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Meaning of valuer under companies act, 2013

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(Querist)
04 July 2016 Dear Experts,

Please explain which persons are included in the definition of valuer as given in Companies Act, 2013. Whether it includes any practicing CA.
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Shishir Nayak

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Shishir Nayak (Expert)
04 July 2016 The following persons shall be eligible to apply for being registered as a valuer as per CA 2013:

A chartered accountant, company secretary or cost accountant who is in whole-time practice, or retired member of Indian Corporate Law Service or any Indian Citizen holding equivalent Indian or foreign qualification as the Ministry of Corporate Affairs may by an order recognize.
A Merchant Banker registered with SEBI and having in his employment persons having qualifications as mentioned above to carry out valuation services by such qualified persons
A member of the Institute of Engineers and who is in whole-time practice
A member of the Institute of Architects and who is in whole-time practice
5 years of continuous post membership experience is mandatory in all the above cases.
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