Article 16. The Chamber of Appraisers The Law on Valuation Activities in the Republic of Kazakhstan

Home / RLA / Article 16. The Chamber of Appraisers The Law on Valuation Activities in the Republic of Kazakhstan

1. The Chamber of Appraisers is established in the form of a non-profit organization and is a self-regulatory organization based on compulsory membership, uniting at least three hundred appraisers on membership terms.

2. The activities of the Chamber of Appraisers are regulated by this Law, other laws, the charter, the standard and rules of the Chamber of Appraisers.

3. The status of the Chamber of appraisers is acquired from the date of its entry by the authorized body in the field of valuation activities in the register of self-regulating organizations of appraisers.

4. The reorganization and liquidation of the Chamber of Appraisers shall be carried out in accordance with this Law and other laws of the Republic of Kazakhstan.

5. The Chamber of Appraisers is being liquidated:

1) by decision of the general meeting of the members of the Chamber of Appraisers;

2) by a court decision.

6. The Chamber of Appraisers is subject to liquidation on the grounds of:

1) non-compliance with the requirements of this Law, the Law of the Republic of Kazakhstan "On Self-regulation";

2) violations more than twice within twelve consecutive calendar months of the charter of the Chamber of Appraisers and the rules and standards adopted by it;

3) bringing to administrative responsibility more than twice within twelve consecutive calendar months for violating the legislation of the Republic of Kazakhstan on valuation activities;

4) provided for by Article 49 of the Civil Code of the Republic of Kazakhstan (General part).

In case of liquidation of the chamber of appraisers, appraisers are required to join other chambers of appraisers within three months without paying an entrance fee.

7. The authorized body in the field of valuation activity, based on a decision of the general meeting of members of the Chamber of Appraisers or a court decision on the liquidation of the Chamber of appraisers that has entered into force, excludes it from the register of self-regulating organizations of appraisers.

This Law regulates public relations related to the implementation of valuation activities in the Republic of Kazakhstan, and also defines the legal basis for regulating valuation activities.

President

Republic of Kazakhstan

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