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Valuer eligibility revised: updated qualifications and experience govern registration and valuation scope under the Companies Act. The amendments broaden the rules' application to valuation of any company property, assets or liabilities under the Act, clarify non application to valuations under other laws, revise rule text to remove certain permissions, and substitute Annexure IV to set asset-class specific qualifications and minimum experience for registration as valuers, with 'equivalent' qualifications defined by the Ministry of Human Resources and Development and provision for additional asset classes to be specified by the Central Government.
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Valuer eligibility revised: updated qualifications and experience govern registration and valuation scope under the Companies Act.
The amendments broaden the rules' application to valuation of any company property, assets or liabilities under the Act, clarify non application to valuations under other laws, revise rule text to remove certain permissions, and substitute Annexure IV to set asset-class specific qualifications and minimum experience for registration as valuers, with "equivalent" qualifications defined by the Ministry of Human Resources and Development and provision for additional asset classes to be specified by the Central Government.
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