India:
The Companies (Registered Valuers And Valuation) Rules, 2017
04 December 2017
Clyde & Co
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The MCA vide a notification dated October 18, 2017 issued
Companies (Registered Valuers and Valuation) Rules, 2017. The
aforesaid rule extensively provides for the qualifications,
eligibility criteria and experience of persons who can act as
registered valuers. Different professionals have been specified for
the different class of assets. It is a mandatory requirement for
the valuers to get themselves registered with the Registered
Valuers Organisations ("RVO") in order to do valuation.
Currently, a transition period up to March 31, 2018 has been
provided to the valuers to get themselves registered with the RVOs.
Until then, the valuers can continue doing valuation without
registration.
This update is authored by Clasis Law, Clyde &
Co's associated firm in India
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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