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TMI BlogMODEL CODE OF CONDUCT FOR REGISTERED VALUERSX X X X Extracts X X X X X X X X Extracts X X X X ..... tuations. 4. A valuer shall refrain from being involved in any action that would bring disrepute to the profession. 5. A valuer shall keep public interest foremost while delivering his services. Professional Competence and Due Care 6. A valuer shall render at all times high standards of service, exercise due diligence, ensure proper care and exercise independent professional judgment. 7. A valuer shall carry out professional services in accordance with the relevant technical and professional standards that may be specified from time to time 8. A valuer shall continuously maintain professional knowledge and skill to provide competent professional service based on up-to-date developments in practice, prevailing regulations ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nts, possible sources of conflicts of duties and interests, while providing unbiased services. 16. A valuer shall not deal in securities of any subject company after any time when he/it first becomes aware of the possibility of his/its association with the valuation, and in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 or till the time the valuation report becomes public, whichever is earlier. 17. A valuer shall not indulge in mandate snatching or offering convenience valuations in order to cater to a company or client s needs. 18. As an independent valuer, the valuer shall not charge success fee. 19. In any fairness opinion or independent expert opinion submitt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n proper working papers for a period of three years or such longer period as required in its contract for a specific valuation, for production before a regulatory authority or for a peer review. In the event of a pending case before the Tribunal or Appellate Tribunal, the record shall be maintained till the disposal of the case. Gifts and hospitality. 25. A valuer or his/its relative shall not accept gifts or hospitality which undermines or affects his independence as a valuer. Explanation .─ For the purposes of this code the term relative shall have the same meaning as defined in clause (77) of Section 2 of the Companies Act, 2013 (18 of 2013). 26. A valuer shall not offer gifts or hospitality or a financial or any ..... X X X X Extracts X X X X X X X X Extracts X X X X
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