Membership Criteria

Bangladesh Survey & Valuation Companies, Firms and Individual Concerns Association (BSVCFICA)

Requirements for New Membership

[A] . Eligibility: At a glance

1. All corporate bodies, registered as Limited Companies, Firms and Individual engaged in Valuation Consultancy Service

2. The applicant company must have undertaken Valuation Consultancy Service of at least one project after getting approval from concerned authority and has made significant progress.

3. The applicant must have at least Two Engineer/Surveyor/ Professional Valuer Expert with Experience Certificate / Enlistment as a valuer.

4. The applicant company must have a presentable office and sufficient manpower. The office must be an independent one and must have Signboard / Nameplate or Display board clearly visible.

[B] Process of induction of a New Member of BSVCFICA:

1. A letter of introduction expressing Interest to become a member of BSVCFICA. (Addressed to BSVCFICA President in applicant’s letter head)

2. (i) Submission of a Membership Application Form with Declaration & Certification. (duly filled in, signed and sealed)

(ii) Submission of a Nomination Form.(duly filled in, signed and sealed)

3. Submission of following deeds and documents

• Certified copy of Memorandum & Articles of Association.

(of the applicant company, Registrar of Joint Stock Companies & Firms BD, )

• Certificate of Incorporation.(of the applicant company, duly attested by the Managing Director)

• Income Tax Certificate/ (of the last assessment year, duly attested by the Managing Director)

• Value Added Tax (VAT) Registration Certificate. (duly attested by the Managing Director)

• Trade License.(current, duly attested by Managing Director/ Managing Partner/ Proprietor)

1. vi) Annual summary of Share Capital & List of Shareholders Directors (Last submitted Schedule –X & XII: if needed) (of Chairman, Vice Chairman, Managing Director, Directors Proprietors, BSVCFICA representative’s, duly attested by Managing Director)

(vii) List of Other Companies.(in which Chairman, Vice Chairman, Managing Director & other Directors have shareholdings, duly attested by Managing Director)

(viii) Photograph & Bio-data of a Shareholder-Director Representing the Company.

(3 copies photo, bio-data in letter head)

(ix)List of Completed and On-going Valuation Consultancy work.(With all deeds including deed of agreement, work order & work details)

(x)List of employees with their designations.(in letter head duly attested by Chairman/Managing Director/ Proprietor)

(xi)Photo Copy of Valuation Report

(xii) Enlistment certificate issued by Bank or any other authority

4. Inspection of corporate office and completed and on-going projects sites of the applicant company by BSVCFICA officials.
5. BSVCFICA Membership Development Committee shall exchange views with Chairman / Vice Chairman / Managing Director/BSVCFICA representative of the applicant company (They are must be share-holder directors).
6. On successful view-exchange meeting with concerned designator (s) of the applicant company, Membership Development Committee (MDC) shall forward recommendation to the Board of Directors of BSVCFICA for final approval.
7. On approval of the Membership Application by the Board of Directors of BSVCFICA, the applicant shall deposit:

(i)An admission fee of Tk. 250,000/-(Taka two hundred Fifty thousand)

(ii)Annual subscription of Tk. 24,000/-(Taka twenty Four thousand only)

08. Issuance of Membership Certificate