https://www.taxtmi.com/caselaws?id=374590 The court upheld the constitutionality of Rule 3(2) of the Companies (Registered Valuers and Valuation) Rules, 2017, which excludes subsidiaries, joint ventures, or associates of other companies from being registered valuers. The court found the rule to be reasonable and justified in maintaining the integrity and professionalism of the valuation industry, dismissing the petitioners' arguments of constitutional violations. The classification under Rule 3(2) was deemed to have a rational relation to the objective of ensuring professionalism and avoiding conflicts of interest, leading to the dismissal of the petitions. en-us Thu, 31 Jan 2019 00:00:00 +0530 Wed, 08 May 2019 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374590 The court upheld the constitutionality of Rule 3(2) of the Companies (Registered Valuers and Valuation) Rules, 2017, which excludes subsidiaries, joint ventures, or associates of other companies from being registered valuers. The court found the rule to be reasonable and justified in maintaining the integrity and professionalism of the valuation industry, dismissing the petitioners' arguments of constitutional violations. The classification under Rule 3(2) was deemed to have a rational relation to the objective of ensuring professionalism and avoiding conflicts of interest, leading to the dismissal of the petitions. Case-Laws Companies Law Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374590