Valuation by registered valuers

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..... th of a company or its liabilities under the provision of this Act, it shall be valued by 1 [a person having such qualifications and experience, registered as a valuer and being a member of an organisation recognised, in such manner, on such terms and conditions as may be prescribed] and appointed by the audit committee or in its absence by the Board of Directors of that company. (2) .....

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..... es ] : Provided that if the valuer has contravened such provisions with the intention to defraud the company or its members, he shall be punishable with imprisonment for a term which may extend to one year and with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees. (4) Where a valuer has been convicted under sub-section (3), he shall be .....

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..... ENT) ACT, 2020 dated 28-09-2020 w.e.f. 24-03-2021 before it was read as punishable with fine which shall not be less than twenty-five thousand rupees but which may extend to one lakh rupees - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI .....

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