Governing Board of ICSI RVO

The composition of the Governing Board is in line with Companies (Registered Valuers and Valuation) Rules, 2017. 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.


CMA Rakesh Singh,
Independent Director and Chairman

CMA Rakesh Singh is a fellow member of the Institute of Cost Accountants of India and partner in M/s Shome & Banerjee, the first firm of cost accountants established in India. He is Presiding officer of the Board of Discipline as Nominated by the Council of the Institute of Cost Accountants of India besides being Co-Chairman of ASSOCHAM (UP Affairs), Independent Director with MRIL, Ex-Independent Director ICMAI-RVO, Member of the Expert Advisory Board of the ICS1 and Advisor of the Emerging Businesses Chamber of Commerce. He is representing ASSOCHAM on regional advisory committee on labour and employment, Ministry of Labour & Employment.

He has been President of the Institute of Cost Accountants of India (2012-13) and Chairman of Governance and Audit Committee (GAC) of the Confederation of Asia and Pacific Accountants (CAPA) 2014-2017.

He is immediate past Chairman, Valuation Standards Board of the IOV-RVF and also was Chairman of the Cost Accounting Standards Board of the Institute for the period 2011-13. During his chairmanship, he played a premier role in completing and bringing out the "Generally Accepted Cost Accounting Principles" (GACAP), a first of its kind compilation by any CMA body in the world besides finalizing 6 Cost Accounting Standards and number of Guidance Notes. He has been nominee on Government Accounting Standards Board (GASAB), International Federation of Accountants (IFAC), South Asian Federation of Accountants, National Foundation for Corporate Governance (NFCG) and Member of the India Netherland Joint Working Group on Corporate Governance and CSR.

Others include:
· Fellow Member, Institution of Valuers.
· Member, Disciplinary Committee of IPA- ICMAI
· Member, Indian Council of Arbitration
· Member, Indirect Taxes Committee & Corporate Affairs committee of the PHD
· Member, Institute of Directors
· Member AIMA & DMA.


CS Nagendra D. Rao
(President, the ICSI and Nominee Director)

CS Nagendra D. Rao, a Fellow Member of the Institute of Company Secretaries of India (ICSI), is the Designated Partner and Founder of Nagendra D. Rao and Associates, LLP, a firm of Practising Company Secretaries based at Bengaluru. He holds a bachelor’s degree in Commerce and is also a Law graduate from University of Mumbai (erstwhile University of Bombay).

He possesses over 15 years of experience in Corporate Sector and specializes in Corporate and Securities Laws, Capital Markets Transactions, Business Planning, Mergers & Acquisitions, Financial Restructuring, Strategic Investment, Funds Planning & Arrangement etc. Prior to setting up his whole-time practice, he has also worked in multinational companies like Godrej Foods Limited, Indo Nissin Foods Limited, & Sobha Limited and was responsible for legal and secretarial functions.

Mr. Nagendra D. Rao is a member of the Council of the ICSI for the term 2019-2022, and has been elected as the Vice President for the year 2020. He has been associated with the ICSI for several years now. He was elected to the Southern India Regional Council for two terms viz., 2011-2014 & 2015-2018 and has served as Chairman for the year 2015. Prior to that he was elected to the Managing Committee of the Bengaluru Chapter of the ICSI for the period 2007-2010 and was elevated as Chairman during the year 2009.

As recognition for his outstanding services rendered in the field of education, Mr. Nagendra D.Rao was recently conferred the title “VIDYA VIKAS” by Dr. D.G. Shetty Educational Society (R), Dharwad, Karnataka. Mr. Nagendra D. Rao was a member of the Central Taxes, Corporate Laws & GST Committee of the Federation of Karnataka Chambers of Commerce & Industry for the year 2018-19. He was a member of the Corporate Affairs and Taxation Committee of the Bangalore Chamber of Industry & Commerce during the period 2000 – 2004. He is a widely acclaimed resource person for various seminars organised by prominent educational institutions and has also addressed various conclaves and summits organsised by ICSI for its members and students.


CS Devendra V. Deshpande,
(Vice President, the ICSI and Nominee Director)

CS Devendra V. Deshpande , a Fellow Member of the ICSI and a Post Graduate in Commerce from Pune University,CS Devendra V. Deshpande was elected to the Central Council of the ICSI for the term 2019 - 2022. He was the Chairman of ICSI Centre for Corporate Governance, Research and Training (CCGRT), Mumbai and ICSI Centre of Excellence (CoE), Hyderabad in 2020. He is a Nominee Director at ICSI IIP. CS Deshpande also headed the Information Technology Committee of the ICSI for the year 2019. He was member of various committees Constituted by ICSI including Executive Committee, Corporate Laws and Governance Committee, Training & Educational Facilities Committee, Placement Committee, PMQ Course Committee, Election Reforms Committee and International Affairs Committee for the year 2019.

He has been actively associated with the Institute since 2004. Elected to the WIRC of lCSI, for the term 2015 – 18, he served as Chairman of Pune Chapter of WIRC of ICSI in the year 2013 and was an active Managing Committee member for the period from 2007 - 2014.

CS Devendra V. Deshpande has been a practicing Company Secretary since 2004 and specialises in the field of Corporate Laws, Foreign Exchange Laws, Audits under Company Law and Allied Laws, Secretarial Audit and Corporate Restructuring.


Mr. Anil Khaitan,
(Independent Director)

Mr. Anil Kumar Khaitan, aged around 62 years, is an MBA from IMI, Geneva in the year 1981 and has more than forty one years of diversified business experience relating to Jute Industry, Paper Industry, Pharmaceutical Industry, Copper & Steel Industry etc.

He is President, PHD Chamber of Commerce and Industry. He is Chairman and Managing Director on the Board of Sunil Healthcare Limited, Director on the Board of Nada Vibronics Private Limited. Aged


Mr.Ashok Kumar Pavadia (Independent Director)

Mr. Ashok Kumar Pavadia, is a former (retd.) Additional Secretary to the Government of India. An alumnus of the University of London (LSE) and the University of Delhi, he majored in Political Science, Law, Public Policy and Management with two Bachelor degrees, two Master degrees and a Post-Graduate Diploma. He started his career as a Lecturer in the Department of Political Science, University of Delhi. He later joined the Indian bureaucracy and in his career spanning over three decades served in senior administrative positions in over half a dozen Ministries in the Government of India.

A leading expert in Public Policy, Corporate Governance, CSR and Sustainable Development, he is the author of the Department of Public Enterprises Guidelines on “CSR and Sustainability” for Public Sector enterprises. He has served on the Governmental Advisory Board of the Global Reporting Initiative (Amsterdam). He has also been on the Governing Council of the Institute of Public Enterprise (Hyderabad).

He is frequently invited by foreign Governments, UN agencies, reputed Universities, leading corporations, NGOs, private organizations and trade and industry associations to benefit from his expertise in CSR and Sustainable Development. He has addressed more than a hundred conferences/ seminars in India and abroad.


Dr. Prasant Sarangi,
CEO (Designate)

Dr. Prasant Sarangi has received his M.A., M.Phil and Ph.D degree in Economics from Berhampur University and MBA degree from BPUT, Rourkela. He was awarded B.A. (Eco-Hons) securing First position (Gold Medalist) and M.A. (Eco.) securing First position in order of merit. He had received National Scholarship from Ministry of HRD, GoI and also awarded Best Graduate and a number of memorial awards by Universities and other academic organizations from time-to-time.

He consistently had a brilliant academic career and has so far published more than 54 research based papers in several journals of national and international repute in the areas of Business and Finance Forecasting, Data Modeling and Statistical Analysis etc.

Dr. Sarangi has the credit of authoring three books titled ‘Research Methodology’, ‘Consumption, Poverty and Inequality’, and he was also one of the editors of the book titled ‘Innovations in Management Science ’. The book ‘Research Methodology’ published by Taxmann Publications is one of the most popular and widely circulated books. He has also been associated with a number of reputed professional bodies in India from time-to-time. He has served as faculty in senior grades for several years and shouldered responsibilities as a team member of top management in various academic institutions as well.