IBBI Recognition No: IBBI/RVO/2021/016
28th Jan 2020
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. They have the responsibility to admit, groom, monitor and discipline the members of the profession, and while doing so, they must follow well established norms of governance befitting a regulatory State. Keeping their responsibilities in view, the Rules prescribe the composition of Governing Board of an RVO, and manner of discharge of its powers and functions.
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No individual who is part of management team or the Governing Board of the RVO has been disqualified from taking up the valuation assignment under provisions of any statute