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  Business   Companies  08 Jun 2019  Govt mulls national institute for valuers

Govt mulls national institute for valuers

PTI
Published : Jun 8, 2019, 12:16 pm IST
Updated : Jun 8, 2019, 12:16 pm IST

The Companies Act, 2013 provides a comprehensive framework for development and regulation of the profession of valuers.

Corporate Affairs Secretary Injeti Srinivas said now there is critical mass for having a national institute for valuers on the lines of the ICAI.
 Corporate Affairs Secretary Injeti Srinivas said now there is critical mass for having a national institute for valuers on the lines of the ICAI.

New Delhi: The government will look at setting up a national institute for valuers on the lines of chartered accountants' apex body ICAI, a senior official said Saturday.

The Companies Act, 2013 provides a comprehensive framework for development and regulation of the profession of valuers.

Corporate Affairs Secretary Injeti Srinivas said now there is critical mass for having a national institute for valuers on the lines of the ICAI. He also stressed on the importance of professional competence, conduct and ethics of valuers.

The Institute of Chartered Accountants of India (ICAI) was set up under an Act of Parliament. Srinivas was speaking at a national seminar on valuation here organised by the Insolvency and Bankruptcy Board of India (IBBI). He also said that standards for valuation are likely to be finalised in the near future.

Tags: valuers, valuation, institute of chartered accountants of india, icai
Location: India, Delhi, New Delhi