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Valuer registration and recognition regime imposes qualification, conduct, reporting and disciplinary obligations for valuation practice. These rules create a regulatory regime requiring registration of valuers and recognition of valuers organisations, setting eligibility, education, experience and valuation-examination requirements, application procedures and fees, and conditions of registration limiting practice to specified asset classes, record-keeping and disclosure obligations. Valuations must follow notified valuation standards or recognised standards pending notification, with detailed report content and mandatory disclosure of inputs and conflicts. Recognised organisations must adopt governance, training, monitoring, grievance and disciplinary arrangements, convert to section 8 companies where required, maintain public registers, and cooperate with authority inspections and sanctions; enforcement includes show-cause procedures, suspension or cancellation and remedies under the Companies Act.
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.
Valuer registration and recognition regime imposes qualification, conduct, reporting and disciplinary obligations for valuation practice.
These rules create a regulatory regime requiring registration of valuers and recognition of valuers organisations, setting eligibility, education, experience and valuation-examination requirements, application procedures and fees, and conditions of registration limiting practice to specified asset classes, record-keeping and disclosure obligations. Valuations must follow notified valuation standards or recognised standards pending notification, with detailed report content and mandatory disclosure of inputs and conflicts. Recognised organisations must adopt governance, training, monitoring, grievance and disciplinary arrangements, convert to section 8 companies where required, maintain public registers, and cooperate with authority inspections and sanctions; enforcement includes show-cause procedures, suspension or cancellation and remedies under the Companies Act.
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