Welcome to IBC Laws  Valuers & Valuation Page

A professional practice is multi-dimensional practice and he must always look for the additions of services in his basket to offer. Sec. 247 of the Companies Act 2013 effective from 18th October, 2018, has granted an opportunity to take the task as registered valuer. There is immense opportunity for growth in this industry. We see professionals being exposed to a wider variety of opportunities – enhancing their professional and career growth chances. We believe that the Indian business valuation industry will grow significantly, especially domestically, given the acceptance of IFRS and fair value reporting in India, as well as in the global markets.

A valuer is a professional who carries out inspections in order to help determine the current market value of property, land, stocks, shares, debentures, securities or goodwill or any other assets or net worth of a company or its liabilities. The role of valuer can be undertaken by an estate agentor by an independent professional (often a qualified surveyor).

The Central Government had notified the commencement of section 247 (relating to valuers) of the Companies Act, 2013 and the Companies (Registered Valuers and Valuation) Rules, 2017 with effect from 18th October, 2017. Also, MCA vide notification S.O. 3401 (E) dated  23rd October, 2017 delegated the powers and functions vested in it under section 247 of the  Companies Act, 2013 to the Insolvency and Bankruptcy Board of India(IBBI). IBBI is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies (IPA), Insolvency Professionals (IP) and Information Utilities (IU) in India. It was established on 1st October 2016 and given statutory powers through the Insolvency and Bankruptcy Code, 2016.

To become Registered Valuer under the Companies Act, 2013, it is mandatory to become member of a Registered Valuer Organisation as per the Companies (Registered Valuers and Valuation) Rules.