Enrolment - Fellow Membership

Fellow Membership

Institute of Valuers of Sri Lanka (Amendment) Act, No. 9 of 2019

1. A person shall be eligible to be enrolled as a Fellow Member:
   1. If he has served a minimum of fifteen years in the grade of Professional Associate Member and is in the profession of valuation in accordance with the scheme of assessment of professional competence or any other requirement for continuous professional development determined under section 5:
      Provided that the members who were Corporate Members on the fourteenth day of February, Two Thousand and Three are exempted from the scheme of assessment of professional competence or any other requirement for continuous professional development as aforesaid;
   2. If he has acquired such knowledge of valuation and eminence in the profession that, in the opinion of the Council, his admission as a Fellow Member would promote the interests of the profession.
2. Every application for enrolment in any grade of Corporate Members shall:
   1. Be made to the Honorary General Secretary of the Council;
   2. Be in such form as may be provided for the purpose by the Honorary General Secretary of the Council;
   3. State the qualifications by virtue of which the applicant is eligible for enrolment in that grade and be supported by an affidavit as to such qualifications;
   4. Be signed by the applicant;
   5. Be accompanied by the amount of the appropriate application fee, entrance fee and membership fee; and
   6. Be recommended by two members of the Council or by four members of the Institute of whom:
      • One shall be a Fellow,
      • One shall be a Professional Associate Member, and
      • Not less than two shall be members enrolled in the grade in which the applicant seeks enrolment.