Biz valuation bill soon: Khursheed

NEW DELHI: Corporate affairs minister Salman Khursheed on Thursday said the government would soon enact the pending Valuation Professionals Bill, which aims at making the business of asset valuation ahead of corporate mergers, acquisitions and restructuring more organised and transparent.

At present, many shareholders remain uninformed about how the worth of a company has been assessed based on its assets, earning potential and present market value. The draft bill covers valuation of all tangible and intangible assets, including IPRs and goodwill.

���The law regulating professional valuers is on our screen,��� the minister said while talking about the government���s immediate priorities at an international conference on competition law organised by the Competition Commission of India. The bill, on which some groundwork has already been done by the previous government, needs to be further debated before being taken to Parliament.

The government also envisages creation of a council of valuation professionals that would issue licences for professionals to practice.