Taking a step forward, the Institute of Company Secretaries of India’s (ICSI) Registered Valuers Organisation (RVO) recently launched a new course on ‘Valuation of Securities or Financial Assets’ at the august hands of Ashish Kumar Chauhan, MD & CEO, BSE at BSE International Convention Hall, Mumbai.
Unveiling the ICSI RVO course, Chauhan said: “Valuation is complex and controversial. It is important to value an asset on sound principles as Public Sector Undertakings (PSU) banks have faced Non-performing asset (NPA) due to lax framework. The valuation framework will be helpful in Insolvency and Bankruptcy Code (IBC) framework.”
The event also witnessed the launch of ICSI RVO website — www.icsirvo.in as well as a special edition of monthly Journal of ICSI — Chartered Secretary focussed on valuation.
ICSI president CS Makarand lele said: “While strengthening the existing brigade of professionals holding a variety of designations, the institute has been constantly on a hunt for newer opportunities and creation of endless possibilities for the professionals, including but not limited to the members of this Institute. In one such endeavour, the institute had incorporated the ICSI RVO, and has secured registration with Insolvency and Bankruptcy Board of India. I am extremely pleased and heartened to launch the Educational Course on Valuation of Securities or Financial Assets.”
The launch was followed by a panel discussion on the topic— Unleashing Governance through valuation – The role of Company Secretaries.