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Valuation Standards Board

Chairman, Valuation Standards Board
CA. Pramod Jain

Phone: +91 9811073867
Mobile: +91 9811073867


Terms of Reference

  • 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.
  • To engage with ICAI Registered Valuers Organisation for adoption of Valuation Standards formulated by the Institute.
  • To examine the extant upto which, ICAI Valuation Standards are to be aligned with globally accepted valuation practices and policies.
  • To review periodically the ICAI Valuation Standards in view of changed conditions, and, if necessary, revise the same.
  • To engage with and contribute to International bodies to support them in framing/ development of Valuation Standards and principles.
  • To provide Interpretations, Guidance and Technical Materials on ICAI Valuation Standards from time to time.
  • To invite experts (individuals or institutions) in the field of Valuation for formulating ICAI Valuation Standards or preparing guidance.
  • To interact with Government and Regulators on issues related to implementation of ICAI Valuation Standards and to propagate use of Indian Valuation Standards in preparation of financial statements, which are both general purpose or specifically prepared for a regulatory requirement. For eg., Income Tax Act, RBI/ SEBI etc.
  • To deal with industry-specific issues and interact with national and international bodies on issues in implementation of ICAI Valuation Standards.
  • To take adequate steps to enhance knowledge of members and other stakeholders for proper implementation of ICAI Valuation Standards by conducting workshops, seminars, Courses in India and abroad, and train the trainers programmes.
  • To co-ordinate with Direct Taxes Committee, Indirect Taxes Committee and Corporate Laws & Corporate Governance Committee and other Committees of the Institute with regard to various issues in ICAI Valuation Standards.
  • To explore international and domestic opportunities for members in the area of Valuation Standards.
  • To interact with Government, to take leadership role in regulation of Valuation Professionals.
  • To deal with any other tasks related to implementation of ICAI Valuation Standards.



  • CA. Pramod Jain, Chairman
  • CA. Dheeraj Kumar Khandelwal , Vice-Chairman
  • CA. Atul Kumar Gupta, President (Ex-officio)
  • CA. Nihar Niranjan Jambusaria, Vice-President (Ex-officio)
  • CA. Tarun Jamnadas Ghia
  • CA. Nandkishore Chidamber Hegde
  • CA. Chandrashekhar Vasant Chitale
  • CA. Aniket Sunil Talati
  • CA. G Sekar
  • CA. M P Vijay Kumar
  • CA. Ranjeet Kumar Agarwal
  • CA. Sushil Kumar Goyal
  • CA. (Dr.) Debashis Mitra
  • CA. Anuj Goyal
  • CA. Prakash Sharma
  • CA. Hans Raj Chugh
  • CA. (Dr.) Sanjeev Kumar Singhal
  • Shri Chandra Wadhwa
  • Shri Manoj Pandey
  • Ms. Ritika Bhatia
  • CA. Arnab Chakravarti

Co-opted Members

  • CA. Huzeifa Unwala
  • CA. Rajat Aggarwal
  • CA. Deepak Kapahi
  • CA. Devinder Kumar Singla
  • CA. Bhavana Doshi

Special Invitees

  • CA. Adesh Jain
  • CA. Ashish Agarwal
  • CA. Akhil Mittal
  • CA. Rajesh Saluja
  • CA. Rajiv Singh
  • CA. Sushil Agarwal

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