Valuers delegation meets Shantaram Naik to demand legislation to regulate
their profession
The delegation of professional valuers led by Shri Mahendra S. Kakule met
Mr. Shantaram Naik M.P and Chairman of Parliament Standing Committee on
Personnel, Public Grievances, Law and Justice at his residence in Margao and
demanded that Government of India should enact an appropriate legislation to
regulate the profession of valuers.
The other members of the delegation consisted of Shri Earnesto Muniz, Shri
Lyod macedo, Shri R.P Varde, Shri Chandrashekhar Prabu Desai, Shri Vincent
Gracias, Shri Sravan Dubhashi and Shri P.C Gupta
The delegation brought to the notice of Mr. Naik that at present the only
statutory provision that is made for the valuers is the one under section 34
of the Wealth Tax Act and the rules made that thereunder by which, valuers
are registered by Chief Commissioner or Director General of Income Tax.
The delegation told Mr Naik that a draft bill prepared by the Government on
the subject, for which an expert committee was appointed to study, has not
considered the profession of valuers in totality and the same is defective
in many respects.
Valuers have informed Mr Naik that profession of valuers doing the
valuation of immoveable properties and buildings, agricultural lands,
plantations, forests, mines and querries, stocks/shares, machine and
plants, jewellery etc. have to be addressed properly in the proposed
bill.
RELEASED FROM THE OFFICE OF SHRI SHANTARAM NAIK M P
