ICSI RVO LAUNCHES EDUCATIONAL COURSE ON ‘VALUATION OF SECURITIES OR
- ICSI RVO LAUNCHES EDUCATIONAL COURSE ON ‘VALUATION OF SECURITIES OR
ICSI RVO LAUNCHES EDUCATIONAL COURSE ON ‘VALUATION OF SECURITIES OR FINANCIAL ASSETS’
The field of valuation, as an area of activity is still untapped, demanding the presence of experts possessing the right knowledge and capabilities which brings upon the realisation that the Company Secretaries as professionals in India can provide the much needed support both as members of ICSI as well as by rolling out a significantly strong army of Valuation members.
ICSI Registered Valuers Organisation (ICSI RVO), a Section 8 Company is incorporated under the Companies Act, 2013 and recognised by IBBI to enable the members of ICSI, other professionals and eligible persons to register themselves as Registered Valuers. The aim of ICSI RVO is to enrol, educate, train and promote the profession of Registered Valuers as per the Companies (Registered Valuers and Valuation) Rules, 2017.
Taking first step towards fulfilling its objective, the ICSI RVO today launched its Educational Course on ‘Valuation of Securities or Financial Assets’ at the august hands of Shri Ashish Kumar Chauhan, MD & CEO, BSE at BSE International Convention Hall, Mumbai.
Unveiling the ICSI RVO course, Shri Ashish Kumar Chauhan said, “Valuation is complex and controversial. It varies from person to person. Valuation becomes disputed as there is question as to what to value. It is important to value an asset on sound principles as PSU banks have faced NPAs due to lax framework. The Valuation framework will be helpful in IBC framework. Heartiest congratulations to ICSI as now ICSI will be able to generate valuation professionals”
The event also witnessed the launch of ICSI RVO website (www.icsirvo.in) as well as a special edition of Chartered Secretary (monthly Journal of ICSI) 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 Registered Valuers Organisation, and has secured registration with IBBI. 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’. CS Ahalada Rao V., Vice President, ICSI, Mr Ajay Kumar Gupta, Chairman, ICSI RVO, CS Ram Mohan Bhave, Member, ICSI Task Force on Valuation, CS Chander Swahney, Partner & Head – Valuation and Biz Modelling, Corporate Professionals and Mr K Srinivas Rao, MD, Saffron Capital Advisors Pvt Ltd. participated in the discussion.
The Institute of Company Secretaries of India (ICSI) is a premier professional body set up under an Act of Parliament, i.e., Company Secretaries Act, 1980, for the regulation and development of the profession of Company Secretaries in India. It functions under the jurisdiction of Ministry of Corporate Affairs, Government of India. The Institute, being a pro-active body, focuses on best and top-quality education to students of Company Secretaries Course and best quality set standards for CS members. The institute has over 55,000 members and about 3 lakh students on its roll.
Grand Finale of the First Hardware edition of Smart India Hackathon 2018 to be held from June 18-22, 2018– Shri Prakash Javadekar
Winning team in each theme to get cash prize of Rupees one lakh
11th June, 2018
The Ministry of HRD along with AICTE, Persistent Systems, i4C and IIT Kharagpur is all set to host the Grand Finale of Smart India Hackathon 2018 – Hardware edition from Jun 18-22, 2018. This was disclosed by the Union Minister for Human Resource Development, Shri Prakash Javadekar at a media briefing in New Delhi today. He said that the Smart India Hackathon 2018 is in line with the ‘Make in India’ initiative of the Prime Minister Shri Narendra Modi and is proving to be an important vehicle for scouting new ideas and help them convert them into products and businesses.
Giving more details, the Minister said that the SIH2018 – Hardware edition is the first of its kind innovative initiative by Ministry of HRD to provide national platform to young technical minds of India to showcase their disruptive innovations and creative products which can bring out revolutionary changes in crucial sectors like agriculture, health, clean water, waste management, automotive, smart communication, and education. The Hardware edition is the sub-edition of SIH2018.
He further informed that for Hardware Hackathon, 4362 team ideas were received with participation from 50000+ students across 752+ technical institutions. After two internal rounds of evaluations with support from industry experts, 106 teams have been shortlisted to compete under the 10 themes in the SIH2018 Hardware edition Grand Finale.
Shri Prakash Javadekar explained that the Grand Finale of the Hardware Hackathon will be a 5 days event and will take place simultaneously at 10 prestigious institutions (Nodal centers) across India - IIT Kanpur (Drones theme), IIT Kharagpur (Agriculture theme), IIT Guwahati (Rural Technology theme), CEERI Pilani (Smart Communication theme), CSIO Chandigarh (Healthcare theme), IISc Bengaluru (Smart Vehicles theme), IIT Roorkee (Clean water theme), NIT Trichy (Waste Management theme), COEP Pune (Security theme), and Forge Coimbatore (Import Substitution theme).
The judging during Grand Finale will be done by industry experts and angel investors. The top 3 winning teams under each theme will stand to win cash prizes – Rs 1,00,000/- to Winning team, Rs 75,000/- to First Runner up team and Rs 50,000/- to Second Runner up team. They may also get support from investors who are willing to invest in the products and make them market ready. Ministry of HRD is working closely with Dept. of Science and Technology to explore the possibility of handholding the winning teams for creating startups with the support from various Technology Business incubators (TBIs) across India. Attempts are also being made to explore new avenues of additional funding post Grand Finale for some of the most promising innovations.
As per Secretary, Department of Higher Education, MHRD, Shri R. Subrahmanyam, the Smart India Hackathon 2018 – Hardware edition is nationwide hardware product development competition happening in India. Through this, we hope to give the technical students from our nation a chance to convert their innovative ideas into products with help of industry mentors, exhibit them to investors and get a chance to be one of the upcoming Start up initiatives.
The Grand Finale for Software edition has already been successfully completed on Mar 30 & 31, 2018 at 28 nodal centers and now winning teams have started working on further enhancing their projects. SIH2018 has help India establish one of the biggest open innovation model.