Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Registered valuers organisations: Section 8, India-controlled ownership, mandatory bye-laws, independent boards and discipline rules, governance standardised.</h1> Recognition and functioning of a registered valuers organisation is prescribed by requiring it to be a section 8 company with share capital, having the sole object of performing registered valuers organisation functions, not controlled from outside India, with non-resident shareholding capped at 49%, restricted multi-layer subsidiary status, and 'fit and proper' promoters/directors and significant shareholders, thereby limiting eligible entities to domestically controlled, purpose-specific bodies. Mandatory bye-laws must be filed with the application, remain consistent with the model bye-laws, be publicly disclosed (including committees and policies), and be amendable only by a supermajority board resolution subject to filing and approval with delayed effectiveness. Board composition must ensure Indian residency, cap registered valuers, mandate independent director majority and chairperson, and require specified committees, membership controls, monitoring, grievance redressal, disciplinary sanctions/appeals, and rules for surrender and expulsion, thereby standardising governance and member regulation.
TaxTMI 
TaxTMI 
