valid as on 21/07/2019

17.1.16-Companies (Registered Valuers and Valuation) Rules, 2017

16. Complaint against a registered valuer or registered valuers organisation.-

A complaint may be filed against a registered valuer or registered valuers organisation before the in person or by post or courier along with a non-refundable fees of rupees one thousand in favour of the authority and the authority shall examine the complaint and take such necessary action as it deems fit:

Provided that in case of a complaint against a registered valuer, who is a partner of a partnership entity or director of a company, the authority may refer the complaint to the relevant registered valuers organisation and such organisation shall handle the complaint in accordance with its bye laws.

Central Government have delegated powers under section 247 to the Insolvency and Bankruptcy Board of India vide notification dated 23.10.2017. To view the notification, Click Here

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