ICAI Publication on Valuation: Professionals’ Insight – Series 2 by Valuation Standards Board
MCA has notified Section 247 of the Companies Act, 2013 along with the Companies (Registered Valuers and Valuation) Rules, 2017. These Regulatory framework seek to regulate the valuation profession in India like any other professions.
This valuation profession thus was bested with statutory status for the valuations related to the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016.
The ICAI has also issued Valuation Standards on the basis of detailed study of global practices followed and are in line with/ comparable to the International Valuation Standards in terms of Valuation Premises, Valuation Bases, Valuation Approaches and Methodologies, Considerations for arriving at a value, Factors to be considered while arriving at a value, Format of Valuation Report and Contents of Valuation Report etc.
Valuation Standards Board of ICAI and ICAI Registered Valuers Organisation (ICAI RVO) has brought a Second Series of publication on ‘Valuation: Professionals’ Insight’ to help the professionals in understanding various aspects of business valuation from the perspective of other professionals.
The publication titled as ‘Valuation: Professionals’ Insight’ contains the views and opinion/ in the form of Articles from various valuation professionals.
The publication is a compilation of diverse valuation topics authored by leaders in the profession. Its purpose is to advance knowledge and understanding of the professional practices.