Valuation rules amendment adds presidents of major professional institutes as ex officio members of valuation governance. Amendment inserts a new clause providing that the presidents of the three principal professional accountancy and company governance institutes shall serve as ex officio members, thereby altering the composition of the valuation rules' governing membership. The amendment takes effect upon publication in the Official Gazette and is made under the Companies Act rule making powers.
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Valuation rules amendment adds presidents of major professional institutes as ex officio members of valuation governance.
Amendment inserts a new clause providing that the presidents of the three principal professional accountancy and company governance institutes shall serve as ex officio members, thereby altering the composition of the valuation rules' governing membership. The amendment takes effect upon publication in the Official Gazette and is made under the Companies Act rule making powers.
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