Certificate Course on valuation

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Querist : Anonymous

Querist : Anonymous (Querist)

16 April 2011 If the member is certified in Valuation course by ICAI...

In which areas he will be considered as an Official valuer?

Thanks

CA Ravi Sisodia

CA Ravi Sisodia (Expert)

16 April 2011 Apart from the comprehensive theoretical aspects, this course, first of its kind in India, will sharpen the expertise and excellence of our members through multiple case studies across the industry and service sector like pharmaceuticals, retail, manufacturing, banking, insurance, valuation, mining, infrastructure, private equity valuation, and cross-border transactions.

The Government of India has introduced a new Companies Bill 2009. The new Bill proposes to casts a lot of responsibility on the professional for conduct of affairs of the companies and also to open up new avenues for the professionals especially Chartered Accountants. A new chapter has been introduced as CHAPTER XVII on REGISTERED VALUERS. It provides that wherever any valuation is required to be made in respect of any property, stocks, shares, debentures, securities or net worth of a company or its assets, it shall be valued by a person registered as a valuer under this Chapter. The Institute has the vision that once the bill becomes a Law, the Ministry of Corporate Affairs would be requested to make eligible all the qualified participants of the course to act as registered valuers for the purpose of the said chapter of the Bill. On acceptance by the Ministry the qualified members would be called as Registered Valuers.

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