Governance Structure of the Registered Valuers Organisation

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..... (RVOs) (By mail to registered 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. T .....

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..... e field of finance, law, management or valuation; (b) 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 directo .....

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..... is a director on the Governing Board of the IOV RVO or a professional member of the 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 clarificat .....

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