Registered Valuers, and Registered Valuers' Organizations

When you sell a used scooter, the price depends on who looks at it. The dealer says one figure, the buyer another, and a neutral mechanic a third. Now imagine the asset is a steel plant and the figure decides whether banks take a large loss or whether a bidder gets the plant for a song. In insolvency, value is the whole argument. Who is allowed to put a number on the assets, and how does the law make sure that person is qualified and honest?

In two minutes

A registered valuer is a person registered under Chapter XVII of the Companies Act 2013 (s.247) and, for insolvency work, registered with the IBBI as a service provider; valuers must belong to a recognised valuers’ organisation, and their independent, due-diligence valuations feed the Code’s processes such as resolution, liquidation and voluntary liquidation.

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