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of <h1>Eligibility rules for registering valuers and valuation firms-exam, experience, fit-and-proper checks, and limits on who can qualify.</h1> Prescribes eligibility conditions for individuals seeking registration as valuers, requiring membership in and recommendation by a registered valuers organisation, passing the valuation examination within the preceding three years, and possessing the prescribed qualifications and experience; it further mandates legal capacity, Indian residence status, absence of specified criminal convictions and disqualifying tax penalty history, and satisfaction of a fit-and-proper assessment, thereby restricting registration to competent, solvent, and compliant persons. It also bars partnership entities and companies from registration unless they are constituted for professional/financial (including valuation) services, are not in insolvency/bankruptcy, have eligible partners/directors, have a minimum number of registered valuer partners/directors and asset-class coverage, and are a member of only one registered valuers organisation, thereby limiting entity registration to suitably constituted and professionally staffed firms.
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