Government of India
Ministry of Corporate Affairs
Notification
New Delhi , 13th November 2018
G.S.R…….(E).- In exercise of the powers conferred by section 247 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Registered Valuers and Valuation) Rules, 2017, namely:-
1. (1) These rules may be called the Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Companies (Registered Valuers and Valuation) Rules, 2017 (hereinafter referred to as “the said rules”), in rule 1,-
(a) for the marginal heading, the following marginal heading shall be substituted, namely:-
“Short title, commencement and application”;
(b) after sub-rule (2), the following sub-rule shal1 be inserted, namely:-
“(3) These rules shall apply for valuation in respect of any property, stocks, shares, debentures, securities or goodwill or any other assets or net worth of a companv or its liabilities under the provision of the Act or these rules.
Explanation.- It is hereby clarified that conduct of valuation under any other law other than the Act or these rules by any person shall not be affected by virtue of coming into effect of these rules.”
3. In the said rules, in rule 3, in sub-rule (2), –
(a) in clause (a), the word “not” shall be omitted;
(b) in clause (c), after the brackets and letter “(e)”, the brackets and letter “(f),” shall be inserted.
Click here to read whole Notification:Companies Registered Valuers fourth Amendment Rules 2018
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