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34AB. Registration of valuers.
(1) The [Chief Commissioner or Director General] shall maintain a register to be called the Register of Valuers in which shall be entered the names and addresses of persons registered under sub-section (2) as valuers.
(2) Any person who possesses the qualifications prescribed in this behalf may apply to the [Chief Commissioner or Director General] in the prescribed form for being registered as a valuer under this section:
Provided that different qualifications may be prescribed for valuers of different classes of assets.
(3) Every application under sub-section (2) shall be verified in the prescribed manner, shall be accompanied by such fees as may be prescribed and shall contain a declaration to the effect that the applicant will—
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make an impartial and true valuation of any asset which he may be required to value; |
| (ii) |
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furnish a report of such valuation in the prescribed form; |
| (iii) |
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charge fees at a rate not exceeding the rate or rates prescribed in this behalf; |
| (iv) |
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not undertake valuation of any asset in which he has a direct or indirect interest. |
(4) The report of valuation of any asset by a registered valuer shall be in the prescribed form and be verified in the prescribed manner.
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