Role of Professionals

How Chartered Accountants, Company Secretaries, and Valuers Support Your ESG and Compliance Journey

ESG reporting, insolvency proceedings, and valuation exercises each draw on distinct professional expertise — financial reporting, corporate law, and asset valuation — and getting the right professional involved at the right stage significantly affects the quality and credibility of the outcome.

We help companies and stakeholders understand which professionals are needed at each stage of ESG reporting, insolvency proceedings, and valuation exercises, and coordinate access to the right combination of chartered accountants, company secretaries, insolvency professionals, and registered valuers.

Professionals Commonly Involved and Their Roles

Chartered Accountants

Financial reporting, ESG data verification, tax compliance, and financial due diligence across transactions and compliance matters.

Company Secretaries

Corporate governance, secretarial compliance, board process advisory, and statutory filings under the Companies Act.

Insolvency Professionals

Acting as IRP, RP, or Liquidator under the IBC, managing resolution and liquidation processes independently.

Registered Valuers

Independent valuation of financial assets, land and building, and plant and machinery for regulatory and transaction purposes.

ESG Assurance Providers

Independent assurance over ESG data and disclosures, typically provided by accredited chartered accountant firms.

Legal Counsel

Structuring transaction documents, representing parties before NCLT, and advising on regulatory compliance across all workstreams.

Why the Right Professional Combination Matters

IBC proceedings require an IBBI-registered insolvency professional; other professionals cannot act as IRP, RP, or liquidator
Certain valuations under the Companies Act, IBC, and Income Tax Act must be conducted by a Registered Valuer specifically
ESG assurance requires an accredited assurance provider, distinct from the company's statutory auditor unless independence is maintained
Company secretarial and legal compliance requires professionals qualified specifically under the relevant statutes
Coordinated engagement between professionals avoids duplicated work and conflicting advice across a complex transaction
Early involvement of the right professional in each workstream reduces cost and delay from rework later in the process

Frequently Asked Questions

Who can act as an Interim Resolution Professional or Resolution Professional?

Only a person registered with the Insolvency and Bankruptcy Board of India (IBBI) as an insolvency professional can be appointed as an IRP, Resolution Professional, or Liquidator, and such professionals must be members of an IBBI-recognised Insolvency Professional Agency and hold a valid Authorisation for Assignment where required.

What is a Registered Valuer and when is one required?

A Registered Valuer is a person or entity registered with the IBBI under the Companies (Registered Valuers and Valuation) Rules, authorised to conduct valuations of specific asset classes — land and building, plant and machinery, or securities and financial assets — and is mandatorily required for valuations under the Companies Act, IBC, and various Income Tax provisions.

Can the same chartered accountant provide both statutory audit and ESG assurance services?

This depends on independence requirements under applicable professional standards and, in some cases, regulatory guidance; many companies choose a separate accredited provider for ESG assurance from their statutory auditor to avoid independence concerns, particularly as assurance requirements under BRSR Core become more rigorous.

Do company secretaries have a role in insolvency proceedings?

Yes, practising company secretaries can be registered as insolvency professionals with the IBBI (alongside chartered accountants and other eligible professionals) and can act as IRP, RP, or Liquidator, and even where not appointed in that role, they often support secretarial compliance and board processes during insolvency.

How do I choose the right professional for a specific engagement?

The right choice depends on the specific statutory requirement — for example, an IBC process legally requires an IBBI-registered insolvency professional, while an asset valuation for regulatory purposes requires a Registered Valuer with the relevant asset class registration — so it's important to confirm the specific qualification required before engagement rather than relying on general professional designation alone.

Engage the Right Expertise for Every Stage

We help you identify and coordinate the right combination of professionals for your ESG, insolvency, or valuation requirement.

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