Insolvency Bankruptcy Board grants recognition to two registered Valuers organization

New Delhi, Dec 28 (KNN) In a recent development, the Insolvency and Bankruptcy Board of India (IBBI) has recognized two valuers organization, a release from Corporate Affairs Ministry informed.

The Insolvency and Bankruptcy Board of India (IBBI) in pursuance of the companies (Registered valuers and valuation) rules has recognized two registered valuers, the release said.

The Institution of Estate Managers and Appraisers will handle one asset class of “land and building”. The other IOV Registered valuers Foundation will handle three asset classes of “land and building”, “plant and machinery” and “securities or financial assets”, the release added.

The registered valuers will be conducting educational programs in valuation and offer membership and certificate of practice to individuals.

Also the organization will be offering training sessions for its members and work towards implementation of the code of conduct. (With PIB Inputs) (KNN/DA)