Date: 13/09/2017

Dear Member,

We the President and Secretary  have attended joint meeting organised by International Valuation Standards Council (IVSC) at The Sofitel Hotel, BKC Mumbai alongwith all India representatives of other professional bodies including ICA, ICWA, CFA, CAASB, RICS, IOV and PVAI.

The meeting was called by Mr. Nick Talbot, CEO, IVSC for preparation of Indian Valuation Standards (IVS). 

Also the company act and valuation rules was discussed in details and It was strongly conveyed to  ICA that neither IOV nor  PVAI was called to form the draft. The CA President accepted the fact for our association being not invited while the preparation of draft and chapters related to Tangible assets.

He suggested to reform the committee and called a meeting in first week of October 2017 wherein IOV and PVAI will get thier representatives in the committe and presents the our views. It was indeed a great outcome of the meeting.

Let's hope for the best.

Reported by:

Sunil Bhor

Hon. Secretary PVAI