Home India Ministry of Corporate Affairs In exercise of the powers conferred by section 247 read with...
Date: 2018-09-26 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 247 read with section 469 of the Companies Act,

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

This notification, G.S.R. 925(E), issued by the Ministry of Corporate Affairs on September 25, 2018, introduces the Companies Registered Valuers and Valuation Third Amendment Rules, 2018. These rules amend the Companies Registered Valuers and Valuation Rules, 2017. Key changes include: 1) An extension of the deadline in rule 11 from September 30, 2018, to January 31, 2019; 2) An amendment to rule 14(f), substituting "one year" with "two years." The notification is issued under the authority of section 247 read with section 469 of the Companies Act, 2013 (18 of 2013). The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection i vide number G.S.R. 1316(E), dated the 18th October, 2017 and subsequently amended vide number G.S.R. 155 E, dated the 9th February, 2018 and number G.S.R. 559 E, dated the 13th June, 2018. Contact information: K.V.R. Murty, Jt. Secy., F.No.1272013CLV Part.

Key Entities Referenced

Ministry of Corporate Affairs: The Indian government ministry responsible for corporate affairs. New Delhi: The capital city of India where the notification was issued. Companies Act, 2013: An act of the Parliament of India that regulates incorporation, operation, and winding up of companies. Central Government: The Union Government of India. Companies Registered Valuers and Valuation Rules, 2017: The rules being amended by this notification. Companies Registered Valuers and Valuation Third Amendment Rules, 2018: The name of the amending rules. K.V.R. Murty: The Joint Secretary who signed the notification. Mayapuri, New Delhi: Location of the Government of India Press.
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