Amended regulations cited above provide that a registered valuer shall prepare the valuation report and maintain documentation as per the format notified by the Board through circular. The IBBI has issued guidelines specifying the minimum contents of valuation reports and documentation requirements for valuations conducted under the Code.

The circular specifies Guidelines for Conducting Valuation Under the Insolvency and Bankruptcy Code, 2016, contained in Annexure I, which is divided into three parts. Part I prescribes general requirements on documentation, minimum content of valuation reports, key parameters for valuing receivables, and duties of registered valuers towards the designated Coordinating Valuer. Part II contains asset-specific valuation report formats for three asset classes: Land & Building, Plant & Machinery, and Securities or Financial Assets. Part III provides guidelines for the Coordinating Valuer for determination of fair value of the corporate debtor.

Every registered valuer appointed under the Code and regulations made thereunder is required to prepare valuation reports and maintain documentation in accordance with these guidelines. The circular is issued under Section 196 of the Code.