PQR Ltd. is in the process of getting its securities listed on the stock exchange. The company needs to get the valuations done as per the requirements of SEBI. The Board of Directors have proposed the name of M/s Sunidh

Rule 3 (2) of the Companies (Registered Valuers and Valuation) Rules, 2017 provides that no partnership entity or company shall be eligible to be a registered valuer if- (a) it has been set up for objects other than for rendering professional or financial services, including valuation services and that in the case of a company, it is a subsidiary, joint venture or associate of another company or body corporate; (b) it is undergoing an insolvency resolution or is an undischarged bankrupt (c) all the partners or directors, as the case may be, are not ineligible under clauses (c), (d), (e), (f), (g), (h),(i), (j) and (k) of sub-rule (1); (d) three or all the partners or directors, whichever is lower, of the partnership entity or company, as the case may be, are not registered valuers; or (e) none of its partners or directors, as the case may be, is a registered valuer for the asset class, for the valuation of which it seeks to be a registered valuer.