Partnership Firm/Companies shall be ineligible to be a registered valuer if it is not a member of RVO; MCA
- News|Blog|Company Law|
- 2 Min Read
- By Taxmann
- |
- Last Updated on 24 November, 2022
Latest from Taxmann
Notification No. GSR ……. (E), Dated 21.11.2022
The Ministry of Corporate Affairs has notified the Companies (Registered Valuers and Valuation) Amendment Rules, 2022. As per the amended norms, the partnership entity or company shall be ineligible to be a registered valuer if it is not a member of Registered Valuers Organisation (RVO). Also, it shall not be a member of more than one such registered valuers organisation at a given point of time.
The partnership entity or company, already registered as valuers as on the date of the commencement of these rules shall comply with these rules within 6 months from the date of commencement.
Further, new rules namely rule 7A and rule 14A have been added w.r.t intimation of changes to the authority.
As per rule 7A a registered valuer shall intimate the authority for a change in the personal details, any modification in the composition of partners or directors or any modification in any clause of the partnership agreement or memorandum of association, which may affect the registration of registered valuer, after paying fee as specified in the notification.
As per rule 14A a registered valuers organisation shall intimate the authority for change in the composition of its governing board, or its committees or appellate panel or other details, after paying fee as specified in the notification.
These rules shall come into force from the date of publication in the Official Gazette.
Click Here To Read The Full Notification
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
