Governance Structure of the Registered Valuers Organisation

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....ered email addresses and on website of the IBBI) Dear Madam / Sir, Subject: Governance Structure of the Registered Valuers Organisation The Companies (Registered Valuers and Valuation) Rules, 2017 (Rules) envisage Registered Valuer Organisations (RVOs) to act as front-line regulators for development and regulation of the valuation profession. The RVOs have the responsibility to admit, dev....

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.... who is not a registered valuer; (c) who is not a shareholder of the registered valuers organisation; and (d) who fulfils the requirements under sub-section (6) of section 149 of the Companies Act, 2013. Further, as per sub-clause (6), the Chairperson of the Governing Board of an RVO shall be an independent director. 3. In the meetings with MDs/CEOs of the RVOs, tḥe issue of elig....

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....he ICAI, who is a director on the Governing Board of the ICAI RVO shall not be considered as an independent director for the purposes of sub-clause (5) of clause (4) of Part - I of Annexure - III of the Rules. It is further advised that if any RVO does not have composition of its Governing Board taking this clarification into account shall reconstitute the Governing Board within three months from ....