State the types of assets classes as defined under the Companies (Registered Valuers and Valuation) Rules, 2017. Who shall appoint Valuers in this regard as per the extant IBBI Regulations?
CS Professional · Insolvency and Bankruptcy - Law and Practice · PYQS · December 2024
State the types of assets classes as defined under the Companies (Registered Valuers and Valuation) Rules, 2017. Who shall appoint Valuers in this regard as per the extant IBBI Regulations?
Answer & Explanation:
"Asset Classes" means, the definition of which is as provided under the Companies (Registered Valuers and Valuation) Rules, 2017, a distinct group of assets, such as: Landing and Buildings, Plant and Machinery and Securities and Financial Assets. Resolution Professional has to appoint the Valuers as per Regulation 27 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
Topics: Valuation
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