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IIV RVF intend to establish, promote & maintain high ethical and professional standards of practice and professional conduct of all its registered valuers, and shall prevent fraudulent behavior and malfeasance in their conduct and safeguard the rights, interests and independence of its Registered Valuers in all matters affecting the profession.

A valuer shall ensure that he/ it maintains written contemporaneous records for any decision taken, the reasons for taking the decision, and the information and evidence in support of such decision. This shall be maintained so as to sufficiently enable a reasonable person to take a view on the appropriateness of his/its decisions and actions
    A valuer shall appear, co-operate and be available for inspections and investigations carried out by the authority, any person authorised by the authority, the registered valuers organisation with which he/it is registered or any other statutory regulatory body.
    A valuer shall provide all information and records as may be required by the authority, the Tribunal, Appellate Tribunal, the registered valuers organisation with which he/it is registered, or any other statutory regulatory body.

The preamble of IBC code 2016 commences with the main objective of
insolvency resolution of corporate persons, individuals, partnership persons
,in a time bound manner for Maximisation of Value of assets of such persons,
to promote entrepreneurship and availability of credit, balancing the
interest of all stakeholders.

The author advocates in the ensuing paragraphs that the Valuer has to
acquaint himself with IBC code 2016 to understand the subtleties in the
various stages of the process of Insolvency resolution.
Understanding the whole gamut of terminology in CIRP will facilitate the
valuer with a holistic view instead of piecemeal approach. 

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