Forums
Back
Registered Valuer
Corporate & Other Laws
Rule 2(1) lists out the eligibility criteria to become RV in case of individuals. Rule 2(2)(c) says "No partnership/Company shall be eligible if all the partners/directors are eligible (here i presumed "not ineligible" means eligible) under (c) to (k) of Rule 2(1)". I couldn't understand this. How a company shall not be eligible if all the directors are eligible? Am I interpreting it wrongly? Can Someone explain me this Rule 2(2)(c) of Registered Valuer (RV) rules.
Answers (4)
CA Suraj Lakhotia Admin
It has to be read as A Partnership/ Company shall be eligible
If we read it as "A partnership/co shall be eligible", wouldn't it go illogical with clause (a) & (b)... I mean like "A partnership/co shall be eligible if it has been set up for objects other than for rendering professional service" or "A partnership/co shall be eligible if it is undergoing insolvency resolution". Sorry am still confused.
Your Reply