Comment on the following: A practicing Company Secretary can act as a Registered Valuer under the provisions of the Companies Act, 2013 and other applicable laws for the time being in force.

As per section 247 of the Companies Act, 2013 read with the Companies (Registered Valuers and Valuation) Rules, 2017, to become a registered valuer under the Companies Act, 2013: The Practicing Company Secretary (PCS) should have three years of experience from the date of registration as a member with the Institute of Company Secretaries of India is eligible to become a registered valuer. For this purpose, he should be a registered member of Registered Valuer organization. He should be recommended by the Registered Valuer Organization of which he is a member for registration as a valuer. He should pass the valuation examination conducted by Insolvency and Bankruptcy Board of India who is the Authority for Registered Valuers, within three years preceding the date of making an application for registration as a member.