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Companies (Registered Valuers and Valuation) Amendment Rules, 2022

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..... (2) They shall come into force on the date of their publication in the Official Gazette. 2 . In the Companies (Registered Valuers and Valuation) Rules, 2017 (hereafter referred to as the said rules), in rule 3 , in sub-rule (2),- (i) in clause (c), for the word ineligible , the word eligible shall be substituted; (ii) after clause (e), the following clause shall be inserted, namely:- (f) it is not a member of a registered valuers organisation: Provided that it shall not be a member of more than one such registered valuers organisation at a given point of time: Provided further that the partnership entity or company, already registered as valuers, on the date of commencement of the Companies (Registered Valuers an .....

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..... shall be inserted, namely:- Explanation .- For the removal of doubts, it is hereby clarified that a member functioning as a whole time director in the company registered as valuer shall not be treated as taking up employment for the purpose of this provision. 7 . In the said rules , in Annexure IV, the existing Note shall be numbered as Note 1 thereof, and after the Note 1, as so numbered, the following Note shall be inserted, namely:- Note 2: In case of asset classes namely, the 'plant and machinery' and 'land and building', the corresponding relevant nomenclature for the branches of the engineering and technology of graduate and post-graduate courses referred to in the notification number F. No. 27/RIFD/Pa .....

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..... change (2) Fee (in rupees)* (3) 1. Composition of Governing Board of an RVO 5,000/- 2. Chief Executive Officer/ Managing Director of an RVO 2,000/- 3. Name of an RVO 10,000/ 4. Registered Office address of an RVO 2,000/- * plus Goods and Services Tax/other taxes as may be applicable. . [F. NO. 1/27/2013-CL-V(Part)] (Manoj Pandey) Joint Secretary to the Government of India Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section .....

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