor,
Gandhi Nagar, Jammu, J&K 180004
Ph: 0191-2431498, 2436798
I. General Information
[Link] Particulars Details
(Enclose supporting documents, wherever required)
1. Asset Class
2. Name of Applicant
3. Constitution of Applicant
4. Date of Birth/ Date of
Incorporation
5. Office Address
6. Telephone
7. e-mail ID
8. PAN /GST No (if applicable)
9. General profile of applicant
10. Recent photo of the key
persons along with names
whose credentials are being
considered for satisfaction of
Qualification criteria
Key person: Name of
proprietor/partners/executive
directors.
11. Name of key persons & Name Qualification & Year of
qualifications: Institution Qualification
(May be attached as
annexure)
12. Membership of the key
persons/applicant with the
professional associations
13. Registration of the key
persons/applicant with the
various Authorities of
Valuation
14. List of Financial Institutions/
Banks with which the
applicant is already
empanelled.
(If Required Separate Sheet May Be Used As Enclosure for providing the details for any above columns)
I/we hereby apply for empanelment as valuer in your institution and declare that:
1. I/We declare that the particulars furnished above are true to the best of my/our knowledge and
belief, and any incorrect information furnished may lead to cancellation of my/our application
for empanelment with JKDFC.
2. I/We understand and accept that empanelment shall be at the discretion of JKDFC as per its
requirement and JKDFC has a right to reject our application without assigning any reasons
therefore.
3. I/We shall submit the reports as per standard formats prescribed by the professional
institutes/bank/JKDFC
terms
to with
& conditions stated
time; correct
herein andas
as well full information
other and without
terms & conditions negligence;
prescribed by JKDFC from time
5. I/We understand that Empanelment as such does not guarantee award of valuation assignments
by JKDFC;
6. I/We understand that Entrustment of valuation assignment is subject to periodical review by
JKDFC;
7. I/We understand that JKDFC reserves the right to delete/cancel the empanelment/stop
awarding future assignments without prior notice or assigning any reasons whatsoever;
8. The valuation shall be conducted on the basis of accepted principles as also the criteria/terms of
reference specified by JKDFC from time to time;
9. The Valuation report shall reveal true & fair assessment keeping in view the market conditions
and the report shall be submitted in the prescribed format, if any;
10. I/We shall maintain secrecy of the business allotted by JKDFC;
11. I/We shall not enter into any financial transaction with JKDFC's borrowers to the detriment of
JKDFC's interest;
12. Under no circumstances, I/we shall use the name or logo of JKDFC in our correspondence with
other banks;
13. If any wrong certification is detected, I/We hereby consent that JKDFC may take steps as
deemed fit;
14. I/We undertake to keep JKDFC informed of any events or happenings which would make me
ineligible for empanelment as a valuer;
15. I/We have not concealed or suppressed any material information, facts and record and I have
made a complete and full disclosure;
16. I/We shall strictly observe the laws against fraud and corruption in force in India namely
“Prevention of Corruption Act 1988”;
17. I/We am/are a citizen/incorporated/registered in India;
18. I/We have not been convicted of any offence and sentenced to a term of imprisonment;
19. I/We have not been found guilty of misconduct in professional capacity;
20. I/We am/are not an undischarged insolvent; and
21. I/We have not been convicted of an offence connected with any proceeding under the Income
Tax Act 1961, Wealth Tax Act 1957 or Gift Tax Act 1958.
DATE:
PLACE: SIGNATURE OF THE APPLICANT
(To be signed by the individual/ authorized signatory of the firm/ company)
