Governing Board of ICSI RVO

The Governing Board of ICSI RVO comprises of five directors consisting of two Nominee Directors and three Independent Directors (IDs). The Independent Directors are from diversified fields of finance, law, education, corporate sector, management and valuation.

The composition of the Board is in line with Annexure III of the Companies (Registered Valuers and Valuation) Rules, 2017. The rules mandate that in the Governing Board more than half of the directors shall be persons resident in India at the time of their appointment, and at all times during their tenure as directors. Not more than one fourth of the directors shall be registered valuers. More than half of the directors shall be independent directors at the time of their appointment, and at all times during their tenure as directors. The composition of the Board is as follows:

Directors of ICSI RVO

Nominee Directors

1. Mr. Makarand M Lele

2. Mr. Dinesh Chandra Arora

Independent Directors

3. Mr. Anil Khaitan

4. Mr. Ajay Kumar Gupta

5. Mr. Kuldeep Gupta

Committees of ICSI RVO

ICSI RVO has constituted the following Committees as per Part II of Model Bye-Laws of A Registered Valuers Organisation under the Companies (Registered Valuers and Valuation) Rules, 2017:

1. Advisory Committee

2. Membership Committee

3. Monitoring Committee

4. Grievance Redressal Committee

5. Disciplinary Committee

Duties of Registered Valuers Organisations

(1) The Organisation shall maintain high ethical and professional standards in the regulation of its members.

(2) The Organisation shall -

(a) ensure compliance with the Companies Act, 2013 and rules, regulations and guidelines issued thereunder governing the conduct of registered valuers organisation and registered valuers;

(b) employ fair, reasonable, just, and non-discriminatory practices for the enrolment and regulation of its members;

(c) be accountable to the authority in relation to all bye-laws and directions issued to its members;

(d) develop the profession of registered valuers;

(e) promote continuous professional development of its members;

(f) continuously improve upon its internal regulations and guidelines to ensure that high standards of professional and ethical conduct are maintained by its members; and

(g) provide information about its activities to the authority.