Regulatory updates

If you are commissioning a valuation during the transition, ask the valuer what the current status of their registration is and whether it will be current on the date of the report. If you are a valuer, the extra six months are for completing registration in each class you intend to practise in - registration is per class, not general.

Registration is narrower than most people assume. A valuer registered for immovable property is not thereby registered for jewellery or for plant and machinery. When engaging a valuer, ask which class they hold for the specific asset rather than whether they are 'a registered valuer'.

Stage certification moves onto the disbursement critical path. A tranche cannot be evidenced as compliant without the certificate that supports it, so LIE inspection and reporting cycles need scheduling against the drawdown calendar rather than being requested when a drawdown is already due.

This threshold is frequently quoted without its scope, as though every project above Rs 100 crore needs a TEV study. It does not say that. Outside this specific DCCO-revision situation, whether a TEV study is required remains a matter of the individual lender's credit policy - and many lenders require one well below Rs 100 crore.