Valuation standards revised: registered valuers must follow Board notified standards and prescribed report format, maintaining required documentation. The amendment directs that valuation in liquidation must follow valuation standards notified by the Board through circular, replacing prior reference to Companies valuation rules. It also requires a registered valuer to prepare the valuation report and maintain supporting documentation in the format the Board prescribes by circular, establishing compliance obligations for valuation methodology and recordkeeping in liquidation.