Guide on Regulatory Framework & Professionals Conduct for Registered Valuers

The Handbook on Regulatory Framework and Professional Conduct for Registered Valuers is yet another remarkable effort by IOVRVF to provide a comprehensive guide for the valuation fraternity. This handbook consolidates key provisions of the Companies Act and related guidelines, uniting scattered regulations, standards, and best practices into one essential resource.

Key highlights of this publication include:

● Comprehensive Coverage: With structured section-breaks, the first section focuses on regulatory frameworks, ranging from Legal and regulatory frameworks governing Valuation practices, to IBБI guidelines and directions focusing on Valuation for real estate, plant & machinery, businesses, intangible assets, and financial instruments.

● Initiatives to Strengthen the System: The second section detailing the professional conduct to be practiced by Valuers highlights some major initiatives taken to strengthen the overall functioning and ease the process of conducting Valuation. Some of these initiatives are:

○ Peer Review Mechanism: Detailed guidance on the peer review process, ensuring accountability and continuous improvement among Registered Valuers.

○ Valuation Standards Advisory Board (VSAB): Insights into the functioning of this board, which sets benchmarks for valuation standards and promotes consistency in professional practices.

○ Valuers Data Interface (VDI): A cutting-edge platform developed by IOVRVF to streamline data management and ensure transparency in valuation practices.

● Membership and Compliance Guidance: Step-by-step procedures for obtaining Certificates of Membership and Practice, alongside compliance journeys for RVs, RVEs, and RVOs.

This handbook also emphasizes the ethical responsibilities of valuers, focusing on objectivity, independence, and integrity in valuation assignments. By fostering awareness and encouraging the adoption of professional conduct, IOVRVF aims to uphold the highest standards of excellence within the valuation profession.