TMI BlogValuation under the Insolvency and Bankruptcy Code, 2016X X X X Extracts X X X X X X X X Extracts X X X X ..... fessional Entities All Registered Insolvency Professional Agencies All Registered Valuers, and All Recognised Registered Valuer Organisations. (By mail to registered email addresses and on website of the IBBI) Dear Madam /Sir, Subject: Valuation under the Insolvency and Bankruptcy Code, 2016 The Companies (Registered Valuers and Valuation) Rules, 2017 notified under the C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ovides for a transitional arrangement as under: 11. Transitional Arrangement.─ Any person who may be rendering valuation services under the Act, on the date of commencement of these rules, may continue to render valuation services without a certificate of registration under these rules upto 31st January, 2019: Provided that if a company has appointed any valuer before such date and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ee asset classes, namely, Land and Building, Plant and Machinery, and Securities or Financial Assets. It also recognises RVOs and registers valuers. There are eight RVOs and 162 registered valuers as on date, the details of which are available at www.ibbi.gov.in. 4. A key objective of the Insolvency and Bankruptcy Code, 2016 (Code) is maximisation of the value of assets of certain persons and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... days of his appointment, but not later than forty-seventh day from the insolvency commencement date, appoint two registered valuers to determine the fair value and the liquidation value of the corporate debtor in accordance with regulation 35: Provided .. . 6. In view of the above, every valuation required under the Code or any of the regulations made th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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