Empanelment of Agencies for Valuation and Disposal of Assets Securities and Exchange Board of India (SEBI) is a statutory body established by an Act of Parliament to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith or incidental thereto.

SEBI has been initiating recovery proceedings against various defaulters for their failure to pay penalty imposed by the adjudicating officer or to comply with any direction of SEBI for refund of monies or to comply with a direction of disgorgement order issued by SEBI or to pay any fees due to SEBI. The recovery proceedings are initiated in terms of Section 28A of the SEBI Act, 1992, Section 23JB of Securities Contracts (Regulation) Act, 1956 and Section 19IB of the Depositories Act, 1996 read with Sections 220 to 227, 228A, 229, 232, the Second and Third Schedules to the Income-tax Act, 1961 and the Income-tax (Certificate Proceedings) Rules, 1962.
In exercise of the said powers, SEBI attaches the assets of the defaulters and prohibits them from disposing of, transferring, alienating or creating any encumbrance on such assets. The attachment orders passed by SEBI are available on the SEBI website under Recovery Proceedings. The attached assets are required to be sold for recovering dues in execution of the Recovery Certificate drawn against the defaulter. In furtherance of the same, SEBI has decided to empanel a maximum of five Agencies, for a maximum tenure of five years, in this regard.

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