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of <h1>Registered Valuers Organization: Section 8 Company Mandate, Independent Board, Strict Compliance, and Ethical Standards Focus</h1> The governance structure for a registered valuers organization requires it to be a company under section 8 of the Companies Act, 2013, with specific ownership restrictions and a focus solely on valuation functions. It must have bye-laws consistent with model bye-laws and a governing board with a majority of independent directors. The organization is tasked with maintaining high ethical standards, ensuring compliance, and promoting professional development. It must establish various committees for membership, monitoring, grievances, and discipline. Membership involves eligibility criteria, application processes, and potential expulsion for non-compliance. The organization must monitor members' adherence to laws and manage grievances and disciplinary actions effectively.
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