A Bill on valuation of real estate, agriculture, industries and machinery and plants, works of art and life interest, marine properties, textiles, electronic and telecommunication engineering and products is under the consideration of Parliament.
Initiated by the Ministry of Company Affairs, the draft bill to recognise, regulate and frame rules and regulations is under examination by different agencies and very soon will be tabled in Parliament, according to S S K Bhagat, Vice-President, Institution of Valuers-IIV (India).
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