Educational approval requires mandatory State registration, but incidental surplus and trustee-owned land do not prove private benefit or profit motiv...
Judicial review of settlement orders cannot reopen settled customs notices, while statutory interest remains subject to verification and quantificatio...
Customs Broker licence lending for consideration justified revocation where exporter authorisation and client verification obligations were also breac...
Fraudulent import documents suspend limitation protection, while redemption of confiscated goods requires duty and interest despite bona fide purchase...
ODR arbitration participation remains mandatory after failed conciliation, while jurisdictional and maintainability objections stay available before t...
Transparency in technical bid evaluation requires disclosed standards and recorded reasons; opaque scoring invalidated tender awards and required fres...
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The Companies (Registered Valuers and Valuation) Rules, 2017 are amended to tighten eligibility for registration of a registered valuer organisation. Rule 12 now requires the organisation to be registered under section 25 of the Companies Act, 1956 or section 8 of the Companies Act, 2013, have a minimum paid-up share capital of twenty-five lakh rupees, have the sole object of regulating valuers for one or more asset classes, and maintain bye-laws in Annexure III. An existing organisation that does not yet meet the capital requirement must comply by 31 March 2028. The amendment takes effect on publication in the Official Gazette.
The Companies (Registered Valuers and Valuation) Rules, 2017 are amended to tighten eligibility for registration of a registered valuer organisation. Rule 12 now requires the organisation to be registered under section 25 of the Companies Act, 1956 or section 8 of the Companies Act, 2013, have a minimum paid-up share capital of twenty-five lakh rupees, have the sole object of regulating valuers for one or more asset classes, and maintain bye-laws in Annexure III. An existing organisation that does not yet meet the capital requirement must comply by 31 March 2028. The amendment takes effect on publication in the Official Gazette.
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