You can verify any registered valuer on the IBBI website under “Service Providers → Registered Valuers”, searchable by name, registration number and asset class. Registration is granted per asset class, so a valuer registered for Land & Building cannot sign a Plant & Machinery report.

What are the three asset classes?

  1. Land and Building — land, factories, offices, hotels, residential property
  2. Plant and Machinery — process plants, equipment, vessels, aircraft, vehicles
  3. Securities or Financial Assets — shares, business/enterprise value, brands and other intangibles, financial instruments

Very few firms hold all three. Kakode & Associates does, which means one firm can value an entire company — its land, its plant and its equity — under a single engagement.

Plant & Machinery is a separate IBBI asset class — a Land & Building valuer cannot sign for it.
Plant & Machinery is a separate IBBI asset class — a Land & Building valuer cannot sign for it. Photo: division, CSIRO · CC BY 3.0 · Wikimedia Commons

Which valuations must be done by a registered valuer?

  • Fair value and liquidation value under the Insolvency and Bankruptcy Code (CIRP and liquidation)
  • Valuations under the Companies Act 2013 (section 247): share issues, mergers, buy-backs, related-party transactions
  • Many bank policies now require IBBI registration for loan-security valuation above a threshold
Who signs what — security value in a typical manufacturing loan
  • Land and building45%
  • Plant and machinery40%
  • Securities and financial assets15%

Illustrative split. Each asset class needs a valuer registered with IBBI for that class.

What is the difference from a “Government Approved Valuer”?

Government Approved Valuers are registered under section 34AB of the Wealth Tax Act and are recognised for tax and bank purposes; IBBI registration (2017 onwards) is the newer, examination-based regime required for insolvency and Companies Act work. A firm holding both, plus Chartered Engineer status, can serve every purpose a lender or tribunal may require. See Asset & Business Valuation.

Stock, plant and land are three different asset classes — and often three different registered valuers.
Stock, plant and land are three different asset classes — and often three different registered valuers. Photo: Prabhat1729 · CC BY-SA 4.0 · Wikimedia Commons