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Govt considers setting up national institute for valuers

Govt considers setting up national institute for valuers

The Centre is mulling a law that will soon regulate valuation professionals in the country and towards this an institute for valuers will be set up on the lines of bodies such as chartered accounts of India.

Valuation professionals play crucial role determining value of an asset, which assumes even more importance now with the introduction of insolvency and bankruptcy code in India.

The Insolvency and Bankruptcy Board of India (IBBI) recognizes registered valuers organisations (RVOs), registers valuers and monitors their conduct and performance in accordance with the rules.

Currently, there are about 1,350 registered valuers registered through 11 RVOs.

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