Meaning of valuer under companies act, 2013
This query is : Resolved
04 July 2016
Dear Experts,
Please explain which persons are included in the definition of valuer as given in Companies Act, 2013. Whether it includes any practicing CA.
Please explain which persons are included in the definition of valuer as given in Companies Act, 2013. Whether it includes any practicing CA.
04 July 2016
The following persons shall be eligible to apply for being registered as a valuer as per CA 2013:
A chartered accountant, company secretary or cost accountant who is in whole-time practice, or retired member of Indian Corporate Law Service or any Indian Citizen holding equivalent Indian or foreign qualification as the Ministry of Corporate Affairs may by an order recognize.
A Merchant Banker registered with SEBI and having in his employment persons having qualifications as mentioned above to carry out valuation services by such qualified persons
A member of the Institute of Engineers and who is in whole-time practice
A member of the Institute of Architects and who is in whole-time practice
5 years of continuous post membership experience is mandatory in all the above cases.
A chartered accountant, company secretary or cost accountant who is in whole-time practice, or retired member of Indian Corporate Law Service or any Indian Citizen holding equivalent Indian or foreign qualification as the Ministry of Corporate Affairs may by an order recognize.
A Merchant Banker registered with SEBI and having in his employment persons having qualifications as mentioned above to carry out valuation services by such qualified persons
A member of the Institute of Engineers and who is in whole-time practice
A member of the Institute of Architects and who is in whole-time practice
5 years of continuous post membership experience is mandatory in all the above cases.
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