"With effect from April 1, 2018 for conducting valuations required under the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016, a person is to be registered with the IBBI as a registered valuer," the Ministry of Corporate Affairs said in a statement.
A government notification in October had delegated powers and functions to the IBBI under Companies Act and designated it as the authority under the Companies (Registered Valuers and Valuation) Rules, 2017.
Besides, a person is required to complete a recognised educational course conducted by a Registered Valuer Organisation (RVO) and pass valuation examination conducted by the IBBI.
"A person, who is rendering valuation services under the Companies Act, 2013, may continue to do so without a certificate of registration up to March 31, 2018," it added.
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The Authority has also specified details of educational course for the Asset Class of Securities or Financial Assets.
"A person wishing to be a valuer needs to pass this valuation examination," the statement said.
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