Who Is a Registered Valuer in India?

Published October 16, 2026 · 4 min read

A registered valuer is a person authorized to carry out valuations that the Companies Act, 2013 requires to be done by a registered valuer. Understanding who qualifies, and where the status matters and where it doesn't, helps companies avoid commissioning a report that the regulator or counterparty will not accept.

The concept of a registered valuer was introduced by Section 247 of the Companies Act, 2013, together with the Companies (Registered Valuers and Valuation) Rules, 2017, both effective from 18 October 2017. All valuations under the Act after 31 January 2019 must be conducted by a valuer registered with the Insolvency and Bankruptcy Board of India (IBBI). Before this framework, company law had no provision identifying who could value a company's assets or shares.

Who Can Be a Registered Valuer

An individual, a registered partnership entity, or a company can act as a registered valuer, provided it holds a valid certificate of registration from IBBI for the relevant asset class. The main eligibility conditions include:

Membership of a Registered Valuers Organization.
Residence in India, as defined under FEMA.
Prescribed educational qualifications and experience, and a pass in the valuation examination, as set out in the 2017 Rules. The exact thresholds should be checked against the current Rules.
Meeting fit and proper requirements, with no disqualifying conduct or conflict.

Asset Classes

Registration is granted by asset class, and the scope of work is limited accordingly. A registered valuer may sign valuation reports only within the asset class for which they are registered. The recognised classes are land and building, plant and machinery, and securities or financial assets. Business and share valuations, the type most relevant to fundraising and ESOPs, fall under securities or financial assets.

What the Report Must Contain

Under Rule 8(3), every report must include the valuer's identity, conflict disclosure, valuation date, sources of information, methodology, major factors, and caveats. The valuer must also comply with the valuation standards notified by IBBI. Until standards are notified by the Central Government, valuers follow the ICAI Valuation Standards, including the standards on valuation bases, approaches and methods, and business valuation.

Professional Bodies Regulating Valuers in India

The valuation profession in India operates through a layered structure, and each layer plays a distinct role.

Insolvency and Bankruptcy Board of India (IBBI). IBBI is the regulator for registered valuers. It grants registration, notifies the framework and standards, recognizes Registered Valuers Organizations, and can take disciplinary action against valuers who breach the Rules.
Registered Valuers Organizations (RVOs). RVOs are bodies recognised by IBBI that enroll valuers as members, conduct the educational courses and examinations, monitor professional conduct, and handle complaints as the first-level regulator. The RVOs established by the professional institutes are among the best known, including those of ICAI, ICMAI, and ICSI, alongside independent organizations such as the Institution of Valuers. IBBI publishes the current list of recognised RVOs, which should be checked before choosing a valuer.
ICAI, ICMAI, and ICSI. The Institute of Chartered Accountants of India, the Institute of Cost Accountants of India, and the Institute of Company Secretaries of India regulate their own members. The ICAI Valuation Standards remain the reference framework for valuation approaches and methods. These institutes also promote RVOs and train members for valuation work.
SEBI and RBI. For listed company transactions and for foreign exchange matters, the securities regulator and the central bank prescribe their own valuation conditions. SEBI registers the merchant bankers who value certain transactions, and RBI sets pricing guidelines under FEMA.

How to Verify a Registered Valuer

Before engaging a valuer, confirm four things: their IBBI registration number and asset class, their RVO membership, that the registration is current, and that no conflict of interest exists with the company or its promoters. A report from someone who lacks valid registration for the relevant asset class can be rejected, with delay and cost.

A registered valuer in India is an individual or entity registered with IBBI in a specified asset class, enrolled with a recognised RVO, and bound by prescribed standards and a prescribed report format. The status is mandatory under the Companies Act but not under every other law, so the right valuer depends on the transaction. Checking IBBI registration, asset class, and RVO membership before commissioning a report protects the company from avoidable compliance risk.