NOTICE INVITING APPLICATIONS FOR EMPANELMENT OF VALUERS UNDER BANK OF INDIA, LUDHIANA ZONE

Transcription

1 Advertisement Notice Page 1 of 8 Zonal Office, Ludhiana 1 st Floor, Surya Kiran Complex, Phase II, Near Rakh Bagh, Ludhiana Ph , , zo.ludhiana@bankofindia.co.in Ref. No.: BOI:ZO:LDH:CSD:AG:16-17:0134 Date: NOTICE INVITING APPLICATIONS FOR EMPANELMENT OF VALUERS UNDER BANK OF INDIA, LUDHIANA ZONE Bank of India, Ludhiana Zone intends to empanel reputed & experienced valuers. The various type and categories of panels will be as detailed hereunder: Table 1.1 Table 1.2 S. No. Valuers for valuation of: Valuer Type Category i) Land & Building / Real Estate L&B A, B, C, D ii) Plant and Machinery P&M A, B, C, D iii) Agricultural Land (other than plantations) AL(OTP) A, B, C iv) Agricultural Land (plantations) AL(P) A, B, C v) Stock (Inventory) and Shares S&S A, B, C S. No. Category of Valuers Work Experience in Undertaking Valuation Value of property for assignment of Valuation Work i) A More than 10 years No limit ii) B More than 5 years and less than 10 years Up to Rs. 50 Crores iii) C Up to 5 years Up to Rs. 5 Crores iv) D (#) Up to 8 years Up to Rs. 1 Crores (#) The diploma holders in Civil Engineering / Architecture / Mechanical / Electrical / Production / Chemical Engineering will be eligible for empanelment to undertake valuations with value up to Rs. 1 Crore only. 2) The empanelment shall be made for specific type of valuers and category as mentioned above. The applicants who intend to apply for more than one type of valuer, have to apply for each type using separate application form along with separate Pay Order / Demand Draft and submit in independent covers super scribing on the envelope the type of work applied for. 3) Bank is free to do grading / classification of the valuers under different work value ranges i.e. if an applicant submits an application for empanelment in higher category say A and not considered by the Bank for empanelment in A category due to any reason, the Bank may consider the application in lower category say B, if the applicant fulfills the eligibility criteria to the entire satisfaction of the Bank and agree to the same. Applicant empanelled in higher category shall be eligible for the works in the lower category. 4) The application must be submitted strictly in the Bank s prescribed form without editing the text whatsoever. Any violation of this condition shall render the application invalid. Blank prescribed form is available at all Bank of India branches under Ludhiana Zone Forms can also be downloaded from Bank s web-site. Applicant should enclose a Demand Draft / Pay Order of Rs. 200/- (non refundable) favoring Bank of India, Zonal Office, Ludhiana in a separate sealed cover superscripted Cost of Application Forms inside envelope, while submitting the application form duly filled in all respects, failing which, their application will be liable for rejection.

2 Advertisement Notice Page 2 of 8 5) SCOPE OF WORK, QUALIFICATION CRITERIA FOR VALUERS: (Please read carefully before intending to fill the application form) a) Purpose of work: Valuation is to ascertain the value of the property / asset for: the purpose of ascertaining the value of the property offered as security. the purpose of periodically ascertaining the value of the property that has been mortgaged, whether it is increasing or decreasing over the mortgage period. the purpose of realizing the value of non-performing assets ( NPAs ) and the purpose of resumption of properties in cases of default. b) Basic conditions required to be fulfilled by the valuers: i) The valuer is a citizen of India. ii) The valuer has not been removed / dismissed from valuation related service (previous employment) earlier. iii) The valuer has not been convicted of any offence and sentenced to a term of imprisonment. iv) The valuer has not been found guilty of misconduct in professional capacity. v) The valuer is not an undischarged insolvent. vi) The valuer has not been convicted of an offence connected with any proceeding under the Income Tax Act 1961, Wealth Tax Act 1957 or Gift Tax Act vii) The valuer possesses a PAN Card number / Service Tax number as applicable (Service Tax No. is a must for Category "A" Valuer). c) Age requirement: The minimum age shall be 25 years. No maximum age limit. d) Membership of professional bodies: It shall be necessary that every valuer empanelled with Bank be a member in good standing of any one of the under mentioned associations namely: Institution of Valuers (IOV) Institution of Surveyors (Valuation Branch) (IOS) Institution of Government Approved Valuers (IGAV) Practicing Valuers Association of India (PVAI) The Indian Institution of Valuers (IIV) Institution of Estate Managers and Appraisers (I. Esma) Centre for Valuation Studies, Research and Training (CVSRT) Royal Institution of Chartered Surveyors, India Chapter (RIGS) American Society of Appraisers (ASA), USA Appraisal Institute (Al), USA e) Educational qualifications and previous work experience: i) For valuation of Land & Building / Real Estate Sr. Educational No. Qualifications 1. Bachelor's degree in Civil Engineering / Architecture / Town Planning or equivalent. Work Experience 5 years' work experience in the field of valuation of real estate after completion of the degree or equivalent. Remarks (a) For applicants below the age of 60: Applicants with these qualifications who have not attained the age of 60 years as on will also have to pass an examination for a duration of one semester in the subjects which are vital for valuation of real estate and not covered in course curriculum of civil engineering, architecture and town planning from recognized universities / the institution conducting the examination in valuation of real estate which are recognized by the Govt. of India for recruitment to superior services or posts on or before (b) For applicants attained the age of 60 and above: applicants with these qualifications who have attained the age of 60 years and above as on will also have to undergo two week training in the subjects which are vital for valuation of real estate and not covered in course curriculum of civil engineering, architecture and town planning from recognized universities/ the institution

3 2. Diploma in Civil Engineering / Architecture. 3. Pass in examination in valuation of real estate recognized by the Govt. of India for recruitment to superior services or posts conducted by any institution. 4. Master's degree in Valuation of real estate awarded by a recognized University in India 5. Chartered / Professional membership of the Royal Institution of Chartered Surveyors (RICS) or American Society of Appraisers (ASA) or Appraisal Institute (Al), USA obtained by passing an examination equivalent to examinations mentioned under Sr. No. (3) & (4) above. 8 years' work experience in the field of valuation of real estate after completion of the diploma 2 years' work experience in the field of valuation of real estate after completing the examination 2 years' work experience in the field of valuation of real estate after completing the examination Advertisement Notice Page 3 of 8 conducting the examination in valuation of real estate which are recognized by the Govt. of India for recruitment to superior services or posts on or before They must complete six months course in valuation of real estate prescribed under Sr. No.1 above. -- Since the process of procurement of membership with these organizations includes training as an integral component, no further experience requirement is being prescribed. The Diploma Holders in Civil Engineering / Architecture will be eligible for empanelment to undertake valuations with value up to Rs Crore only. ii) For Valuation of Plant and Machinery Sr. Educational No. Qualifications 1. Bachelor's degree in Mechanical, Electrical, Chemical, Production, Computer Engineering. Work Experience 5 years' work experience in the field of valuation of plant & machinery after completion of the degree or equivalent. Remarks (a) For applicants below the age of 60: Graduate in mechanical, electrical, production, industrial, computer, mining, chemical, textile, electronics etc. engineering, from a recognized university with 5 years' experience in valuation of plant & machinery. The applicants with these qualifications who have not attained the age of 60 years as on will have to pass an examination for a duration of one semester in the subjects which are vital for valuation of plant & machinery and not covered in course curriculum of above examinations from recognized universities or the institution conducting the examination in valuation of plant & machinery which are recognized by the Govt. of India for recruitment to superior services or posts on or before (b) For applicants attained the age of 60 and above: Graduate in mechanical, electrical, production, industrial, computer, mining, chemical, textile, electronics etc. engineering,

4 2. Diploma in Mechanical, Electrical, Production, Chemical Engineering. 8 years' work experience in the field of Valuation of Plant and Machinery after completion of the diploma 3. Master's degree in 2 years' work Valuation of Plant & experience in the field Machinery awarded by of valuation of plant & a recognized machinery after University in India. completing the examination. Advertisement Notice Page 4 of 8 from a recognized university with 5 years' experience in valuation of plant & machinery. The applicants with these qualifications who have attained the age of 60 years as on will have to undergo two week training in the subjects which are vital for valuation of plant & machinery and not covered in course curriculum of above examinations from recognized universities or the institution conducting the examination in valuation of plant & machinery which are recognized by the Govt. of India for recruitment to superior services or posts on or before They must complete six months course in valuation of plant and machinery prescribed under Sr. No.1 above. The Diploma Holders in Mechanical / Electrical / Production / Chemical Engineering will be eligible for empanelment to undertake valuations with value up to Rs Crore only. iii) For Valuation of Agricultural Land (Other Than Plantations): Under the Wealth Tax Rule 8A (3) sub-rule (4) a valuer of agricultural lands (other than plantations) shall have the following qualifications: 1. He must be a graduate in agricultural science of a recognized university and must have worked as a farm valuer for a period of not less than five years; and 2. he must be a person formerly employed in a post under Government as Collector, Deputy Collector, Settlement Officer, Land Valuation Officer, Superintendent of Land Records, Agricultural Officer, Registrar under the Registration Act, 1908 (16 of 1908), or any other officer of equivalent rank performing similar functions and must have retired or resigned from such employment after having rendered service in any one or more of the posts aforesaid for an aggregate period of not less than five years. iv) For Valuation of Agricultural Land (Plantations): A valuer of coffee plantation, tea plantation, rubber plantation, cardamom plantation or, as the case may be, shall have the following qualifications: 1. He or She must have, for a period of not less than five years, owned, or acted as manager of a coffee, tea, rubber or, as the case may be, plantation having an area under plantation of not less than four hectares in the case of a cardamom plantation or forty hectares in the case of any other plantation; or 2. He or She must be a person formerly employed in a post under Government as a Collector, Deputy Collector, Settlement Officer, Land Valuation Officer, Superintendent of Land Records, Agricultural Officer, Registrar under the Registration Act, 1908 (16 of 1908), or any other officer of equivalent rank performing similar functions and must have retired or resigned from such employment after having rendered service in any one or more of the posts aforesaid for an aggregate period of not less than five years, out of which not less than three years must have been in areas, wherein coffee, tea, rubber or, as the case may be, cardamom is extensively grown. v) For Valuation of Stock (Inventory) and Shares: Under the Wealth Tax Rule 8A (7) a valuer of stock and trade (inventory), shares shall have the following qualifications: 1. He or she must be a member of the Institute of Chartered Accountants of India or the Institute of Cost and Works Accountants of India [or the Institute of Company Secretary of India]; and 2. He or she must have been practicing as Chartered Accountant or a Cost and Works Accountants or a Company Secretary for a period of not less than ten years and his/her gross --

5 Advertisement Notice Page 5 of 8 receipts from such practice should not be less than fifty thousand rupees in any three of the five preceding years. f) Valuers need to furnish proof of experience. Any one of the following may be accepted as proof of experience: i) Letter of empanelment by any Bank / Fl. ii) Letter of empanelment by any Court of India. iii) Registration Certificate under Wealth Tax Act, iv) Letter of appointment as valuation consultant by Government of India / any State Government / any Municipality / any Municipal Corporation. v) Letter of appointment as valuer employee by Government of India / any State Government / any Municipality / any Municipal Corporation. vi) Letter of appointment as a valuer employee by any Limited Company engaged in the business of valuation. vii) Letter of appointment as a valuation consultant by any Limited Company. viii) Letter of appointment as a valuer employee by any partnership / proprietorship / private limited Company engaged in the business of valuation for the last five years. Important Notes: Evidence of previous experience needs to be provided to the Bank. In case of companies / partnership firms undertaking valuations, the qualification and experience shall apply to the lead valuers of the company / all partners of the partnership firm. The experience of the valuer shall be calculated from the date of his first empanelment with any Bank / Financial Institution / High Court or registration under Wealth Tax Act, Only relevant empanelment letters / satisfactory client certificates of which details are mentioned in application form, should be enclosed. g) Registration under Wealth Tax Act: Registration with the central / state governments is desirable but not compulsory. However, it may be noted that for undertaking valuations under the SARFAESI Act, valuation has to be obtained from Registered Valuer under the Wealth Tax Act (Sections 34 AA to 34 AE). h) References: Valuers need to submit at least 3 reference letters and it is required to verify the quality of services provided by the valuer in the previous instances before empanelling the valuers on our Bank's panel. The referees shall be either (i) bank managers where previously the valuer had done valuations or (ii) companies for whom the valuer had previously done valuations. The reference letter of the Bank / Financial Institution / Company / any other company where valuations have been done, shall be duly signed by a senior level manager / officer. Original client certificates duly signed by concerned officer of the organizations, in prescribed format should be submitted. i) Compliance with Standards and Procedures: All valuers empanelled with the Bank shall comply and abide by all the relevant standards and procedures laid down in this document and code of conduct as per Annexure III. j) Independence and Objectivity: All valuers empanelled by the Bank shall act with independence, integrity and objectivity. They shall undertake all valuation works with an independent mind and shall not come under any influence of anybody. The empanelled valuer shall also not be related to any of the personnel in the Bank in the department / division dealing with valuation work directly. k) Continuing Education: All valuers shall constantly update their knowledge base by actively participating in various continuing education programmes including seminars, conferences, workshops, training programmes, capacity building programmes, etc. Please note importantly: Membership / registration should remain valid during the empanelment period. It was experienced that applicants usually submits bunch of irrelevant papers which consumes time and delayed the process of empanelment, hence it is advisable that only relevant documents as mentioned above should be submitted, failing which, the relevant information will not be considered. 6) GENERAL RULES INSTRUCTIONS, TERMS & CONDITIONS: (Please read carefully before intending to fill the application form) 6.1) The applicant should be ready to execute the work anywhere in Punjab State and should have a proper office structure in or around Ludhiana or in districts of Punjab State.

6 Advertisement Notice Page 6 of 8 6.2) The applicant should have technical set up with adequate organizational structure comprising of experience, adequate machinery / equipment and skilled staff having knowledge to execute work. 6.3) The applicant, if shortlisted, will have to comply with Labour Laws / Bye Laws as prevalent or amended from time to time. 6.4) The intending applicant are required to submit their application with full particulars, detail about their organization, experience, technical personnel in their organization, which will be kept confidential. 6.5) Applicants are required to furnish information against each item of the application in neat & clean writing. Any over-writing should be duly initialed. In case certain item is not applicable, please write N.A. Application containing incorrect, inadequate and unreadable information, the relevant information will not be considered. 6.6) If the space in the application format is insufficient for furnishing full details, such information may be continued on separate sheets of paper, stating therein the part of the application form and serial number. Separate sheets shall be used for each part and a proper reference with page number must be indicated in the main form of application. The applicant should, however, enclose with the application form collected from the Bank or downloaded from web site along with the application. Applications containing false and / or inadequate information are liable for rejection. 6.7) The Bank will reserve the right to call for additional information / reports etc. at any point of time during the empanelment without assigning any reason. 6.8) Each page of the application, additional attached page (if any) and photocopy of each document produced should be duly signed & stamped. The application shall be signed by person / persons on behalf of the organization having necessary authorization / Power of Attorney to do so. Application without signature, stamp (wherever required) shall be rejected. 6.9) If information and details furnished by applicants are found to be false at any time in future or any information effecting empanelment is willingly / unwillingly withheld, which comes to the notice of the Bank at any point of time, the empanelment of such applicant will be cancelled immediately and applicant will be blacklisted. 6.10) Incomplete applications, applications received without processing fee and applications received after the due date & time for submission will be summarily rejected. The applicants should enclose relevant documents with the application in support of the information furnished. No correspondence will be entertained by the Bank later on in this regard. 6.11) Applicant not to exploit the enlistment of Bank s approved panel for enhancing own business. 6.12) The application of the agencies blacklisted / de-paneled in past and whose past performance was found unsatisfactory in the projects entrusted to them by the Bank, will not be considered for empanelment. The decision of the Bank in this regard is final and binding. 6.13) The Bank reserves the right to verify the particulars furnished by the applicant independently. The Bank s representatives may visit the applicant s offices, disclose his name to others in the course of business and contact his past clients for verification of information given by the applicant. The applicant will be required to give them assistance for such verification. No costs incurred by the applicant in applying, in providing necessary clarifications or attending discussions, conferences or site visits will be reimbursed by the Bank. 6.14) The evaluation will be based on the experience, reputation, empanelment with other Banks, PSUs, Govt. institutions, manpower & logistical support of the applicant, their financial capabilities, quality consciousness, etc and if found necessary may also include inspecting the works undertaken by them for which, necessary co-ordination shall be made by them. Based on the details furnished and inspection of works, eligibility criteria, the applicants will be empanelled. Decision of the Bank regarding selection / rejection for empanelment will be final and binding and no further correspondence will be entertained. 6.15) The empanelment is for undertaking the works in the branches, offices and residential premises of the Bank. Valuers who are presently empanelled in our Branches / Zone, are also required to submit their application afresh for new empanelment in response to this advertisement as all the existing empanelments will be treated as cancelled once the new panel is approved. 6.16) Bank may opt to award the work to any of empanelled applicant, depending on the exigencies of the work nature or magnitude of the work. The empanelment of an applicant with Bank shall only entitle them to be considered for award of work. The awarding of work is at the sole

7 Advertisement Notice Page 7 of 8 discretion of the Bank and payment of bills for the works undertaken is subject to the norms prevailing from time to time. 6.17) The Bank does not undertake any responsibility to compensate the applicant, for any monetary loss caused for any reason during the completion of work, if work is allotted to him / them. 6.18) The empanelled applicant will have to coordinate with Bank s officials and different agencies for the smooth execution of the work. No costs incurred in providing necessary clarifications or attending discussions, conferences or site visits will be reimbursed by the Bank. 6.19) Valuation report to be addressed to the branch / office should be in standard format of the Bank. 6.20) Valuer will have to provide full details of the basis of valuation done in the report and required to clearly specify whether the assets is in actual possession of the borrower and no one else has any interest in the said property. 6.21) Valuer will be responsible / accountable for the findings / suggestions / implications in respect of the valuation report submitted. It is to be certify in valuation reports that property has been physically verified and also boundaries of the property have been verified by valuer. Any concealment of facts and figures in the report that would jeopardize the interest of the Bank, will result in our taking any appropriate action deemed fit. 6.22) Applicant will maintain absolute honesty, security, safety, secrecy and confidentiality of the assignments given to you by the Bank and will not divulge any information to others / applicant in detriment to the interest of the Bank. 6.23) Valuer will refrain from carrying out any financial transaction with the Bank s borrower / prospective borrowers on whom the assignment is given to valuer. 6.24) Any misconduct in professional capacity will render the empanelment cancelled as also liable for the loss suffered by the Bank due to any act or omission. If it will observed that assets are valued beyond its realistic value; the Bank will be at liberty to initiate appropriate action against the applicant. At any point of time if it is observed that work executed / report submitted by valuer do not meet the Bank s standards, Bank will be at liberty to remove the name from approved list / blacklisting of firm. Further, in such cases as and when detected, the Bank may report the same to self-regulatory bodies like Institute of Architects / Valuers, Institute of Engineers, Council of Architecture, IBA, RBI etc. for taking appropriate action, as it deems fit. 6.25) The charges / fees of the valuers should be reasonable and in line with the general market trend. The valuer should indicate the charges / fees and other conditions, if any for each of the services offered separately. (It is clarified here that the charges / fees if indicated by the valuer at the time of applying for empanelment will only serve as a reference. The actual fees will have to be negotiated, in consultation with the concerned borrower wherever considered necessary, as and when any specific assignment is given by the Bank, subject to maximum in terms of laid down charges by Bank). 6.26) The applicant should intimate change of address to the Bank. Failure to do so may result in removal of their name from the empanelled list. 6.27) Any change in constitution of applicant without prior approval of the Bank will render the applicant to be removed from the panel. In case of conversion of an agency into two or more, fresh empanelment is essential. 7) The empanelment shall be valid up to and can be reviewed in between any time at the discretion of the Bank. During the empanelled period, the Bank shall have the right to depanel the empanelled applicant, any time, without assigning any reason or shall not allot any work if the performance of the empanelled applicant is found unsatisfactory in the projects entrusted to them by the Bank. The decision of the Bank in this regard will be final and binding. 8) This notice duly signed by the applicant in token of his understand and acceptance of all the terms & conditions mentioned herein should be attached to the application form. 9) Clarification, if any required, may be obtained from The Zonal Manager, Bank of India, Corporate Service Deptt., 1st Floor, Surya Kiran Complex, Phase II, Near Rakh Bagh, Civil Lines, The Mall, Ludhiana ) Duly filled application in Bank s prescribe forms with required documents should be put in a envelope super scribing in the top left hand corner of the envelope as Application for Empanelment for valuer for valuation of of Category.

8 Advertisement Notice Page 8 of 8 11) Although, there shall be a year round system of receiving application from valuers seeking empanelment, however to create one time empanelment list and for administrative convenience, last date for submission of application along with enclosures is ) Sealed envelope are to be addressed to The Zonal Manager, Bank of India, Corporate Service Deptt., 1st Floor, Surya Kiran Complex, Phase II, Near Rakh Bagh, Civil Lines, The Mall, Ludhiana and should necessarily dropped in the tender box only which is kept for the above purpose on or before by 3:00 P.M. 13) There should not be any deviation in terms and conditions as have been stipulated by the Bank. No conditions will be entertained. Conditional offers shall be rejected. However, Zonal Manager, Bank of India, Zonal Office, Ludhiana may modify, add, delete and / or change any of the above rules and the same shall be binding on all the agencies. 14) In case of any dispute, the matter will be referred to the Zonal Manager, Bank of India. For litigation, if any arising thereof, the competent court (Ludhiana) alone shall have jurisdiction. 15) Decision of the Bank in regard to empanelment of firms will be final. Bank reserves the right to accept or reject any or all the applications without assigning any reason and to restrict the list to any number deemed suitable by it, if too many applications are received satisfying the qualification criteria. Bank also has the right to reject all the applications and go in for re-advertisement without assigning any reason. Zonal Manager Ludhiana Zone

9 Covering Letter Page 1 of 2 (Format of covering letter with application) Ref. No.: Date: / / 2016 To Zonal Manager, Bank of India, Zonal Office, Ludhiana 1 st Floor, Surya Kiran Complex, Phase II, Near Rakh Bagh, The Mall, Ludhiana SUB.: EMPANELMENT OF VALUERS FOR VALUATION OF: Land & Building / Real Estate Cat.- A Cat.- B Cat.- C Cat.- D Plant and Machinery Cat.- A Cat.- B Cat.- C Cat.- D Agricultural Land (other than plantations) Cat.- A Cat.- B Cat.- C Agricultural Land (plantations) Cat.- A Cat.- B Cat.- C Stock and Trade (inventory), Shares Cat.- A Cat.- B Cat.- C (Please tick only one type and one category. The applicants who intend to apply for more than one type of valuer, have to apply for each type using separate application form along with separate Pay Order / Demand Draft and submit in independent covers) Dear Sir, I / We refer to your advertisement notice ref. no. BOI:ZO:LDH:CSD:AG:16-17:0134 dated Accordingly, I / We are enclosing herewith my / our application for applying for empanelment in above said category / class. I / We hereby confirmed / undertake / declare that: 1. I / We have read / agreed the instructions mentioned in above said advertisement notice and instructions appended to the application form. 2. I / We have filled each & every detail in the application / annexures / supplementary sheets properly and the information furnished by me / us is true and correct to the best of my / our knowledge and belief. 3. If any false information is detected at a later date, any future contact made between myself / ourselves and Bank of India, on the basis of the information given by me / us can be treated as invalid by the Bank and I / We will be sole responsible for the consequences i.e. cancellation of empanelment, blacklisting etc. 4. Bank can approach my / our clients to verify the facts submitted by me / us and I / We have no objection if enquires are made about the works listed by me / us in the accompanying sheets or any other enquiry on the information furnished herewith in the accompanying sheets. 5. I / We will maintain absolute honesty, security, safety, secrecy and confidentiality of the assignments given to us by the Bank and will not divulge any information to others / applicant in detriment to the interest of the Bank. 6. I / We have not applied in the name of sister concern for the empanelment process. 7. All required documents sought in the tender notice and application forms are enclosed. Signature of all the authorized signatories with Stamp

10 Covering Letter Page 2 of 2 8. The copies of documents submitted by are the true copy of original and duly signed by me / us. 9. If any compulsory document is not attached by me / us, Bank has right not to consider that relevant information and reject the application. 10. Bank is free to do grading / classification under different work value ranges. 11. Bank reserves the right to accept or reject my / our application without assigning any reason, whatsoever and the decision of Bank of India in selection of the agency will be final and binding on me / us. I / We are enclosing herewith the following documents. Each and every page of all the documents are duly signed by me / us: i) Application form (annexure I). ii) iii) iv) Undertaking by the valuers (annexure II). Code of conduct (annexure III). Information appendix to application form (annexure IV). v) Detail of previous empanelments, reference details (annexure V). vi) No. of client certificate (annexure VI). vii) Checklist (annexure VII). viii) Advertisement notice ref. no. BOI:ZO:LDH:CSD:AG:16-17:0134 dated in token to understand and acceptance of all the terms & conditions mentioned therein. ix) No. of supplementary sheets. x) Self-attested copies of all documents referred in application / annexures. Signature: Name of the applicant organization Address Phone Nos. Fax Nos.: ID: Date: / / 2016 Place: Signature of all the authorized signatories with Stamp

11 Annexure I Page 1 of 2 (Application for empanelment of valuers) Ref. No.: Date: / / 2016 To The Zonal Manager, Bank of India, Zonal Office, Ludhiana 1 st Floor, Surya Kiran Complex, Phase II, Near Rakh Bagh, The Mall, Ludhiana Dear Sir, Ref. No.: Advertisement No. BOI:ZO:LDH:CSD:AG:16-17:0134 dated Sub.: Empanelment of Valuer I am a valuer of and desire to apply to your organization for empanelment. My particulars are given below: Name: _ Sex: Date of Birth: Age: Address: Tel. No.: Mobile: Fax: _ (Please ensure to enclose self-attested copy of identity proof, address proof and age proof) Educational / Professional Qualifications: University / Institute / S.N. Examining Body 1. Qualification Date of Award Please ensure to enclose self-attested copy above mentioned qualification documents. Number of years of experience in the field of valuation: (Attach evidence in the form of reference letters / any other evidence) Name and address of previous employer (if applicable): Detail of previous empanelment, if any, with dates / duration is mentioned in annexure V.

12 Annexure I Page 2 of 2 Detail of Membership of Professional Valuer Association (name and membership number) is mentioned at Para 4 of annexure IV. Registration with CBDT under Wealth Tax Act (Regn. No. and date) is mentioned at Para 4 of annexure IV. Permanent Account Number (PAN) of Income Tax Department is mentioned at Para 4 of annexure IV. References detail is mentioned in annexure V. Detail of firm, partnership concern, name of the partners and a brief profile with their qualification & experience is mentioned at Para 2 & 3 of annexure IV. Detail of registration number as allotted by ICAI / other professional bodies is mentioned at Para 4 of annexure IV. Service Tax registration number is mentioned at Para 4 of annexure IV. Details of major assignment handled so far i.e. nature of assignment, nature of assets & amount is mentioned in annexure V. Whether any allied firms / partners are already empanelled for any other type of audits for the Bank / Fl. If so, furnish details in Para 5 of annexure IV. Whether applicant was delisted from any Bank's Panel on any earlier occasion. If so, furnish details in Para 6 of annexure IV. The above information about me is true to the best of my knowledge and if found incorrect, I will be fully responsible for the consequences. Signature: Name of the applicant Address Date: / / 2016 Place: Enclosed: Self-attested copies of all annexures, certificates / documents of proof.

13 (Format of undertaking to be submitted by the valuers for empanelment) UNDERTAKING Annexure II Page 1 of 1 Ref. No.: Date: / / 2016 To The Zonal Manager, Bank of India, Zonal Office, Ludhiana 1 st Floor, Surya Kiran Complex, Phase II, Near Rakh Bagh, The Mall, Ludhiana Dear Sir, I / We Ref. No.: Advertisement No. BOI:ZO:LDH:CSD:AG:16-17:0134 dated Sub.: Empanelment of Valuer i) S/o, D/o, W/o ii) S/o, D/o, W/o iii) S/o, D/o, W/o do hereby solemnly affirm / confirmed / undertake / declare and state that: 1. I / We am / are citizen(s) of India. 2. I / We have not been removed / dismissed from service / employment earlier. 3. I / We have not been convicted of any offence and sentenced to a term of imprisonment. 4. I / We have not been found guilty of misconduct in professional capacity. 5. I / We am / are not undischarged insolvent. 6. 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 Our PAN card number / Service Tax number is mentioned in relevant filed. 8. I / We undertake to keep you informed of any events or happenings which would make me / us ineligible for empanelment as valuer. 9. I / We have not concealed or suppressed any material information, facts and records and I / We have made a complete and full disclosure. 10. I / We shall act with independence, integrity and objectivity while carrying out valuation work. 11. I / We shall carry out all valuation works with an independent mind and shall not come under any influence of anybody. 12. I / We am / are not related to any of the personnel in the department / division of the Bank dealing with valuation work directly. Signature: Date: / / 2016 Place: Name of the applicant organization Address

14 (Code of Conduct) Annexure III Page 1 of 1 Ref. No.: Advertisement No. BOI:ZO:LDH:CSD:AG:16-17:0134 dated Sub.: Empanelment of Valuer All valuers empanelled with Bank shall strictly adhere to this code of conduct: 1. To express an opinion only when it is founded on adequate knowledge and honest conviction. 2. To refrain from misrepresenting qualifications or work experience. 3. To treat all information procured during the course of the business as confidential. 4. To observe integrity and fair play in the practice of the profession. 5. To refrain from undertaking to review the work of another valuer of the same client except under written orders from the bank or housing finance institution and with knowledge of the concerned valuer. 6. To give unbiased valuation report conforming to standards and conforming to the objective opinion of the property and not to attempt merely to accommodate the interests of the client. 7. To steer clear of situations where interests and duty clash. 8. To conduct oneself in such a manner that will not prejudice the professional status or reputation of the profession 9. To follow this code as amended or revised from time to time. Date: / / 2016 Place: Name of the applicant organization Address

15 1) General Instructions: (Format for submitting information appendix to application form) Annexure IV Page 1 of 2 1.1) Information has to be filled up specifically in this form only. Do not write remark as indicated in Brochure or as enclosed unless asked for by the Bank. 1.2) Applicants are required to furnish information against each item of the application in neat & clean writing. Any over-writing to be duly initialed. In case certain item is not applicable, please write N.A. Application containing incorrect, inadequate and unreadable information, the relevant information will not be considered. 1.3) If the space in the application format is insufficient for furnishing full details, such information may be continued on separate sheets of paper, stating therein the part of the application form and serial number. Separate sheets shall be used for each part and a proper reference with page number must be indicated in the main form of application. 1.4) Each page of the application, additional attached page (if any) and photocopy of each document produced and shall be duly signed & stamped. The application shall be signed by person / persons on behalf of the organization having necessary authorization / Power of Attorney to do so. Application without signature, stamp (wherever required) shall be rejected. 1.5) Application should be accompanied by relevant documentary evidence, wherever applicable, failing which, the relevant information will not be considered. Please do not submit the bunch of irrelevant papers which consumes time and delayed the process of empanelment. 2) Basic Information: 2.1 a) Applicant s Name (Firm / Company) b) Address for communication (Please enclose copies of address proof) District Pin Code State 1) 0-2) 0 - c) Office Phone Number d) Fax Number 1) 0-2) 0 - e) Mobile Number 1) _ 2) f) (compulsory to be mentioned) 2.2 Type of the organization 2.3 Establishment year 2.4 Detail of Tender Money of Rs. 200/- Sole Proprietorship Partnership Company DD No.: DD Date: / / 2016 Issuing Bank:, Branch: 3) Details of Proprietor / Partners / Directors: (Please furnishing full details, use separate sheets, if required) S. N. 3.1 Name Qualification Experience (In years) Address / Mobile No. / ID Note: Copy KYC document i.e. PAN card and address proof of above mentioned persons should also be enclosed.

16 4) Detail of Registrations / Memberships. (Please furnishing full details for applicable no., use separate sheets, if required) S. Registration Type / Authority / N. Membership of Professional Bodies Membership with concerned association 4.1 i.e. Institiute of Valuers etc. Name: Registration with CBDT under Wealth Tax 4.2 Act Office: Permanent Account Number (PAN) with 4.3 Income Tax Department Registration with ICAI / ICWAI / ICSI etc. 4.4 Name: Service Tax Registration with Central 4.5 Board of Excise and Customs Registration / Membership Number Date of Registration Annexure IV Page 2 of 2 Valid up to 5) Detail of any allied firms / partners already empanelled for any other type of audits for the Bank / FI. (Please furnishing full details for applicable no., use separate sheets, if required) S. N. Name of allied firm / partners Type of audits / work Name of the organization in which firm / partner empanlled ) Detail of delisting from other Bank s panel on any earlier occasion. (Please furnishing full details for applicable no., use separate sheets, if required) S. N. 6.1 Name of the organization from which delisted Date of delisting Reason for delisting

17 Detail of previous empanelments, reference details and major assignments handled so far: (Please furnishing full details, use separate sheets, if required and enclosed documents related to below mentioned detail) S. N. Name & full postal address of the firm / company Date of empanelment Empanelment valid upto Nature of assignment Nature of assets Value of assets of work assigned Empanelment letters is enclosed Annexure V Page 1 of 1 Reference is enclosed 1. Yes Yes 2. Yes Yes 3. Yes Yes 4. Yes Yes 5. Yes Yes 6. Yes Yes Note: 1. Information has to be filled up specifically in this format. Please do not write remark As indicated in Brochure". 2. Experience of the valuer shall be calculated from the date of first empanelment with any Bank / Financial Institution / High Court or registration under Wealth Tax Act, Please mention the detail on ascending order starting from oldest. Only up to 5-6 empanelment letters of organizations mentioned above, are to be provided including one oldest and one latest, failing which the application will be liable for rejection.

18 Annexure VI Page 1 of 1 (Client s certificate regarding performance of valuer) To be issued by Bank / Financial Institution / Company / Any Other Company on Letter Head Ref. No.: Date: / / 2016 Name & full postal address of the firm / company Details of works executed by M/s 1. Nature of assignment 2. Nature of assets 3. Value of assets of work assigned 4. Inspection / Report date Comments on the capabilities of the valuer Are you aware of any circumstances which would render the above applicant unsuitable for empanelment for valuation work in Bank of India? (If yes, please specify) Quality of work (indicate grading) Yes / No Outstanding / Very Good / Good / Satisfactory / Poor 8. Technical proficiency Outstanding / Very Good / Good / Satisfactory / Poor 9. Financial soundness Outstanding / Very Good / Good / Satisfactory / Poor 10. Mobilization of adequate T & P Outstanding / Very Good / Good / Satisfactory / Poor 11. Mobilization of manpower Outstanding / Very Good / Good / Satisfactory / Poor 12. General behavior Outstanding / Very Good / Good / Satisfactory / Poor Signature of the senior level manager / officer with office seal Place:

19 Annexure VII Page 1 of 1 Sr. No. Particulars CHECKLIST WITH APPLICATIONS OF EMPANELMENT VALUERS No. of Pages Enclosed 1. Duly filled and signed covering letter. 2 Yes 2. Duly filled and signed application form (annexure I). 2 Yes 3. Duly filled and signed undertaking by the valuers (annexure II). 1 Yes 4. Duly filled and signed code of conduct (annexure III). 1 Yes Duly filled and signed Information appendix to application form (annexure IV). Duly filled and signed detail of previous empanelments, reference details (annexure V). 2 Yes 1 Yes 7. Duly filled and signed No. of client certificate (annexure VI). Yes 8. Duly filled and signed checklist (annexure VII). 1 Yes 9. Duly signed advertisement notice ref. no. BOI:ZO:LDH:CSD:AG:16-17:0134 dated Yes 10. Duly filled and signed No. of supplementary sheets. Yes Copies of self-attested PAN card / identity proofs / address proofs / age proofs of applicant person / firm and persons mentioned in application / annexures. Copies of self-attested educational / professional qualification documents of applicant person / lead valuer of firm. 13. Copy of self-attested power of attorney (wherever applicable). Yes 14. Demand Draft of Rs. 200/-. 1 Yes Copy of self-attested membership certificate with concerned department / professional bodies. Copy of self-attested registration certificate with CBDT under Wealth Tax Act office. Copy of self-attested permanent account number (PAN) with Income Tax Department. Copy of self-attested registration certificate with ICAI / ICWAI / ICSI etc. Copy of self-attested service tax registration no. certificate with Central Board of Excise and Customs. Copies of appointment / empanelment letters issued from Government / PSUs / Banks / other reputed organizations. Original client certificates issued from Government / PSUs / Banks / other reputed organizations. Any other supporting documents (Please specify) 22. Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes 23. Yes