Insolvency & BankruptcyLegal Updates

IBBI grants recognition to two Registered Valuers Organisations

IBBI updates

Insolvency and Bankruptcy Board of India (IBBI) recognizes to 2 more Valuers Organistaions in pursuance to the Companies (Registered Valuers and Valuation) Rules, 2017.

Hence, find the name of the Valuers Organistaions below :-

  1. The Institution of Estate Managers and Appraisers in the Asset Class of Land and Building, and                  
  2. The IOV Registered Valuers Foundation in the Asset Classes of:

                      i) Land and Building

                    ii) Plant and Machinery, and

                    iii) Securities or Financial Assets

As per Companies (Registered Valuers and Valuation) Rules, 2017, the Registered Valuers Organisations are required to conduct educational courses in valuation, grant membership and certificate of practice to individuals, conduct training for its members and lay down and enforce the Code of Conduct for the registered valuers, who are its members.

 

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