Recognition of registered valuers organisations requires ongoing eligibility, member registers, reporting, prescribed governance reforms, and public disclosures. Rule 14 conditions recognition on continued satisfaction of Rule 12 eligibility, maintenance and public availability of a register of registered valuer members, admission only of individuals meeting Rule 4 educational and experience requirements as specified in the recognition certificate, making reports and complying with authority directions. Organisations must adopt the governance structure and bye laws in Annexure III within prescribed periods (conversion to a section 8 company within two years or bye law incorporation within one year where applicable), display valuer status and actions on their website, and satisfy any other conditions imposed by the authority.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Recognition of registered valuers organisations requires ongoing eligibility, member registers, reporting, prescribed governance reforms, and public disclosures.
Rule 14 conditions recognition on continued satisfaction of Rule 12 eligibility, maintenance and public availability of a register of registered valuer members, admission only of individuals meeting Rule 4 educational and experience requirements as specified in the recognition certificate, making reports and complying with authority directions. Organisations must adopt the governance structure and bye laws in Annexure III within prescribed periods (conversion to a section 8 company within two years or bye law incorporation within one year where applicable), display valuer status and actions on their website, and satisfy any other conditions imposed by the authority.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.