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<h1>Registered valuer requirement ensures insolvency valuations are undertaken only by valuers registered under the Companies valuation rules.</h1> The Circular directs that valuations required under the Insolvency and Bankruptcy Code and its regulations must be performed by valuers registered with the IBBI under the Companies (Registered Valuers and Valuation) Rules, 2017; insolvency professionals shall not appoint any person other than a registered valuer to conduct such valuations. It notes IBBI's role in examinations, recognition of Registered Valuer Organisations, registration of valuers, and references a transitional arrangement for pre existing valuers to complete ongoing assignments.