Rule 14 Conditions of Recognition
- Text as on
- 14 August 2026
14. Conditions of Recognition.—
The recognition granted under rule 13 shall be subject to the conditions that the registered valuers organisation shall-
(a) at all times continue to satisfy the eligibility requirements specified under rule 12;
(b) maintain a register of members who are registered valuers, which shall be publicly available;
(c) admits only individuals who possess the educational qualifications and experience requirements, in accordance with rule 4 and as specified in its recognition certificate, as members;
(d) make such reports to the authority as may be required by it;
(e) comply with any directions, including with regard to course to be conducted by valuation organisation under clause (a) of sub-rule (2) of rule 12, issued by the authority;
(f) be converted or registered as company under section 8 of the Act, with governance structure and bye laws specified in Annexure-III, within a period of two years from the date of commencement of these rules if it is an organisation referred to in proviso to sub-rule (1) of rule 12;
(g) shall have the governance structure and incorporate in its bye laws the requirements specified in Annexure-III within one year of commencement of these rules if it is an organisation referred to in clause (i) of sub-rule (1) of rule 12 and existing on the date of commencement of these rules;
(h) display on its website, the status and specified details of every registered valuer being its valuer members including action under rule 17 being taken against him; and
(i) comply with such other conditions as may be specified by authority.
14A. Intimation of changes in composition of governing board, etc. by the registered valuers organisations to the authority.- A registered valuers organisation shall intimate the authority for change in composition of its governing board, or its committees or appellate panel, or other details, after payment of fee as per the Table II in Annexure V