<h1>IBBI Enforces Section 247: Only Registered Valuers Can Conduct Valuations from February 1, 2019, Under New Regulations.</h1> The Central Government enforced Section 247 of the Companies Act, 2013, mandating that valuations be conducted by registered valuers from recognized organizations. The Insolvency and Bankruptcy Board of India (IBBI) was designated as the authority to oversee this. From February 1, 2019, only individuals or entities registered with the IBBI can perform valuations under the Companies Act, 2013, and the Insolvency and Bankruptcy Code, 2016. Eligibility for registration includes qualifications, experience, and passing the IBBI's valuation exam. The IBBI has published the updated syllabus and examination details for various asset classes, effective April 1, 2019.