Insolvency, Bankruptcy and Valuation Standards Board

Committees

Insolvency, Bankruptcy and Valuation Standards Board

Committee content below is fetched from the commitee_layout table and grouped by linked committee posts.

Insolvency, Bankruptcy and Valuation Standards Board

Chairman - Insolvency, Bankruptcy and Valuation Standards Board

CA. Durgesh Kumar Kabra

+91 9869015418

durgeshkabra[at]icai[dot]in

Vice-Chairman - Insolvency, Bankruptcy and Valuation Standards Board

CA. Pankaj Shah

+91 9691893040

pankajshah[at]icai[dot]in

Terms of Reference

The Insolvency & Valuation Standards Board of ICAI has been newly constituted for the year 2024-25. The Board has been set up this year to act as an instrument for the empowerment of the profession and aims to facilitate a fair corporate regime with the best global practices in the sphere of Insolvency and Valuation. Also, the Board has been formed to focus on advancement of activities for formulation, implementation and recognition of ICAI Valuation Standards 2018.
The Terms of Reference will be divided into 2 Parts and will focus on the following Spheres:

A. Insolvency Laws
- To examine Insolvency and Bankruptcy Laws, Rules, Regulations, Guidelines, Notifications, Schemes, Schedules issued thereunder, vis-à-vis best global practices and make appropriate representation/suggestions, to the concerned Ministries of Government/Insolvency and Bankruptcy Board of India and to participate as well as to facilitate the Law-making process.
B. Valuation Regime
- To conceive of and suggest areas in which ICAI Valuation Standards need to be developed.
- To formulate ICAI Valuation Standards with a view to assist the Institute in evolving and establishing Valuation Standards in India.

Members

CA. Durgesh Kumar Kabra, Chairman
CA. Pankaj Shah, Vice Chairman

Insolvency, Bankruptcy and Valuation Standards Board