Standing Order No. 4184/2020 of the Industries and Commerce Department, Government of Kerala dated 14th March, 2020 on the valuation of assets of a company [C17-M2A]

As at 7 September 2026. In force. No commencement recorded.

Dates: made 14 March 2020; in force not recorded; ceased none recorded. Gazette: none recorded. Band B.

Jurisdiction: Kerala [IN-KL]. Made by the Industries and Commerce Department, Government of Kerala.

Synthetic. This instrument, its title, its number and its words are generated by the register, beneath the Act its recital names.

Cite: Standing Order No. 4184/2020 of the Industries and Commerce Department, Government of Kerala dated 14th March, 2020 on the valuation of assets of a company, Standing Order No. 4184/2020, 14th March, 2020 [C17-M2A]. Machine: C17-M2A.

Standing Order No. 4184/2020

GOVERNMENT OF KERALA

Industries and Commerce Department, Government of Kerala

Thiruvananthapuram, dated the 14th March, 2020

STANDING ORDER

All Regional Directors,

Subject: The valuation of assets of a company by registered valuers under the Kerala Chitties Act, 1975, regarding.

In exercise of the powers conferred by section 9 of the Kerala Chitties Act, 1975 (Kerala Act 23 of 1975), the Industries and Commerce Department, Government of Kerala hereby issues the following Standing Order for the guidance of all officers subordinate to it:

1. References have been received seeking clarification on the manner in which section 9 applies to the valuation of assets of a company by registered valuers.

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 Insolvency and Bankruptcy Board within thirty days, accompanied by a fee of two hundred rupees.

3. The Regional Director shall ensure that books of account is dealt with as directed above, and shall report compliance to the Insolvency and Bankruptcy Board within thirty days.

4. Difficulties, if any, in the implementation of this standing order may be brought to the notice of the Industries and Commerce Department, Government of Kerala.

(Secretary to Government)

Made under

Recital: "In exercise of the powers conferred by section 9 of the Kerala Chitties Act, 1975 (Kerala Act 23 of 1975), the Industries and Commerce Department, Government of Kerala hereby issues the following Standing Order for the guidance of all officers subordinate to it:". Names section 9 of the Kerala Chitties Act, 1975 (Kerala Act 23 of 1975) [S2H-EJQ]. Vires verified.

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