Valuation in The Regime of Companies Act, 2013

Abstract

With the introduction of section 247 in the Companies Act, 2013, the role and the practice of valuation have increased to a great extent and it has come under the regulatory framework. The registered valuer has been defined in the act. With the formation of RVO, Standards have been framed to bring uniformity and consistency in the valuation process. The IBBI under the Ministry of Corporate Affairs has introduced a bill essential for quality valuation practices in India. The valuation job is now a highly skilled profession in our country which requires specialized education & training, competency and skill desired in the valuation process but it also requires expert knowledge on various statutory rules, regulations, standard practices and procedures in valuation.