N E W S L E T T E R

I N S T I T U T I O N O F V A L U E R S
ORISSA BRANCH
A / 3 0 1 , S A T Y A M T O W E R , B B S R - 7 5 1 0 1 0

Secretary - Er. S.C. Sabat, FIV Editor : Er. P.K. Nanda, FIV Chairman : Er. N.K. Dash FIV

2ND ISSUEE 07.09.2009

Our Chairman…… From :-
86th Executive Body
Meeting, IOV, Orissa C H I A R M A N’s D E S K
Branch
“VISUALS”
#…………
It is my pleasure & privilege to inform you
30TH AUG, 09 all the Hon’ble IOV Members of Orissa state that,
now Valuers’ Bill is under active consideration
by Parliament of India. Now IOV is gaining its momentum
nationally as well as internationally in future days to come.
I appeal to all that to be united at Orissa for contributing more
qualitative works for development of our country & state.

I think ……

“if there is a will there is a way”

For which the members of IOV to contribute more to society

CHAIRMAN

MEMBERS OF EXECUTIVE BODY

1. Er. Nutan Ku. Dash, FIV (Chairman) 9. Er. G.C. Das FIV (Member)
(99373 48047) (94371 28941)

2. Er. Subash Ch. Chau Pattanayak, FIV 10. Er. Sudarsan Swain, FIV (Member)
(93389 31084) (Vice- Chairman) (94372 07213)

3. Er. Subash Ch. Sabat, FIV 11. Er. M.K. Jain, FIV (Member)
(94370 02433) (Honorary Secy.) (94370 37788)

4. Er. Gobinda Chandra Patra, FIV 12. Er. R.K. Agrawal, FIV (Member)
(98610 94418) (Jt. Honarary Secy.) (94370 59248)

5. Er. I.B. Rath, FIV (Treasurer) 13. Er. R.S. Hasan, FIV (Member)
(94370 05477) (93384 23236)

6. Er. K.K. Mohapatra, FIV (Member) 14. Er. B.K.Baisak, FIV (Member)
(94370 12734) (94371 79595)

7. Er. Sarbeswar Dash (Member) 15. Er. A.K. Samantaray (Member)

(98610 15887) (98610 22180)

8. Er. Prafulla Ku. Nanda (Member) 16. Er. K.Sibasankar Patra (Member)
(94370 25315) (98612 63063)

Institution of Valuers, Orissa Branch, Orissa News Letter 1

2ND ISSUEE 07.09.2009

News in Brief :-

ORISSA
• 86th Executive Body Meeting of Orissa Branch had ended successfully on
30.08.2009, headed with its sole agenda for the improvement of IOV in
the society, at Bhubaneswar, Orissa.

• Special Lecture was organized on 30.08.09

• Fellow members of IOV Orissa Branch have attended the National

Conference, by RICS / CII on 27th Aug, 2009 at Hotel Oberi, New
Delhi & One day workshop on 28th Aug, 2009 at Hotel Fortune Select,
also.

• CEP & PVI program was also attended by Fellow members of IOV Orissa
Branch.

• Master of Valuation (Real Estate) Course, joined by some of our fellow

members, at Sivaji University, Kolhapur, Maharashtra.

NATIONAL
Corporate Affairs Minister, Salman Khursheed on 12th June, 2009

(Thursday) said the Government would soon enact the pending Valuation

Professional Bill, which aims at making the business of asset valuation ahead

of corporate merges, acquisitions and restructuring more organized and

transparent.

At present, many shareholders remain uninformed about how the worth of a

company has been assessed based on its assets, earning potential and

present market value. The draft bill covers valuation of all tangible and

intangible assets, including IPRs and goodwill.

“THE LAW REGULATING PROFESSIONAL VALUERS IS ON OUR

SCREEN”, the minister said while talking about the Government’s immediate

priorities at an international conference on competition law organized by

the Competition Commission of India. The bill, on which some ground work

has already been done by the previous government, needs to be further

debated before being taken to Parliament.

The Government also envisages creation of a council of Valuation

professionals that would issue licenses for professional to practice

2 Institution of Valuers', Orissa Branch, Orissa News Letter

2ND ISSUEE 07.09.2009

Future Activities :-

S
41ST VALUERS’ DAY 2009
41ST VALUERS
™ A ll the m em be rs o f I OV ar e h e re by req ues te d to sh ar e DAY 2009 
the ir valuable ex pe rienc e in the sh ap e of an articl e for V  
p u b l ica t i on in the “ N a t i on a l Sem i nar ” on
A CH - I
L International Financial
2 n d O c t , 2 00 9 by m a i l i n g the s o f tc op i es t o the m a il Reporting Standards
U (IFRS)
box : age .c on sul tant@rediffmail.c om E • Asset Valuation VS
Business Valuation
with in 26 t h Se pt. 2 0 09 by 5: 00 P. M. p os i tively for R
• IFRS & Bankers/FI
c on s i d e r a t i o n t o p u b l ish i n “SO VENI ER”. S • IFRS in Indian
Scenario

R
O CH - II
Er. S.C. Chau Pattanayak International Valuation
9338770281 L Standards (IVS)
E • International
(VICE CHAIRMAN)

)
Standard of
valuation report
writing.
I
SUB- THEME S FO R CALL OF P APE RS • Term biology of
N International
Valuation
Standards
PROGRAMME AT A GLANCE G
L CH - III
O Valuers’ Role in
VISION Industrial Standards
EXECUTIVE BODY B • Plant & Machinery
Celebration of MEETINGS   A • Building & Assets
41ST VALUERS’ DAY 2009 DATE : 18.10.2009
L • Mining & Geology
& • Agriculture Assets
NATIONAL SEMINAR  15.11.2009 • Jewelry
S
13.12.2009 • Automobiles
DATE : 02.10.2009 C
TIME : 10.00 A.M E
TIME : 11.00 A.M N CH – IV
VENUE : Business Valuation
VENUE : Courtesy : AGE Consultant,
A • Valuation of

IEI (INDIA) A/301, Satyam Tower, R Intangible Assets

• Valuation of
(Orissa State Centre) BBSR, ORISSA. I goodwill
Sachivalaya Marg, BBSR, Telefax : 0674-2570393 O
ORISSA Mob : 94382 98334

THEME VISION
“VALUERS’ ROLE IN GLOBAL SPECIAL LECTURE &
SCENARIO” DISCUSSION

Institution of Valuers’, Orissa Branch, Orissa News Letter 3

2ND ISSUEE 07.09.2009

NATIONAL SEMINAR
\
All members are cordially invited to attend “41st VALUERS’ DAY - 2009” at
Institution of Engineers (INDIA) Orissa state centre, on 2nd Oct, 2009 at 11:00 AM
followed by one day “NATIONAL SEMINAR”.

Registration Fees : Rs. 500/- Each - MEMBERS

Participation Fees : Rs. 250/- Each - NON-MEMBER / SPOUSE

The confirmation may be sent with registration fees by DD/Banker Cheque, in

favor of Institution of Valuers, Orissa Branch payable at BBSR on or before 25th
Sept. 2009, positively to,
Er. I.B.Rath, FIV, (Treasurer, IOV, Orissa Branch) at Bibhuti, B-2/1, Kharavel Nagar,
BBSR – 01 (Ph : 937005477)

Our Needs :-

LAND & BUILDING

Building for IOV, Bhubaneswar to be purchased or constructed after allotment

of land. It was suggested to apply for any Govt. Quarter occupation. But some
members proposed to purchase a piece of land over which, building can be
constructed for permanent establishment of IOV, Bhubaneswar. One sub-
committee was constructed to follow up regularly.

Announcement

……….. Hon’ble members are requested to send their own suggestions for
improvement of the NEWS Letter. The suggestion may be send to :

VICE CHAIRMAN A/301, Satyam Tower, Bomikhal, BBSR-751010

………… Hon’ble members are requested further to add at least 10 of their

known professional friends to support/ strengthening IOV, Orissa
Branch, is my appeal, which may be given due attention.

CHAIRMAN
Editorial Board:-

Newly Formed board :

& Er. P.K. Nanda (Editor) & Er. S.C.Chaupattanayak

& Er. N.K. Dash Courtesy:

& Er I.B. Rath
// Spiritual Ethics //
“Mitrasyhahan Chakhusaa Sarbani Vuutani Sameekhye”!! //Sukla Jajurbedah (18)//
FREE
CIRCULATION “Mitra Drushti Re Samagra Bastu Baa Praninku Mun Sammekhya” //Darsan//
TO MEMBERS
OF IOV, Printed & Published by
ORISSA Er. S.C. CHAU PATTANAYAK (Vice-Chairman, IOV, Orissa)
For INSTITUION OF VALUERS’ (INDIA), ORISSA BRANCH
BRANCH A/301, Satyam Tower, Bomikhal, BBSR

4 Institution of Valuers’, Orissa Branch, Orissa News Letter