Insolvency and Bankruptcy Board of India Circular No. IBBI/RVO/026/2019 dated 16th September, 2019.—
Valuation required under the provisions of the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016.
Rule 10 of the Companies (Registered Valuers and Valuation) Rules, 2017 (Rules) read with section 247 of the Companies Act, 2013 (Act) require that a registered valuer shall conduct valuations required under the Act.
2. Circular No. IBBI/RV/019/2018 dated 17th October, 2018 of IBBI mandates that the valuations required under the Code or any of the regulations made thereunder shall be conducted by a registered valuer.
3. A list of the provisions of the Act and the Code under which valuations are required to be conducted by a registered valuer are at Annexures I and II respectively for ready reference of the stakeholders. The stakeholders are, however, advised to refer to the relevant provisions in the Act, the Code and the Rules and Regulations made there under, for the purpose of compliance.
Valuation required under the Companies Act, 2013
Provisions under the Insolvency and Bankruptcy Code, 2016 and the Regulations