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INSOLVENCY AND BANKRUPTCY NEWS

Valuers Foundation being the latest RVO recognised, on March 31, 2022. RVs are permitted to form an entity (Partnership / Company) for
th
The IBBI meets MDs / CEOs of RVOs on the 7 of every month to discuss rendering valuation services. There are 63 such entities registered as RVs
the issues arising from the valuation profession, to resolve queries of the as on March 31, 2022, as presented in table 16B. 27 of them are registered
RVOs and to guide them in discharge of their responsibilities. for three asset classes, 11 are registered for two asset classes and 25 are
registered for one asset class. The registration of RVs till March 31, 2022 is
The details of individual RVs, RVO-wise, as on March 31, 2022, are given in
given in Table 17.
Table 16A. A total of 4566 individuals have registrations, three of them are
Table 16B: Registered Valuers (Entities) as on March 31, 2022 (Number)
registered for all three asset classes, 65 are registered for two asset classes
Registered Valuer Organisation Number Asset Class
and the balance 4498 are registered for one asset class. Till date, the of Land & Plant & Securities
Entities Building Machinery or Financial
registration of two RVs has been cancelled. A geographical distribution of Assets
RVs as on March 31, 2022 is presented in Figure 24. RVO Estate Managers and Appraisers Foundation 4 3 2 3
IOV Registered Valuers Foundation 22 17 15 19
ICSI Registered Valuers Organisation 2 0 0 2
Table 16A: Registered Valuers as on March 31, 2022 (Number)
IIV India Registered Valuers Foundation 2 2 2 1
Sl. Registered Valuer Organisation Asset Class Total
ICMAI Registered Valuers Organisation 11 5 5 11
No. Land & Plant & Securities
Building Machinery or Financial ICAI Registered Valuers Organisation 11 NA NA 11
Assets PVAI Valuation Professional Organisation 2 2 2 2
1 RVO Estate Managers and Appraisers Foundation 72 14 14 100 CVSRTA Registered Valuers Association 1 1 1 NA
2 IOV Registered Valuers Foundation 1383 219 158 1760 CEV Integral Appraisers Foundation 1 1 1 NA
3 ICSI Registered Valuers Organisation 0 0 217 217 Divya Jyoti Foundation 2 1 1 2
4 IIV India registered Valuers Foundation 160 46 51 257 All India Institute of Valuers Foundation 1 1 1 1
International Business Valuers Association 4 4 4 3
5 ICMAI Registered Valuers Organisation 31 25 277 333
Total 63 37 34 55
6 ICAI Registered Valuers Organisation NA NA 908 908
Note: NA signies that the RVO is not recognised for this asset class.
7 PVAI Valuation Professional Organisation 307 53 123 483
Table 17: Registration of RVs till March 31, 2022 (Number)
8 CVSRTA Registered Valuers Association 204 60 NA 264
Year Land & Plant & Securities or Total
9 Association of Certied Valuators and Analysts NA NA 2 2 Building Machinery Financial Assets
10 CEV Integral Appraisers Foundation 107 34 3 144 2017 - 2018 0 0 0 0
2018 - 2019 781 121 284 1186
11 Divya Jyoti Foundation 55 18 42 115
2019 - 2020 848 204 792 1844
12 Nandadeep Valuers Foundation 1 0 1 2 2020 - 2021 409 82 446 937
13 All India Institute of Valuers Foundation 7 3 16 26 2021 - 2022 302 67 303 672
14 International Business Valuers Association 3 0 9 12 Total 2340 474 1825 4639
Note: The registration of 2 RVs has since been cancelled.
15 All India Valuers Association 1 0 0 1
16 Assessors and Registered Valuers Foundation 7 2 4 13
As on March 31, 2022, 1219 RVs (constituting 26% of the total RVs
Total 2338 474 1825 4637
registered) are from metros, while 3418 RVs (constituting 74% of the
Note: NA signies that the RVO is not recognised for this asset class
total RVs registered) are from non-metro locations. The region wise
detail of RVs is given in Table 18.
Figure 24 : Geographical Distribution of RVs as
on March 31, 2022 Table 18: Region wise RVs as on March 31, 2022 (Number)
City / Region Land & Plant & Securities or Total
Building Machinery Financial Assets
New Delhi 79 34 218 331
Rest of Northern Region 364 74 313 751
JAMMU & Mumbai 112 51 281 444
KASHMIR
Rest of Western Region 652 126 298 1076
6 HIMACHAL
PRADESH
ARUNACHAL Chennai 114 42 138 294
PUNJAB 10 PRADESH
119 UTTARAKHAND 1 Rest of Southern Region 952 123 439 1514
CHANDIGARH ASSAM
29
7 16 Kolkata 27 17 105 149
HARYANA DELHI BIHAR
332 Rest of Eastern Region 39 7 32 78
162 9
UTTAR PRADESH
RAJASTHAN 254 SIKKIM Total 2338 474 1825 4637
2
141
ASSAM
1
GUJARAT The average age of RVs as on March 31, 2022 stood at 47 years across asset
446 TRIPURA
JHARKHAND 2 NAGALAND classes. It was 49 years for Land & Building, 54 years for Plant & Machinery
MADHYA 12
PRADESH and 43 years for Securities or Financial Assets (Table 19). Of the 4637 RVs
WEST
112 BENGAL
177 as on March 31, 2022, 443 RVs (constituting about ten per cent of the total
CHHATTISGARH
48 RVs) are females.
ODISHA
24
MAHARASHTRA Table 19: Age prole of RVs as on March 31, 2022 (Number)
884 TELANGANA
251 Age Group (in years) Land & Plant & Securities or Total
GOA Building Machinery Financial Assets
ANDHRA
35 PRADESH
≤ 30 179 8 131 318
195
KARNATAKA
> 30 ≤ 40 379 67 728 1174
329
ANDAMAN > 40 ≤ 50 543 103 532 1178
PUDUCHERRY NICOBAR
ISLANDS
33 > 50 ≤ 60 934 148 290 1372
KERALA 3
157 > 60 ≤ 70 263 100 139 502
TAMILNADU
841
> 70 ≤ 80 38 46 5 89
> 80 2 2 0 4
Total 2338 474 1825 4637
22