Insolvency and Bankruptcy Board of India 7 Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 Circular
Insolvency and Bankruptcy Board of India 7 Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 Circular
Insolvency and Bankruptcy Board of India 7 Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 Circular
CIRCULAR
To
All Registered Valuers
All Recognised Registered Valuer Organisations
All Registered Insolvency Professionals, and
All Registered Insolvency Professional Agencies.
(By mail to registered email addresses and on website of the IBBI)
Subject: 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.
Yours faithfully,
Sd/-
(Debajyoti Ray Chaudhuri)
Chief General Manager
Email: dr.chaudhuri@ibbi.gov.in
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ANNEXURE-I
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ANNEXURE-II
Provisions under the Insolvency and Bankruptcy Code, 2016 and the Regulations
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