Govt working on law to regulate asset valuers: Corp Affairs Secretary

Injeti Srinivas says corp affairs ministry is looking for a separate law like the one for chartered accountants of company secretaries

The Union government is considering formulating a law to regulate asset valuers for improving the work practice and discipline of professionals in this field.  

Injeti Srinivas, secretary, the ministry of corporate affairs, said, "You have the registered valuer. You don't have a separate law. We are looking at the possibility of separate law like a law for chartered accountants, or company secretaries, to regulate this category because they are most critical".

Speaking at a conference on the Insolvency and Bankruptcy Code (IBC) by Confederation of Indian Industry (CII), Srinivas said, "Valuation is at the heart of the entire process. If valuations are