REGISTERED VALUER

IBBI proposes amendments to enhance efficiency and reduce costs in the Insolvency Resolution Process for Corporates, seeking stakeholder inputs by July 10.

The central government has issued a fresh Request for Proposal (RFP) for the appointment of an asset valuer for the strategic sale of IDBI Bank. The last date for submitting bids is January 5, following the cancellation of the previous bid process d...

ET had reported on September 7 that the government's request for proposal (RFP) to appoint an asset valuer for IDBI Bank had made it mandatory for valuers to be registered with the Insolvency and Bankruptcy Board of India (IBBI). It had also set a t...

The Indian government has initiated the process of selling a majority stake in IDBI Bank by inviting bids for an asset valuer. The chosen valuer will evaluate the bank's assets and provide support during the sale. Interested parties have until Octob...

The Cabinet Committee of Economic Affairs (CCEA) on January 27 gave 'in-principle' approval for 100 per cent disinvestment of government stake in Rashtriya Ispat Nigam Limited (RINL), also called Visakhapatnam Steel Plant or Vizag Steel, alongwith R...

"The Department of Investment and Public Asset Management (DIPAM) requires the services of a reputed asset valuer entity — registered with the Insolvency and Bankruptcy Board of India (IBBI), to carry out the company's asset valuation...and assist t...

The Bill is in circulation to get suggestions and opinions from the stakeholders and general public after which it would be placed before both Houses of Parliament, IOV president P K Thiagarajan told reporters here.

The valuation profession deals with valuation of various assets such as the plant and machinery or the land and buildings of a company among others. Currently the Companies (Registered Valuers and Valuation) Rules, 2017, regulates valuation procedur...

The Companies Act, 2013 provides a comprehensive framework for development and regulation of the profession of valuers.

The IBC has helped financial and operational creditors recover over Rs 68,000 crore through successful resolutions of stressed assets in 88 cases according to IBBI data.

A person seeking to become a valuer requires to clear valuation examination conducted by the IBBI.

Taxmen want to know how valuation was computed for businesses that often weren’t making any money.

A registered valuer is required to carry out valuation of assets, net worth of a firm or its liabilities as required under the Companies Act, 2013.

Valuation of assets is a key factor for an "informed decision making" under the Insolvency and Bankruptcy Code (IBC).

The insolvency professionals are very poor now. Unlike chartered accountants, company secretaries, cost accounts, who have been there for decades together, the IPs are new.

The proposed changes come months after PNB stunned markets after uncovering a $2 billion loan fraud.

Sebi is looking to enhance the regulatory oversight to check such frauds in future.

Aspirants will be required to clear the valuation examination for the three asset classes- securities or financial assets; land and building; and plant and machinery.

Those entities, which are already carrying out valuation activities, have time till March 31, 2018 to get registered with the specified authority.