Rule 3(2) of the Companies (Registered Valuers and Valuation) Rules, 2017 (the Rules) specifies the eligibility criteria which are as follows:

  • The Partnership Entity/LLP should be constituted with the objects of rendering professional or financial services, including valuation services. In the case of a company, it is a subsidiary, joint venture, or associate of another company or body corporate.
  • Three Partners or all the partners of the Partnership Entity/LLP/Company, whichever is lower, shall be the Registered Valuers.
  • At least one of the Partners shall be a Registered Valuer for the asset class for the valuation of which the Partnership firm/LLP/Company seeks to be a Registered Valuer.
  • The Partnership Entity/LLP/Company is not undergoing an insolvency resolution or is an undischarged bankrupt.
  • All the partners shall be eligible under clauses (c), (d), (e), (f), (g), (h), (i), (j), and (k) of sub-rule (1) of Rule 3 of the Rules.