: MCA invites public comments on Draft Valuers Bill, 2020 #FinanceIndia #StockMarketNEWS MCA invites public comments on Draft Valuers Bill, 2020 New Delhi, Apr 28 (KNN) Ministry of Corporate Affairs

@StockMarketNEWS Wed 29 Apr, 2020

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MCA invites public comments on Draft Valuers Bill, 2020 #FinanceIndia #StockMarketNEWS
MCA invites public comments on Draft Valuers Bill, 2020 New Delhi, Apr 28 (KNN) Ministry of Corporate Affairs (MCA) has invited public comments on Draft Valuers Bill, 2020 which has been drafted to establish a National Institute of Valuers on the recommendations of the Committee of Experts (CoE).

The Ministry has sought comments through email and the last date for the public comments is May 14.

However, to ensure structured comments, MCA has been decided to invite public comments through the following weblink: -http://feedapp.mca.gov.in.

The ministry said that copy of the report of the committee along with the Draft Valuers Bill, 2020 (Volume-I) may be accessed at the web link feedapp.mca.gov.in/ as well as at report of CoE Vol.I.pdf. and comments, if any, may be submitted online therein by end of business hours on May 4th 2020.

The Complete Report (Volume I, II & III) can be accessed at the link drive.google.com/open?id=1RkJTVkttkRTXYoPpvkfNA50CaRdg6utb.
It is once again requested that comments should not be sent separately through e-mail or Post. Those who have submitted comments by email are also requested to submit comments/suggestions through above link, MCA added.

Ministry of Corporate Affairs had constituted a Committee of Experts (CoE) under the Chairpersonship of M S Sahoo, Chairperson, Insolvency and Bankruptcy Board of India (IBBI) on August 30th, 2019 to examine the need for an institutional framework for regulation and development of Valuation Profession. Based on comprehensive study and analysis of all relevant issues and taking the inputs of key stakeholders, the Committee has submitted its report to the Government of India on March 31st, 2020 recommending to establish a National Institute of Valuers.