Govt mulling national institute for valuers

MCA Secretary Srinivas said “We have enough critical mass to make a national institute of valuers on the lines of the ICAI.” at a national seminar on valuation, organised by the Insolvency and Bankruptcy Board of India (IBBI) here in Delhi.

Srinivas also urged the Registered Valuers Organisations (RVO), currently 11 in number, to develop a code of conduct for the valuers. India currently has about 1,750 registered valuers. Meanwhile, indications are that the Corporate Affairs Ministry will begin work on a Bill on valuation professionals and also pave the way for a national Institute on valuation.

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