IOVRVF, in Association with IBBI, Celebrates 10th Valuation Day in Gurugram

Marks a Decade of the Companies (Registered Valuers and Valuation) Rules, 2017; Highlights Regulatory Reforms, Professional Excellence and the Future of Valuation in India

 

Nov 01: The IOV Registered Valuers Foundation (IOVRVF), in association with the Insolvency and Bankruptcy Board of India (IBBI), celebrated the 10th Valuation Day on 27 October 2026 at The Bristol Hotel, Gurugram. Hosted by the Institution of Valuers (IOV), Delhi NCR Working Committee, the event commemorated a decade of the Companies (Registered Valuers and Valuation) Rules, 2017, which established the formal regulatory framework for Registered Valuers in India.

Organised around the theme “Stepping into a Decade of Valuation Regulation: The Companies (Registered Valuers and Valuation) Rules, 2017,” the event brought together regulatory representatives, banking professionals, Registered Valuers, industry experts and members of the valuation fraternity to reflect on the profession's journey, discuss recent regulatory developments and deliberate on its future direction.

The programme commenced with Vande Mataram, followed by the traditional lamp-lighting ceremony and a tribute to Late Shri P. C. Goel, Founder of IOV.

Dr. Vinay K. Goel, MD & CEO, IOVRVF, and Hon. General Secretary, IOV, highlighted the transformation of the valuation profession over the past decade and emphasised the importance of education, research, professional guidance and continuous capacity-building. He outlined the contributions of IOV and IOVRVF through educational programmes, professional development initiatives, publications and efforts to strengthen valuation practices. He also highlighted the need for greater clarity and consistency in regulatory requirements applicable to valuers, including under the Income-tax Act, 2025 and bank empanelment processes.

Dr. Goel shared updates on the initiatives undertaken by the Valuation Standards Advisory Board (VSAB) towards developing guidance notes and India-specific valuation standards. He also acknowledged IBBI's continued association and support in strengthening the valuation ecosystem and invited the participants to the 57th Indian Valuers Congress (IVC 2026), scheduled from 3 to 5 December 2026 in Jaipur, Rajasthan.

Dr. R. K. Patel, Registered Valuer (L&B and P&M) and Vice President, IOV, presented an overview of significant regulatory developments during 2026. His presentation covered amendments to the Insolvency Regulations, including the Coordinating Valuer framework, physical verification requirements and standardised valuation reports under the IBC. He also discussed the adoption of International Valuation Standards for specified IBC assignments, the valuer framework under Sections 513 and 514 of the Income-tax Act, 2025, the IBC (Amendment) Act, 2026, and the introduction of asset-class-specific standardised valuation report formats by IBBI.

Sharing the banking industry's perspective, Shri R. B. Trivedi, General Manager, Commercial Clients Group, State Bank of India, Delhi, highlighted the importance of reliable and transparent valuation reports in supporting credit decisions, financial assessments and resolution processes. He emphasised the expectations of banks from Registered Valuers, particularly in terms of professional competence, objectivity, technical knowledge, timely reporting and regulatory compliance.

Shri B. Sankaranarayanan, General Manager, IBBI, shared the regulator's vision and expectations for the valuation fraternity. He emphasised the growing responsibilities of Registered Valuers and the importance of standardisation, consistency, transparency and professional accountability. He also appreciated the proactive role of IOVRVF in undertaking initiatives for professional development, capacity-building and knowledge-sharing, and in facilitating constructive engagement on matters concerning Registered Valuers.

Shri P. K. Thiagarajan, President, IOV, also addressed the gathering, highlighting the importance of professional commitment, institutional strength and collective efforts in advancing the valuation ecosystem.

Three Key Publications Released

A major highlight of the event was the release of three, reinforcing IOV RVF's commitment to professional knowledge, research and guidance:

1. The Valuer’s Practical Handbook: Bank, Property and Land Valuation in India, authored by Vr Shubham Bansal. The initiative also provides valuers an opportunity to publish their technical knowledge, professional experience and insights without any publication cost.

2. Version 3 of the Guide on Regulatory Framework & Professional Conduct, consolidating key provisions of the Companies Act and related guidelines.

3. Guidance Note on IBBI Prescribed Valuation Report Formats under IBC, developed by VSAB based on IBBI Circular No. IBBI/RV/103/2026 dated 15 June 2026, to support valuers in understanding and applying the prescribed report formats.

Recognition of Professional and Academic Excellence

The event also recognised outstanding achievements in professional examinations and specialised training. Recently registered valuers securing the highest marks in the IBBI Valuation Examination were felicitated along with the top performers in ESG Specialist Exam conducted under the Short-Term Certificate Course on Sustainability-Driven Valuation & Reporting.

Technical Deliberations on IVS and IBBI Formats

The technical session, titled “Understanding the Gaps between IVS and the IBBI Formats,” brought together Mr. S. Pichaiya, Chairperson, VSAB; Mr. Sachin Garg, Registered Valuer (L&B and P&M); and Mr. Munish Agarwal, Registered Valuer (SFA). Moderated by Ms. Anuradha Gupta, the session examined the areas of convergence and differences between International Valuation Standards and IBBI-prescribed valuation report formats.

The discussion focused on practical challenges in applying the two frameworks and the ways in which valuers across asset classes can effectively address their requirements while undertaking valuation assignments. An interactive discussion enabled participants to raise questions and exchange professional perspectives with the speakers.

The programme concluded with a vote of thanks, followed by high tea and networking.

Strengthening the Valuation Ecosystem for the Next Decade

The 10th Valuation Day marked an important milestone for the Indian valuation profession, providing an opportunity to reflect on the achievements and developments of the past decade while identifying priorities for the future.

As the profession enters its next decade, IOV and IOVRVF reaffirm their commitment to advancing valuation standards, strengthening professional competence, promoting research and knowledge-sharing, and building a robust, credible and future-ready valuation ecosystem in India.