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

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9. Temporary surrender.─

(1) A registered valuer may temporarily surrender his registration certificate in accordance with the bye-laws or regulations, as the case may be, of the registered valuers organisation and on such surrender, the valuer shall inform the for taking such information on record. 9

(2) A registered valuers organisation shall inform the authority if any valuer member has temporarily surrendered his/its membership or revived his/ its membership after temporary surrender, not later than seven days from approval of the application for temporary surrender or revival, as the case may be.

(3) Every registered valuers organisation shall place, on its website, in a searchable format, the names and other details of its valuers members who have surrendered or revived their memberships.

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