“The Institute of Chartered Accountants of India is striving continuously to update and upgrade its members about the new laws and related opportunities” said CA Mahesh Rathi, Past Chairman of Nagpur Branch of ICAI while speaking as a Chief Guest on the Full Day Seminar on Valuation organized by Valuation Standards Board and hosted by Nagpur Branch of ICAI.
CA Mahesh Rathi pointed out that Institute is creating Platform of new opportunities for the benefit of members. Valuation as a profession is required to be disciplined for bringing in uniformity in the practices and procedures followed by Valuation Professionals.
A Chartered Accountant is expected to be as master of all; and that’s the reason CPE i.e. Continuous Professional Education is the mantra for all practicing Chartered Accountants, marked CA Mahesh Rathi. Valuation for assets / shares / intangibles is required to be certified by a Registered Valuer.
A field of valuation which was so exclusive earlier for engineers; the expectation gates have now opened for Chartered Accountants who are considered to be the financial architects of our Indian Economy. CA Mahesh Rathi also complimented Nagpur Branch of ICAI for their dedicated team and complemented them for their efforts in organising programme for the benefit of members.
This valuation course provides a lot of opportunities especially in cases of mergers, acquisitions, valuation, take over etc. The clients have to consult professionals of big cities for valuation as very few consultants are available in our region. He asked the members present to take optimum benefit from deliberations of expert speakers of the seminar.
“Keep your mind open to opportunities. They are closer than you think”, said CA Suren Duragkar, Chairman, Nagpur Branch of ICAI. Opportunities are usually disguised as Hard Work, so most people don’t recognize them. CA Profession is changing and the expectations are rising and so are the related opportunities. Chairman while welcoming the learned Speakers spoke about the tremendous opportunity in the field of Valuation. He remarked that CA’s from Nagpur were required to go to Metro cities for attending this course. He thanked RCM CA Drushti Desai and RCM CA Abhijit Kelkar for getting Educational course on Valuation from ICAI RVO allotted to Nagpur Branch for the first time. The changes in law and new notifications and circulars in the various laws are very frequent and to update members regarding the changes Nagpur Branch is continuously organizing seminars for the benefit of members.
“In the middle of every difficulty lies an opportunity” remarked CA Abhijit Kelkar, Regional Council Member. He complimented Nagpur Brach for organizing this need of the hour program. Those who qualify after attending the course and passing the exam would become Registered Valuers. He appealed all to take maximum benefit of program.
CA Apeksha Kukreja from Mumbai very effectively and lucidly explained about Valuation approaches along with relevant standards and practical workshop on modeling. It was an excellent session wherein the basics about valuation were made clear. A thorough presentation on Valuation Standards Complete overview was given by Regional Council Member CA Drushti Desai.
She stressed the need to understand the interpretation of law before application. Valuation Standards are the basic guide which everyone has to follow, CA Drushti Desai Pointed out. She also spoke about the various opportunities CA’s have after attending and clearing exam by ICAI RVO.
CA Sujal Shah from Mumbai spoke about Registered Valuation Rules and standards on documentation and scope. CA Shah clarified that one has to be complacent with these provisions to effectively perform their duties as a Registered Valuer. All the speakers have answered querries of the participants.
The programme was coordinated by CA Saket Bagdia, Secretary of Nagpur Branch. The technical sessions were coordinated by CA. Akshay Gulhane & CA. Kirit Kalyani.
Prominently present on the occasion were CA Jitendra Saglani, Treasurer, CA Julfesh Shah, CA O S Bagdia and more than 100 participants.