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sorabh



Joined: 30 Aug 2008
Posts: 55

PostPosted: Sat Jan 03, 2009 12:08 pm    Post subject: Valuer's Bill Reply with quote

 
Tiruchirapalli: A Bill on valuation of real estate, agriculture, industries and machinery and plants, works of art and life interest, marine properties, textiles, electronic and telecommunication engineering and products is under the consideration of Parliament.
Initiated by the Ministry of Company Affairs, the draft bill to recognise, regulate and frame rules and regulations is under examination by different agencies and very soon will be tabled in Parliament, according to S S K Bhagat, Vice-President, Institution of Valuers-IIV (India).
He told PTI that the ministry had elicited views from various institutes and submitted its recommendations.
The rationalisation of valuation techniques is also under the purview of Institute of Chartered Accountants, Institute of Company Secretary, Institute of Cost and Works Accountants of India, Institute of Insurance Surveyors, The Indian Council of Arbitrator’s.
The Department of Company Affairs, Government of India, had convened different rounds of meetings among various bodies and the draft bill is also under circulation with the ministry of finance, company law, he said.
The IIV has also submitted its ‘Green Book´ to the committee headed by Dr Amit Mitra, Secretary General, FICCI (Federation of Indian Chamber of Commerce and Industry)’, who has been nominated to finalize the draft bill.
Bhagat hoped that the bill will take shape soon, thereby envisaging a professional framework for valuers and achieving the due recognition among the general public and industrial groups.
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ramachandralu



Joined: 21 Feb 2013
Posts: 6

PostPosted: Mon Feb 25, 2013 8:25 pm    Post subject: Re: Valuer's Bill Reply with quote

[quote="sorabh"]

 
Tiruchirapalli: A Bill on valuation of real estate, agriculture, industries and machinery and plants, works of art and life interest, marine properties, textiles, electronic and telecommunication engineering and products is under the consideration of Parliament.
Initiated by the Ministry of Company Affairs, the draft bill to recognise, regulate and frame rules and regulations is under examination by different agencies and very soon will be tabled in Parliament, according to S S K Bhagat, Vice-President, Institution of Valuers-IIV (India).
He told PTI that the ministry had elicited views from various institutes and submitted its recommendations.
The rationalisation of valuation techniques is also under the purview of Institute of Chartered Accountants, Institute of Company Secretary, Institute of Cost and Works Accountants of India, Institute of Insurance Surveyors, The Indian Council of Arbitrator’s.
The Department of Company Affairs, Government of India, had convened different rounds of meetings among various bodies and the draft bill is also under circulation with the ministry of finance, company law, he said.
The IIV has also submitted its ‘Green Book´ to the committee headed by Dr Amit Mitra, Secretary General, FICCI (Federation of Indian Chamber of Commerce and Industry)’, who has been nominated to finalize the draft bill.
Bhagat hoped that the bill will take shape soon, thereby envisaging a professional framework for valuers and achieving the due recognition among the general public and industrial groups.

[/quote]

Dear distinguished valuers,

Is there any bill passed in the Parliament to this effect? Any inclusion of Textile valuers(Engineers)?

Rgds.,

Dr.K.Ramachandralu.

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rohitkapur



Joined: 25 Jan 2017
Posts: 61

PostPosted: Wed Feb 15, 2017 3:01 pm    Post subject: No use of Bills as bribe compulsory at Lucknow Reply with quote

Bribe mandatory for registration as valuer in Lucknow Income Tax office I had applied for valuer with Lucknow income tax department on 05-08-2015. I was verified by 3 people on December 2015. Now assessing officer and department confirmed that it was ok for me as Plant and Machinery valuer. The Assistant commissioner then sent the files for reverifications with the same people. One of them said he does not knew me. Now I am caught in department war and corruption. Assistant Commissioner says he needs 5000 Rs. To pass me. While other department people say that only Assessing officer comments are enough. Kindly enlighten me on what to do? Pay 5000 rs. To Assistant commissioner Tiwari or fight. It is now almost 19 months fighting for jusitice. Please let me know on what to do. I had even given 2 more people for verification purpose besides 3 their on the Form N submitted with Income Tax Lucknow?
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francis k c



Joined: 04 Jun 2020
Posts: 3

PostPosted: Sat Jun 06, 2020 5:21 pm    Post subject: Reply with quote

 siince valuer bill 2020 is with the ministry,protection of rights of cbdt registered valuers and chartered engineers shall be made.Also seniro experienced valuers should not have any enrolement examinations and shall be automatically be enrolled

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