Authority, in exercise of powers conferred vide notification of Central Government no. GSR 1316(E) dated 18.10.2017 under Section 458 of the Companies Act, 2013 and in pursuance of rule 15 and rule 17 of the Company (Registered Valuers and Valuation) Rules, 2017 hereby directs that RBSA Valuation Advisors LLP having registration number IBBI/RVE/05/2019/110 shall not seek or accept any assignment or render any services under the Code and its underlying Regulations for a period of 6 months from the date of coming into force of this Order for violating rules rule 7(g) read with clause 6 of the Model Code of conduct for Registered Valuers, 8(3)(l) and 7(i) of the Valuation Rules.
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An RV is required to undertake a minimum of 10 credit Hours of CPE in each financial year and a minimum of 48 credit hours of CPE in each rolling block of 3 years. Since, the block for three years is completed on 31 st March, 2023, accordingly after detailed deliberations it was decided that there will be a rolling block of 4 years and RV is required to earn a minimum of 64 credit hours in each block year.