Rule 14 - Conditions of Recognition - Companies (Registered Valuers and Valuation) Rules, 2017

14. Conditions of Recognition .─ The recognition granted under rule 13 shall be subject to the conditions that the registered valuers organisation shall- (a) at all times continue to satisfy the eligibility requirements specified under rule 12; (b) maintain a register of members who are registered valuers, which shall be publicly available; (c) admits only individuals who possess the educational qualifications and experience requirements, in accordance with rule 4 and as specified in its recognition certificate, as members; (d) make such reports to the authority as may be required by it; (e) comply with any directions, including with regard to course to be conducted by valuation organisation under clause (a) of sub-rule (2) of rule 12, issued by the authority; (f) be converted or registered as company under section 8 of the Act, with governance structure and bye laws specified in Annexure-III, within a period of 1 [ two years ] from the date of commencement of these rules if it is an organisation referred to in proviso to sub-rule (1) of rule 12; (g) shall have the governance structure and incorporate in its bye laws the requirements specified in Annexure-III within one year of commencement of these rules if it is an organisation referred to in clause (i) of sub-rule (1) of rule 12 and existing on the date of commencement of these rules; (h) display on its website, the status and specified details of every registered valuer being its valuer members including action under rule 17 being taken against him; and (i) comply with such other conditions as may be specified by authority. ********** Notes:- 1. Substituted vide Notification No. F.No.1/27/2013-CL-V-(Part) dated 25-09-2018 before it was read as, one year