Office Memorandum No. 578/2011/IAPRD of the Information and Public Relations Department, Government of Kerala dated 23rd July, 2011 on the valuation of assets of a company [C13-2F7]
As at 7 September 2026. In force. No commencement recorded.
No. 578/2011/IAPRD
GOVERNMENT OF KERALA
Information and Public Relations Department, Government of Kerala
Thiruvananthapuram, dated the 23rd July, 2011
OFFICE MEMORANDUM
Subject: The valuation of assets of a company by registered valuers under the Kerala Chitties Act, 1975, regarding.
1. The undersigned is directed to say that references have been received in the Information and Public Relations Department, Government of Kerala on the manner in which the valuation of assets of a company by registered valuers is to be regulated under the Kerala Chitties Act, 1975.
2. The matter has been examined. Every registered valuer carrying on the valuation of assets of a company shall make an application in Form INC-1 to the Tribunal within ninety days, accompanied by a fee of five thousand rupees.
3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the valuation of assets of a company is undertaken, and the Tribunal shall dispose of it within ninety days of its receipt.
4. Difficulties, if any, in the implementation of this office memorandum may be brought to the notice of the Information and Public Relations Department, Government of Kerala.
(Secretary to Government)
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