A Registered Valuer Organisation (RVO) is required to be a Section 8 company under the Companies Act, 2013 because its primary role is regulation, education, standard-setting and professional development, not profit-making. The idea is: RVO should function like a professional body, maintain ethics and discipline, conduct training/examinations, monitor valuers objectively. If profit motive is dominant, there may be risk of: compromising valuation standards, biased memberships, commercialisation of professional regulation. Therefore, lawmakers preferred a not-for-profit structure to ensure independence, credibility and public trust.

Answer given by Shubhamm Sir at 12-May-2026 10:11 PM