IBBI Amends Voluntary Liquidation Regulations 2026 | Prescribes Valuation Report Format

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IBBI Voluntary Liquidation Regulations 2026

Notification F. No. IBBI/2025-26/GN/REG137, Dated: 25.02.2026

The Insolvency and Bankruptcy Board of India (IBBI) has notified the IBBI (Voluntary Liquidation Process) (Amendment) Regulations, 2026, introducing changes relating to valuation reporting and documentation requirements.

1. Insertion of Explanation in Regulation 3

The amendment inserts an explanation in Regulation 3 mandating that a registered valuer must:

  • Prepare the valuation report in the format specified by the Board, and
  • Maintain supporting documentation in accordance with the format notified by the IBBI through a circular.

This ensures uniformity and standardisation in the preparation and maintenance of valuation reports in voluntary liquidation cases.

2. Format Prescribed by the Board

The valuation report and related documentation must be prepared and maintained as per formats notified by the IBBI from time to time through circulars. This provides flexibility for the Board to update reporting requirements in line with evolving regulatory and professional standards.

3. Effective Date

The amended regulations will come into force from the date of their publication in the Official Gazette.

4. Objective of the Amendment

The amendment seeks to:

  • Standardise valuation reporting and documentation in voluntary liquidation
  • Enhance transparency and reliability of valuation processes
  • Strengthen regulatory oversight and compliance
  • Ensure consistency across liquidation proceedings

Overall, the revised framework aims to improve the quality and uniformity of valuation practices under the voluntary liquidation process.

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied