Procedure for Cancelling or Suspending Valuer's Registration Under Rule 17 of Valuers Rules, 2017 Explained

Rule 17 of the Companies (Registered Valuers and Valuation) Rules, 2017 outlines the procedure for cancelling or suspending a valuer's registration or a valuers organization's recognition. If an authorized officer finds sufficient cause based on an investigation or complaint, a show-cause notice is issued detailing the alleged violations and required response. The notice can be served by registered post or email. The officer must resolve the notice following natural justice, potentially resulting in no action, a warning, or suspension/cancellation of registration. Orders are published online and become effective after 30 days, with an appeal option available.

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