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of <h1>Insolvency Board Mandates Smooth Membership Transfers Between Valuer Organisations, Sets Guidelines and Timelines for Compliance.</h1> The circular by the Insolvency and Bankruptcy Board of India addresses the transfer of membership between Registered Valuer Organisations (RVOs). It mandates RVOs to facilitate seamless membership transfers, avoiding restrictive practices. The circular outlines a detailed process for transferring membership both before and after registration as a valuer, specifying timelines and requirements for members, RVOs, and the Board. It emphasizes fair, reasonable, and non-discriminatory practices, setting a maximum transfer fee and requiring timely responses. The circular also states that all communications must be conducted via registered email addresses, and it extends deadlines falling on public holidays to the next working day.
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