The government-appointed 8 member committee of experts headed by IBBI (Insolvency and Bankruptcy Board of India) Chairperson M S Sahoohas submitted a report on “valuation professionals” and proposed an institutional framework for valuers by setting up National Institute of Valuers (NIV). In this regard the committee has submitted its report to the Government of India on March 31, 2020 along with Draft Valuers Bill, 2020, recommending to establish a National Institute of Valuers, which is now open for comments till May 14, 2020.
