Companies (Registered Valuers and Valuation) Rules impose penalties under the Act for contraventions and reserve other liabilities. Rule 20 provides that where a person contravenes any provision of the Companies (Registered Valuers and Valuation) Rules, 2017, they shall be punishable ... Summary
Companies (Registered Valuers and Valuation) Rules impose penalties under the Act for contraventions and reserve other liabilities.
Rule 20 provides that where a person contravenes any provision of the Companies (Registered Valuers and Valuation) Rules, 2017, they shall be punishable in accordance with the statutory penal provision specified by the Act, and this punishment is prescribed without prejudice to any other liabilities that may arise under the law.
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