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of <h1>Central Government Forms Valuation Advisory Committee Under Rule 19 to Guide Standards and Policies for Valuers</h1> The Companies (Registered Valuers and Valuation) Rules, 2017, under Rule 19, allows the Central Government to establish a 'Committee to advise on valuation matters.' This Committee is tasked with recommending valuation standards and policies for companies and registered valuers. It includes a Chairperson with expertise in valuation and related fields, members from the Ministry of Corporate Affairs, the Insolvency and Bankruptcy Board of India, the Legislative Department, and representatives from registered valuers organizations and industry stakeholders. The Presidents of key professional institutes serve as ex-officio members. Members serve three-year terms, with a maximum of two terms.
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