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ISSN 0856 033IX THE UNITED REPUBLIC OF TANZANIA SUPPLEMENT 30th September, 2016No. 10to the Gazette of the United Republic of Tanzania No. 41 Vol 97 dated 30th September 2016 Printed by the Government.

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How to fill out the Valuation And Valuers Registration Act 2016 online

The Valuation And Valuers Registration Act 2016 governs the registration and regulation of valuers in mainland Tanzania. This guide aims to provide clear, step-by-step instructions on how to fill out the necessary online form related to this Act, ensuring a smooth and efficient application process.

Follow the steps to complete the online form.

  1. Click 'Get Form' button to obtain the form and open it in the editor.
  2. Fill in your personal details, including your full name and contact information, ensuring accuracy to avoid delays in processing.
  3. Provide your educational qualifications, specifying your degree and institution, as this demonstrates your eligibility for registration as a valuer.
  4. Complete the section regarding your work experience, detailing positions held that relate to valuation practices, which the Board will evaluate during application review.
  5. Enter details of any professional affiliations or memberships to relevant associations, as this may strengthen your application.
  6. Attach any required supporting documents, such as copies of your qualifications and identification, in the specified format to ensure they are properly submitted.
  7. Review all entered information for completeness and accuracy, correcting any discrepancies before submission.
  8. Once all sections are completed, use the options provided to save changes, download, print, or share the completed form for your records.

Start your application online today to ensure you are registered in compliance with the Valuation And Valuers Registration Act 2016.

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Integrity and Fairness 1. A valuer shall, in the conduct of his/its business, follow high standards of integrity and fairness in all his/its dealings with his/its clients and other valuers. 2. A valuer shall maintain integrity by being honest, straightforward, and forthright in all professional relationships.

Requirement of Valuation under Companies Act, 2013 Section 247 permits only Registered Valuers to undertake valuation of any stock, share, debenture, security. Goodwill, asset, liability or net worth of the company as required under this act.

Provided that if the valuer has contravened such provisions with the intention to defraud the company or its members, he shall be punishable with imprisonment for a term which may extend to one year and with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees.

(1) Where a valuation is required to be made in respect of any property, stocks, shares , debenture , securities or goodwill or any other assets (herein referred to as the assets) or net worth of a company or its liabilities under the provision of this Act, it shall be valued by a person having such qualifications and ...

Requirement of Valuation under Companies Act, 2013 Section 247 permits only Registered Valuers to undertake valuation of any stock, share, debenture, security. Goodwill, asset, liability or net worth of the company as required under this act.

For the private placement of securities under Section 42 of the Companies Act. If the consideration for the securities being issued is not cash, then as per Rule 12(5) of the Companies (Prospectus and Allotment of Securities) Rules, 2014, a valuation report for such consideration is also required.

Provided that if the valuer has contravened such provisions with the intention to defraud the company or its members, he shall be punishable with imprisonment for a term which may extend to one year and with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees.

Answer: The Government of India has given the authority of valuation under section 247 of the Companies Act, 2013. This has been given to the Insolvency and Bankruptcy Board of India (IBBI). This board would handle all procedures related to valuation.

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© Copyright 1997-2026
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Your Privacy Choices
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
altaFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2026
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232