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The Tax Publishers Key Amendments Pertaining to The Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018 Pragya Bhandari The Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018 has brought about several changes and new provisions in the Companies (Registered Valuers and Valuation) Rules, 2017. This article highlights the major amendments comparing with the existing provisions of rules. 1. Prologue The Ministry of Corporate Affairs, has notified section 247 with regard to Registered Valuers as well as the Companies (Registered Valuers and Valuation) Rules, 2017 (hereinafter referred as 'the rules') on 18th October, 2017. These provide the mechanism for valuation by registered valuers. The Companies (Registered Valuers and Valuation) Rules, 2017 have been amended from time to time to develop a transparent and effective system. In pursuance of notification G.S.R. 1108(E), dt. 13-11-2018, the Ministry of Corporate Affairs has issued the Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018 (hereinafter referred as 'the amended rules'). This article deals with the same in detail by doing comparative study with earlier provisions. 2. Applicability of rule The amended rules prescribe the applicability of the Companies (Registered Valuers and Valuation) Rules, 2017. Accordingly, the rules would apply for valuation in respect of any property, stocks, shares, debentures, securities or goodwill or any other assets or net worth of a company or its liabilities under the provision of the Companies Act or these rules. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

Key Amendments Pertaining to The Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018

Pragya Bhandari

The Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018 has brought about several changes and new provisions in the Companies (Registered Valuers and Valuation) Rules, 2017. This article highlights the major amendments comparing with the existing provisions of rules.

1. Prologue

The Ministry of Corporate Affairs, has notified section 247 with regard to Registered Valuers as well as the Companies (Registered Valuers and Valuation) Rules, 2017 (hereinafter referred as 'the rules') on 18th October, 2017. These provide the mechanism for valuation by registered valuers. The Companies (Registered Valuers and Valuation) Rules, 2017 have been amended from time to time to develop a transparent and effective system.

In pursuance of notification G.S.R. 1108(E), dt. 13-11-2018, the Ministry of Corporate Affairs has issued the Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018 (hereinafter referred as 'the amended rules'). This article deals with the same in detail by doing comparative study with earlier provisions.

2. Applicability of rule

The amended rules prescribe the applicability of the Companies (Registered Valuers and Valuation) Rules, 2017. Accordingly, the rules would apply for valuation in respect of any property, stocks, shares, debentures, securities or goodwill or any other assets or net worth of a company or its liabilities under the provision of the Companies Act or these rules.