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of <h1>IBBI Circular: Valuations Under Insolvency Code Must Be Done by Registered Valuers Only, Per Companies Rules 2017.</h1> The circular from the Insolvency and Bankruptcy Board of India (IBBI) emphasizes that all valuations required under the Insolvency and Bankruptcy Code, 2016, must be conducted by a registered valuer, as per the Companies (Registered Valuers and Valuation) Rules, 2017. Effective from February 1, 2019, appointing any person other than a registered valuer for such valuations is illegal and violates the specified regulations. Additionally, any payment to non-registered valuers for these services cannot be included in insolvency resolution or liquidation costs. This directive is issued under the authority granted by the Insolvency and Bankruptcy Code, 2016.
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