Non-Graduate CAs (Chartered Accountants) with three years of experience can now become registered valuers, with the Ministry of Corporate Affairs amending the rules in this regard. A registered valuer is required to carry out the valuation of assets, the net worth of a firm or its liabilities as required under the Companies Act, 2013.
Previously a CA having three years of post-qualification experience and qualified as a graduate was allowed to become a registered valuer. “Now, a chartered accountant is not required to be a graduate to become a registered valuer,” the Institute of Chartered Accountants of India (ICAI) said in a release.
ICAI said in a release, “It was informed to the Ministry of Corporate Affairs that the chartered accountancy course that has been approved by the government, allows a 10+2 student to enrol for chartered accountancy course. It does not mandate a student to be a graduate for enrolling in the course. Hence, a CA may or may not be a graduate”.
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Valuation is a highly specialised field which can be performed by the professionals having a blended knowledge of finance and accounting. As at various levels of Chartered Accountancy course, the syllabus includes various topics and methodology of Valuation which creates a strong knowledge base for a CA student. Thus, Chartered Accountants are best suited for valuation.
ICAI has announced that Chartered Accountant even Non graduated can now become registered Valuers. A registered valuer is required to carry out the valuation of assets, the net worth of a firm or its liabilities.
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