September 03, 2020
Summary of the Guidelines issued by IBBI on 01/09/2020
IBBI issues guidelines on use of Caveats, Limitations and Disclaimers by the Registered Valuers (RVs) in Valuation Reports with effect from 01/10/2020
Pursuant to Rule 8 of The Companies (Registered Valuers and Valuation) Rules, 2017, RVs shall state “caveats, limitations and disclaimers” to the extent they explain or elucidate the limitations faced by valuer, which shall not be for the purpose of limiting his/her responsibility for the valuation report. This guideline provides guidance to the RVs in the use of Caveats, Limitations, and Disclaimers in the interest of credibility of the valuation reports and also provides an illustrative list of the Caveats, Limitations, and Disclaimers which shall not be used in a valuation report.
These guidelines are integrated in our free-to-use website ca2013.com for your ready reference.