Study Material for Valuation Examination – Land and Building Prepared by CVSRTA
The Valuation Profession in India took a concrete shape with enactment of the Companies Act, 2013. Section 247 of the Act provides that where valuation is required to be done under the provisions of the Act, it shall be valued by a person who, having the necessary qualifications and experience, and being a valuer member of a registered valuer organisation (RVO), is registered as a valuer.
The Central Government notified the commencement of section 247 of the Companies Act, 2013 with effect from 18th October, 2017. It also notified the Companies (Registered Valuers and Valuation) Rules, 2017 (Rules), which provide for a complete framework for development and regulation of the profession of valuers and the manner of valuation, including valuation standards and Code of Conduct for registered valuers. The Central Government delegated its powers and functions under section 247 of the Act to the Insolvency and Bankruptcy Board of India (IBBI) and specified the IBBI as the Authority under the said Rules.
The Centre for Valuation Studies, Research and Training Association (CVSRTA) has developed a study material as per syllabus of the valuation examinations for two Asset Classes, namely, Land and Building and Plant and Machinery.
The said material for the examination in the discipline of Land and Building will be useful to a professional valuer and the same is available for download at IBBI website.