Corporate Professionals Valuation Services Pvt. Ltd. is India’s 6th IBBI Registered Valuer entity. We pose an experience of more than 100 IBC valuations & 200 valuations under the Companies Act. Besides this, our Fixed Assets Valuation Team has significant experience of undertaking more than 100 Valuations (Fair Value and Liquidation Value) under the recently enacted Insolvency & Bankruptcy Code (IBC).
We assist our clients in ascertaining the value of the company as per International Valuation Standards (IVS) issued by the International Valuation Standards Council (IVSC). We provide well-reasoned and defensive valuation reports to serve their commercial & statutory requirements. Corporate Professionals has the experience and commitment necessary to provide practical and timely regulatory valuation consultant services. We come in a league of one of the best registered valuer Consultant.
The Companies Act, 2013 (Act) had brought the concept of Registered Valuers to regulate the practice of Valuation in India and to standardize the valuation in line with International standards. However the valuer’s qualification, experience, manner and process was left to be decided by the Rules.
The Ministry of Corporate Affairs (MCA) has now issued the Companies (Registered Valuers and Valuation) Rules, 2017 (Rules) on 18th October, 2017. Simultaneously, section 247 of the Act has now come into force w.e.f. 18th October 2017.
The Registered Valuer under Companies Act, 2013 shall specifically do valuation of asset classes (Land and Building, Plant and Machinery and Securities and Financials Assets) as required under the Act.
Accordingly, as of now, the Registered Valuer provisions shall cover the following Acts/Regulations – Companies Act, 2013,
Insolvency Code, 2016 and SEBI (REIT and InvIT) Regulations, 2016.
The Registered Valuer shall be appointed by the audit committee or in its absence by the Board of Directors of that company.