Article 19. Suspension and termination of membership in the Chamber of Appraisers of the Law on Valuation Activities in the Republic of Kazakhstan

Home / RLA / Article 19. Suspension and termination of membership in the Chamber of Appraisers of the Law on Valuation Activities in the Republic of Kazakhstan

1. Membership in the Chamber of Appraisers is suspended in case of suspension of the certificate of qualification "appraiser".

An appraiser whose membership in the Chamber of Appraisers has been suspended may not carry out appraisal activities during the suspension period.

2. Membership in the Chamber of Appraisers is terminated on the following grounds:

1) at the request of a member of the Chamber of Appraisers;

2) in case of violation by the appraiser of the charter of the Chamber of Appraisers, the code of business and professional ethics of the appraiser.

At the same time, the appraiser is prohibited from joining another chamber of appraisers within one year from the date of the decision to expel the appraiser from the Chamber of appraisers.;

3) in connection with the termination of the certificate of qualification "appraiser".

An appraiser whose membership in the Chamber of Appraisers has been terminated cannot carry out appraisal activities.

3. The Chamber of Appraisers, no later than the day following the day of suspension or termination of the appraiser's membership in the Chamber of Appraisers, is obliged to notify:

1) an appraiser whose membership has been suspended or terminated;

2) the customer and the legal entity with whom the appraiser has concluded an employment contract, in cases where information about the concluded contract was previously provided to the Chamber of appraisers;

3) the authorized body in the field of evaluation activities.

In case of termination of membership in the Chamber of appraisers due to the deprivation of the certificate of qualification "appraiser" on the grounds provided for in the first part of paragraph 4 of Article 25 of this Law, the Chamber of appraisers is obliged to notify the chambers of appraisers entered in the register of self-regulatory organizations of appraisers no later than three working days.

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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