India CEO Sachin Sandhir to speak at the National Seminar on Valuation
The National Seminar on Valuation is to be held on 08th June 2019 at Vigyan Bhawan, New Delhi.
Valocity is delighted that India CEO, Mr Sachin Sandhir will be speaking on the Technology in Valuation Panel at 12pm.
We’re very excited for Sachin Sandhir to be speaking at this event and look forward to the conversations and discussions on the day.
Insolvency and Bankruptcy Board of India (IBBI) in association with
Institute of Estate Managers and Appraisers
IOV registered Valuers Foundation
ICSI Registered Valuers Organisation The Indian Institution of Valuers
ICMAI Registered Valuers Organisation
ICAI Registered Valuers Organisation
PVAI Valuation Professional Organisation
CVSRTA Registered Valuers Association Association of Certified Valuators and Analysts
CEV Integral Appraisers Foundation
is organising a National Seminar on Valuation On Saturday, the 8th June, 2019
About the event
The valuation and the valuation profession have a long history in India. Different statutes and authorities require valuation of assets for different purposes and prescribe the manner of such valuation.
There have been several attempts in the past to have an institutional arrangement that develops and regulates the profession of valuers who can estimate the value of any asset with full responsibility.
It took a concrete shape with enactment of the Companies Act, 2013 (Act). Section 247 of the Act provides that where valuation is required under the provisions of the Act, it shall be valued by a person having such qualification and experience and registered as a valuer.
The Companies (Registered Valuers and Valuation) Rules, 2017 (Rules) notified under the Act provides a comprehensive framework for development and regulation of the profession of valuers. With effect from 1st February, 2019, every valuation required under the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016 needs to be conducted by registered valuers. The IBBI, which has been designated as the authority under the Rules, recognises registered valuers organisations (RVOs), registers valuers and monitors their conduct and performance in accordance with the Rules. It publishes syllabus, format and frequency of the valuation examination for all three asset classes, namely, (a) Land and Building, (b) Plant and Machinery, and (c) Securities or Financial Assets, in consultation with the stakeholders.
It conducts computer-based online valuation examinations every day from several locations across the country for all three asset classes. There are now about 1350 registered valuers registered through 11 RVOs.
It is now time to take stock of the progress made so far, discuss challenges and think about the road ahead. It is also important to understand the nuances of valuation in each of the three asset classes from the perspective of regulation and development.
Towards this end, the IBBI, in association with all the eleven RVOs, is organising a full day national seminar on valuation on Saturday, the 8 th June, 2019 in New Delhi. The seminar will track developments in the Valuation landscape since the notification of the Rules and also discuss frontiers in valuation, international practices in valuation, technology in valuation, experience of stakeholders with Registered Valuers, effective regulation of Registered Valuers and deliberate upon a vision for the growth of the profession over the short to medium term, including policy initiatives as may be required to further institutionalise the profession of registered valuers.