Sub: ICAI invites suggestions/comments from members on Draft Valuers Bill, 2020 by 12.00 Noon on 10th May, 2020.

The Ministry of Corporate Affairs had constituted an eight member Committee of Experts to examine the need for an institutional framework and development of valuation professions, under the Chairpersonship of Shri M. S. Sahoo, Chairperson, Insolvency and Bankruptcy Board of India (IBBI) on 30th August 2019 wherein ICAI has also been a member.

Based on comprehensive study and analysis of all relevant issues and taking the inputs of key stakeholders, the Committee has submitted its report to the Government of India on 31st March 2020 alongwith Draft Valuers Bill, 2020, recommending to establish a National Institute of Valuers.

Considering the above, ICAI invites suggestions/comments from members on various questions framed in this regard by 12.00 Noon on 10th May, 2020.

The Draft Valuers Bill, 2020 is available in the Volume I of the Report of the Committee of Experts.

The Complete Report (Volume I, II & III) can be accessed at the link A copy of the Report of Committee of Experts is available at the link http://www.mca.gov.in/Ministry/pdf/Notice_14042020.pdf

Members are requested to provide their comments at the following link: https://forms.gle/ARGBUP3BrhnY5g4o9

Sincerely Yours,