1)PREAMBLE: As per IIV India Registered Valuers Foundation (Formerly known as "Royal Registered Valuers Foundation (India)") may initiate disciplinary proceedings by issuing a show-cause notice against members.
2)OBJECTIVE: The Disciplinary Policy of IIV India Registered Valuers Foundation (Formerly known as "Royal Registered Valuers Foundation (India)") provides for the following:
The Organisation may initiate disciplinary proceedings by issuing a show-cause notice against members-
The Organisation have a Disciplinary Committee, having the following members. (here in after refered to as the said committee in short)
The Organisation have a Disciplinary Policy, which shall provide for the following –
2) After hearing both the parties and considering the relevant documents, relied upon both the parties, the said committee will pass the reasoned order within a period of 4 weeks from the date of conclusion of said proceedings. The said Committee has the power to pass the following orders as it deems fit and proper-
3)The Disciplinary Committee shall pass an order for expulsion of a member if it has found that the member has committed-
4)Any order passed by the Disciplinary Committee shall be placed on the website of the Organisation within seven days from passing of the said order, with one copy each being provided to each of the parties to the proceeding.
5)Monetary penalty received by the Organisation under the orders of the Disciplinary Committee shall be used for the professional development.