FAQ


Who is a registered valuer?
A registered valuer means a person registered with the Authority in accordance with the Companies (Registered Valuers and Valuation) Rules, 2017 (the Rules).

Which Act / Rules defines Valuer in India?
The Companies (Registered Valuers and Valuation) Rules, 2017, notified in exercise of powers conferred by section 247 read with sections 458, 459 and 469 of the Companies Act, 2013 (18 of 2013), define a Valuer and lay down rules governing a Valuer including Eligibility, Qualification and Registration of Valuer.

What is a Valuation Report ?
A Valuation report is an independent and unbiased appraisal to determine the supportable opinion of value of tangible assets as on a specific date. Appraisals can be performed for a variety of value premises from fair market value in place and in use, removal , salvage , scrap , orderly liquidation to forced liquidation value etc.

How are Machinery and Equipment Valuation Different from Other Appraisals?
The unique nature and portability of machinery and equipment create a need for many different valuation terms that don’t exist in other appraisal fields such as real estate , gems and jewels. Most of the tangible assets like machinery & equipments, we appraise are unique plant processing installations that have no comparable sales which vary due to intended use of the valuation.

What Kind of Valuation Do I Need?
Ace Consulting Engineers provide fair consultation of your equipment appraisal needs. By thoroughly reviewing your specific situation, we can accurately determine what type of equipment valuation you need and what you don’t need. You will save money by getting the exact assessment your situation needs.

How Do I Choose an Machinery or Equipment Valuer?
It is important to use choose a qualified & Govt. Approved Valuer who is registered as a Valuer Cat-VII for Plant & Machinery under Sec-34 AB of Wealth Tax Act or registered with IBBI.

What’s the Difference between Value & Price ?
The job of a Valuer is to arrive at an unbiased opinion of value. While value is often determined by looking at some form of price data and making adjustments, it is not accurate to assume that the selling price of an item will be the same as the value. A Valuation report will provide an opinion of value that in all likelihood will not match your purchase receipts.

What should be the fair charge of a Machinery Valuation Report ?
Professional Charges of a quality appraisal will primarily depend on the size of plant , readiness of the data with the applicant , purpose for which valuation is to be made and other miscellaneous factors. Ace Consulting Engineer offer the consulting services keeping in view the nature , volume and length of the assignment. However, our endeavour is to charge our clients the most reasonable and competitive prices to accomplish the job professionally.