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PROCEDURE FOR REGISTRATION AS A REGISTERED VALUER BY AN INDIVIDUAL/PARTNERSHIP ENTITY UNDER DRAFT COMPANIES (REGISTERED VALUERS AND VALUATION) RULES, 2017

Corporate Laws / Banking / SEBI - By: - Mr. M. GOVINDARAJAN - Dated:- 7-6-2017 Last Replied Date:- 21-10-2017 - Certificate of registration Rule 2(1) (b) defines the expression certificate of registration as the certificate of registration granted to a valuer under Rule 7(6) and the term registration shall be construed accordingly. Procedure for grant of certificate of registration The eligibility conditions, disqualifications etc., are discussed in the previous article. Rule 7 provides the proc .....

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0/- in favor of the Registration Authority or partnership entity; • Form A contains the following details that are to be filled in by the applicant- Personal details; Educational, professional and valuation examination qualifications; Work experience; Additional information; Attachments- o Copy of proof of residence; o Copies of documents in support of educational qualifications, professional qualifications and valuation examination qualifications; o Copies of documents demonstrating practi .....

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; • Form B contains the following details that are to be filled in by the applicant- Details of partnership entity; Personal details of each partner; Educational, Professional and valuationexamination qualifications; Valuation professional Organization; Additional information; Attachments- o Copy of proof of residence of itself and its partners; o Copies of documents in support of educational qualifications, professional qualifications and valuation qualifications of partners; o Financial s .....

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le time, additional documents or clarification that it deems fit; • The Registration Authority may require the applicant to appear, within reasonable time, before the Authority in person, or through its authorized representative for explanation or clarifications required for processing the application; • If the Registration Authority is satisfied, after such scrutiny, inspection or inquiry as it deems necessary, that the applicant is eligible under these Rules, it may grant a certifica .....

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nting registration which are as follows- The valuer shall- • at all times comply with the provisions of the Act and these Rules; • at all times comply with the valuation standards; • in his/its capacity as a registered valuer, not conduct valuation of the assets or class of assets other than for which he/it has been registered by the Registration Authority; • take prior permission of the Registration Authority for shifting his/its membership from one valuation professional or .....

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e class of assets that are being valued to sign and act on behalf of it, where it is a partnership entity; • be jointly and severally liable with the partnership entity which he is a registered valuer, of which he is a partner and on whose behalf he signs and acts in respect of a valuation assignment; and • comply with such other conditions as may be imposed by the Registration Authority. Refusal to grant certificate Rule 8 provides the procedure for refusal to grant certificate of reg .....

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