[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"cms-nav-items":3,"articles-list":4,"articles-categories":60},[],{"s":5,"msg":6,"data":7,"totalRecords":22},1,"Articles Data found",[8,21,31,41,50],{"id":9,"user_id":5,"is_deleted":10,"category_id":11,"title":12,"short_desc":13,"long_desc":14,"image":15,"author_name":16,"status":5,"created_at":17,"updated_at":18,"category":19},6,0,11,"NPA ACCOUNTS: REASONS AND ROLE OF BANK, CA, DSA, CLIENT AND OTHERS","Non-Performing Assets (NPAs) are a significant concern for banks and can arise due to various factors involving multiple parties.","\u003Cp>\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\" style=\"line-height:1.16;margin-left: 6pt;margin-right: 26.8pt;margin-top:0pt;margin-bottom:0pt;\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:20pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">NPA ACCOUNTS: REASONS AND ROLE OF BANK, CA, DSA, CLIENT AND OTHERS\u003C/span>\u003C/strong>\u003C/p>\u003Cp>\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cbr>\u003C/strong>\u003C/p>\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-left: 6pt;margin-right: 5.55pt;text-align: justify;margin-top:0.05pt;margin-bottom:0pt;\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Non-Performing Assets (NPAs) are a significant concern for banks and can arise due to various factors involving multiple parties. Let's examine the reasons for NPAs and the roles of different stakeholders:\u003C/span>\u003C/strong>\u003C/p>\u003Col style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\">\u003Cli dir=\"ltr\" style=\"list-style-type:decimal;font-size:13pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -12.05pt;padding-left: 0.75pt;\" aria-level=\"1\">\u003Ch1 dir=\"ltr\" style=\"line-height:1.2;margin-top:8.45pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:13pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Reasons for NPAs:\u003C/span>\u003C/strong>\u003C/h1>\u003C/li>\u003Col style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\">\u003Cli dir=\"ltr\" style=\"list-style-type:lower-alpha;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -29.300000000000004pt;padding-left: 3.6000000000000014pt;\" aria-level=\"2\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.5pt;text-align: justify;margin-top:9.85pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Economic Downturn: \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Economic recessions or downturns can lead to decreased business activity, lower consumer spending, and increased unemployment, affecting borrowers' ability to repay loans and resulting in NPAs.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003Cli dir=\"ltr\" style=\"list-style-type:lower-alpha;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -29.300000000000004pt;padding-left: 3.6000000000000014pt;\" aria-level=\"2\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.7pt;text-align: justify;margin-top:7.1pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Poor Credit Risk Assessment: \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Banks may extend credit to borrowers without conducting thorough credit assessments or due diligence, leading to loans being granted to high-risk individuals or businesses who are unable to repay, thus resulting in NPAs.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003Cli dir=\"ltr\" style=\"list-style-type:lower-alpha;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -29.300000000000004pt;padding-left: 3.6000000000000014pt;\" aria-level=\"2\">\u003Cp dir=\"ltr\" style=\"line-height:1.3900000000000001;margin-right: 5.75pt;text-align: justify;margin-top:7.05pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Inadequate Collateral: \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">If the collateral provided by borrowers to secure loans is insufficient or depreciates in value over time, banks may face difficulties in recovering the outstanding loan amount, resulting in NPAs.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003Cli dir=\"ltr\" style=\"list-style-type:lower-alpha;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -29.4pt;padding-left: 3.6000000000000014pt;\" aria-level=\"2\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.95pt;text-align: justify;margin-top:7.35pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Weak Financial Management: \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Borrowers may experience financial mismanagement, poor business decisions, or cash flow problems, making it challenging for them to service their debt obligations and leading to NPAs.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003Cli dir=\"ltr\" style=\"list-style-type:lower-alpha;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -29.4pt;padding-left: 3.6000000000000014pt;\" aria-level=\"2\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.55pt;text-align: justify;margin-top:7.1pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">External Factors: \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">External factors such as natural disasters, regulatory changes, geopolitical instability, or unforeseen events (e.g., pandemic) can adversely impact borrowers' ability to repay loans, contributing to NPAs.\u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">\u003Cbr>\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003C/ol>\u003Cli dir=\"ltr\" style=\"list-style-type:decimal;font-size:13pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -12.2pt;padding-left: 0.8999999999999986pt;\" aria-level=\"1\">\u003Ch1 dir=\"ltr\" style=\"line-height:1.2;margin-top:3.35pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:13pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Roles of Different Stakeholders:\u003C/span>\u003C/strong>\u003C/h1>\u003C/li>\u003Col style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\">\u003Cli dir=\"ltr\" style=\"list-style-type:lower-alpha;font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -29.45pt;padding-left: 3.5500000000000007pt;\" aria-level=\"2\">\u003Ch2 dir=\"ltr\" style=\"line-height:1.2;margin-top:10pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Bank:\u003C/span>\u003C/strong>\u003C/h2>\u003C/li>\u003Cul style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\">\u003Cli dir=\"ltr\" style=\"list-style-type:disc;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -43.699999999999996pt;padding-left: 2.3999999999999986pt;\" aria-level=\"3\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.65pt;text-align: justify;margin-top:9.4pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">The bank's primary role is to assess credit risks, manage loan portfolios, and ensure prudent lending practices to minimize the incidence of NPAs.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003Cli dir=\"ltr\" style=\"list-style-type:disc;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -43.699999999999996pt;padding-left: 2.3999999999999986pt;\" aria-level=\"3\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.65pt;text-align: justify;margin-top:7.15pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Banks are responsible for conducting due diligence on borrowers, monitoring loan performance, implementing risk management strategies, and taking appropriate remedial actions to address NPAs.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003C/ul>\u003Cli dir=\"ltr\" style=\"list-style-type:lower-alpha;font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -29.45pt;padding-left: 3.5500000000000007pt;\" aria-level=\"2\">\u003Ch2 dir=\"ltr\" style=\"line-height:1.2;margin-top:7.1pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Chartered Accountant (CA):\u003C/span>\u003C/strong>\u003C/h2>\u003C/li>\u003Cul style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\">\u003Cli dir=\"ltr\" style=\"list-style-type:disc;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -43.800000000000004pt;padding-left: 2.3999999999999986pt;\" aria-level=\"3\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.8pt;text-align: justify;margin-top:9.55pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">CAs play a crucial role in providing financial advisory services, conducting credit analysis, and assessing the creditworthiness of borrowers.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003Cli dir=\"ltr\" style=\"list-style-type:disc;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -43.800000000000004pt;padding-left: 2.3999999999999986pt;\" aria-level=\"3\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.65pt;text-align: justify;margin-top:7.15pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">CAs assist banks in evaluating loan applications, reviewing financial statements, analyzing cash flow projections, and determining loan structuring and pricing to mitigate credit risks and prevent NPAs.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003C/ul>\u003Cli dir=\"ltr\" style=\"list-style-type:lower-alpha;font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -29.45pt;padding-left: 3.5500000000000007pt;\" aria-level=\"2\">\u003Ch2 dir=\"ltr\" style=\"line-height:1.2;margin-top:7.05pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Direct Selling Agent (DSA):\u003C/span>\u003C/strong>\u003C/h2>\u003C/li>\u003Cul style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\">\u003Cli dir=\"ltr\" style=\"list-style-type:disc;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -43.699999999999996pt;padding-left: 2.3999999999999986pt;\" aria-level=\"3\">\u003Cp dir=\"ltr\" style=\"line-height:1.415;margin-right: 6.55pt;text-align: justify;margin-top:9.45pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">DSAs are intermediaries who assist banks in customer acquisition and sales of banking products, including loans.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003Cli dir=\"ltr\" style=\"list-style-type:disc;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -43.699999999999996pt;padding-left: 2.3999999999999986pt;\" aria-level=\"3\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.6pt;text-align: justify;margin-top:7pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">DSAs help banks identify potential borrowers, facilitate loan applications, and provide information about loan products and services to clients. They play a role in expanding the bank's customer base but should ensure responsible lending practices to minimize NPAs.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003C/ul>\u003Cli dir=\"ltr\" style=\"list-style-type:lower-alpha;font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -29.45pt;padding-left: 3.5500000000000007pt;\" aria-level=\"2\">\u003Ch2 dir=\"ltr\" style=\"line-height:1.2;margin-top:7.05pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Client (Borrower):\u003C/span>\u003C/strong>\u003C/h2>\u003C/li>\u003Cul style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\">\u003Cli dir=\"ltr\" style=\"list-style-type:disc;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -43.699999999999996pt;padding-left: 2.3999999999999986pt;\" aria-level=\"3\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.5pt;text-align: justify;margin-top:9.45pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Clients are borrowers who avail loans or credit facilities from banks for various purposes such as business expansion, personal expenses, or asset acquisition.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003Cli dir=\"ltr\" style=\"list-style-type:disc;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -43.699999999999996pt;padding-left: 2.3999999999999986pt;\" aria-level=\"3\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.8pt;text-align: justify;margin-top:7.1pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Clients have a responsibility to maintain financial discipline, adhere to loan repayment schedules, and communicate with banks in case of financial difficulties to avoid defaulting on loan obligations and contributing to NPAs.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003C/ul>\u003Cli dir=\"ltr\" style=\"list-style-type:lower-alpha;font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -29.45pt;padding-left: 3.5500000000000007pt;\" aria-level=\"2\">\u003Ch2 dir=\"ltr\" style=\"line-height:1.2;margin-top:7.05pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Regulatory Authorities:\u003C/span>\u003C/strong>\u003C/h2>\u003C/li>\u003Cul style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\">\u003Cli dir=\"ltr\" style=\"list-style-type:disc;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -43.800000000000004pt;padding-left: 2.3999999999999986pt;\" aria-level=\"3\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.65pt;text-align: justify;margin-top:9.45pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Regulatory authorities such as central banks and banking regulators oversee the banking sector and establish guidelines, regulations, and prudential norms to safeguard financial stability and mitigate risks, including NPAs.\u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">\u003Cbr>\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003Cli dir=\"ltr\" style=\"list-style-type:disc;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -43.800000000000004pt;padding-left: 2.3999999999999986pt;\" aria-level=\"3\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.65pt;text-align: justify;margin-top:3.45pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Regulatory authorities monitor banks' compliance with regulatory requirements, conduct inspections, and impose penalties or corrective measures to address issues related to NPAs and ensure the soundness of the banking system.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003C/ul>\u003C/ol>\u003C/ol>\u003Ch1 dir=\"ltr\" style=\"line-height:1.2;margin-left: 5.85pt;margin-top:8.4pt;margin-bottom:0pt;\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:13pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Precautions to avoid risks associated with NPAs and defaulters\u003C/span>\u003C/strong>\u003C/h1>\u003Cp dir=\"ltr\" style=\"line-height:1.2;margin-left: 5.85pt;text-align: justify;margin-top:9.85pt;margin-bottom:0pt;\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Precaution encompassing the perspectives of various stakeholders is given below:\u003C/span>\u003C/strong>\u003C/p>\u003Col style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\">\u003Cli dir=\"ltr\" style=\"list-style-type:decimal;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -12.149999999999999pt;padding-left: 0.75pt;\" aria-level=\"1\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.7pt;text-align: justify;margin-top:9.45pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Comprehensive Credit Assessment: \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Conduct thorough credit assessments, evaluate creditworthiness, and structure loans prudently to mitigate credit risks.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003Cli dir=\"ltr\" style=\"list-style-type:decimal;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -12.05pt;padding-left: 0.75pt;\" aria-level=\"1\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.65pt;text-align: justify;margin-top:7.15pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Robust Risk Management Framework: \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Implement a comprehensive risk management framework covering credit risk, operational risk, and compliance risk to identify, assess, and mitigate risks effectively.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003Cli dir=\"ltr\" style=\"list-style-type:decimal;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -12.2pt;padding-left: 0.8999999999999986pt;\" aria-level=\"1\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.55pt;text-align: justify;margin-top:7.2pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Effective Monitoring and Portfolio Management: \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Regularly monitor loan portfolios, assess asset quality indicators, and implement proactive measures to address emerging credit risks and potential defaulters.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003Cli dir=\"ltr\" style=\"list-style-type:decimal;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -12.2pt;padding-left: 0.8999999999999986pt;\" aria-level=\"1\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.55pt;text-align: justify;margin-top:7.1pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Due Diligence and Compliance: \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Ensure compliance with regulatory requirements, adhere to professional standards, and conduct due diligence assessments to mitigate legal, financial, and reputational risks.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003Cli dir=\"ltr\" style=\"list-style-type:decimal;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -12.149999999999999pt;padding-left: 0.75pt;\" aria-level=\"1\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.65pt;text-align: justify;margin-top:7.05pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Transparency and Communication: \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Maintain transparency in loan transactions, communicate effectively with borrowers, and disclose key information to stakeholders to facilitate informed decision-making and mitigate risks.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003Cli dir=\"ltr\" style=\"list-style-type:decimal;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -12.05pt;padding-left: 0.75pt;\" aria-level=\"1\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 5.45pt;text-align: justify;margin-top:7.1pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Continuous Learning and Improvement: \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Stay updated on industry best practices, regulatory changes, and emerging trends through continuous professional development to enhance knowledge, skills, and expertise in risk management practices.\u003C/span>\u003C/strong>\u003C/p>\u003C/li>\u003C/ol>\u003Ch1 dir=\"ltr\" style=\"line-height:1.2;margin-left: 5.85pt;margin-top:8.45pt;margin-bottom:0pt;\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:13pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Conclusion\u003C/span>\u003C/strong>\u003C/h1>\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-left: 6pt;margin-right: 5.45pt;text-align: justify;margin-top:9.85pt;margin-bottom:0pt;\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">NPAs can result from various factors, and addressing them requires collaboration and proactive efforts from banks, CAs, DSAs, clients, and regulatory authorities. Each stakeholder has a role to play in preventing NPAs, promoting responsible lending practices, and maintaining financial stability in the banking sector.\u003C/span>\u003C/strong>\u003C/p>\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-left: 6pt;margin-right: 5.45pt;text-align: justify;margin-top:9.85pt;margin-bottom:0pt;\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-273b7c94-7fff-aa3c-6d32-5edd9a21ea6c\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">\u003Cbr>\u003C/span>\u003C/strong>\u003C/p>\u003Cp>\u003Cbr>\u003C/p>\u003Cp>\u003C/p>\u003Cbr class=\"Apple-interchange-newline\">\u003Cbr>\u003Cp>\u003Cbr>\u003C/p>","image-281676.jpg","VR. PRAVIN G ZADGAONKAR","2024-09-02T10:33:12.000Z","2024-12-26T09:22:24.000Z",{"name":20},"Articles",{"id":22,"user_id":5,"is_deleted":10,"category_id":11,"title":23,"short_desc":24,"long_desc":25,"image":26,"author_name":27,"status":5,"created_at":28,"updated_at":29,"category":30},5,"INFLUENCE OF BUYER’S REMORSE ON VALUATION STANDARDS (PART-II)","influence of buyer’s remorse on valuation standards (part-ii)","\u003Cp>\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-e0158e6f-7fff-caba-a07c-c7b5235a5ade\">\u003C/strong>\u003C/p>\u003Cp dir=\"ltr\" style=\"line-height:1.16;margin-left: 6pt;margin-right: 53.5pt;margin-top:8.3pt;margin-bottom:0pt;\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-e0158e6f-7fff-caba-a07c-c7b5235a5ade\">\u003Cspan style=\"font-size:20pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">INFLUENCE OF BUYER’S REMORSE ON VALUATION STANDARDS (PART-II)\u003C/span>\u003C/strong>\u003C/p>\u003Cp>\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-e0158e6f-7fff-caba-a07c-c7b5235a5ade\">\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-left: 6pt;margin-right: 6.5pt;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">I am providing following examples to enlighten the influence of Buyer's Remorse. I have avoided to note the names, the city and specific information for the purpose of maintaining confidentiality.\u003C/span>\u003C/p>\u003Col style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\">\u003Cli dir=\"ltr\" style=\"list-style-type:decimal;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -12.05pt;padding-left: 0.75pt;\" aria-level=\"1\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 6.45pt;text-align: justify;margin-top:7.1pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">After following SARFAESI and DRT rout the lender NBFC obtained physical possession of a mechanical workshop. Land & Building was duly auctioned on as is where is and as is how it is basis. A Buyer obtained the asset in auction. NBFC had auctioned Plant & Machinery independently. The Buyer received a notice from the Buyer of Plant & Machinery demanding permission to remove some parts of the plant which were attached to trays running the cables at gantry level. After a small bout of heated arguments, both agreed and the Buyer of Plant & Machinery literally torn the trays, snatched the cables and accessories and left the workshop building in tattered condition.\u003C/span>\u003C/p>\u003C/li>\u003C/ol>\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-left: 24.6pt;margin-right: 6.6pt;text-align: justify;margin-top:6.5pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">The Buyer of L & B was happy when he got the bid for the low costs and he had dreamt of selling the asset at a market value which was showing substantial profits as per his (private) Valuer. However after removal of P & M, which left the building in practically dilapidated condition his dreams shattered! The Buyer went into remorse and permanently decided not to venture in such purchases, which he wanted to make a regular practice, and had quarreled with his (private) Valuer and charge him for insufficient services.\u003C/span>\u003C/p>\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-left: 24.6pt;margin-right: 7.15pt;text-align: justify;margin-top:6.75pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Conclusion:- \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Buyer's Remorse ended in strained relations with NBFC, Valuer and lost faith in the entire legal procedure.\u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">\u003Cbr>\u003C/span>\u003C/p>\u003Col style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\" start=\"2\">\u003Cli dir=\"ltr\" style=\"list-style-type:decimal;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -12.049999999999997pt;padding-left: 0.6499999999999986pt;\" aria-level=\"1\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 6.5pt;text-align: justify;margin-top:3.75pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">The Improvement Trust, an approved Planning & Development Authority, auctioned a few plots, in a newly developed locality. The auction took place in the office of the trust. One Buyer quoted the highest bid for one residential plot admeasuring about 40 ft. x 100 ft., which was only one left over in aseries of several plots with buildings. After paying 50% up front, he was permitted to pay rest of the amount with installments carrying 10% rate of interest for a span of 5 years. After four years and making 90% of payments and interest component besides Stamp Duty & Registration charges etc., he decided to obtain services of an Architect, a Contractor & proceed with building activities. When the Architect measured the plot, he found that the measurement was about 25 ft. wide because of all plot owners in the block had encroached upon adjoining plots by constructing compound walls with the result plot shrunk. The Improvement Trust had Building Bylaws permitting the actual area of the plot for FSI calculations besides minimum side margins each 10 ft. reduced the final width of building a long road to 5 ft. The Buyer blamed the Improvement Trust for not action against the adjoining plot owners, whereas the Improvement Trust blamed the Buyer for not reading the conditions of auction properly which stated “as is where is”. Both fought legal battles in Court of law and finally the Buyer lost the case at huge cost and expenses besides the payments made to Improvement Trust.\u003C/span>\u003C/p>\u003C/li>\u003C/ol>\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-left: 24.6pt;margin-right: 6.85pt;text-align: justify;margin-top:5.7pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Conclusion:- \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Buyer went into remorse. He quarreled with the Architect blaming him for not obtaining the proper building permit, the Advocate for losing the battle and lost faith in the judiciary and the system.\u003C/span>\u003C/p>\u003Col style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\" start=\"3\">\u003Cli dir=\"ltr\" style=\"list-style-type:decimal;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -12.049999999999997pt;padding-left: 0.6499999999999986pt;\" aria-level=\"1\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 6.6pt;text-align: justify;margin-top:7.05pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">A Buyer purchased a good located plot in a layout of a Co-Operative Society. The Public Utility plot was surrendered at Rs.1/- to Planning Authority. After the layout was fully developed with all amenities and buildings, the Planning Authority reserved the Public Utility plot for crematorium. The Buyer's plot and the PU plot were having common plot boundary at the rear margin. After the reservation and finally construction of crematorium, the Buyer not only lost interest in residing in the building but could not sale off the asset since there were no takers. The property values had escalated in the layout but all the plots within close proximity to crematorium lost substantial values and practically all of them abandon their asset including the Buyer.\u003C/span>\u003C/p>\u003C/li>\u003C/ol>\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-left: 24.6pt;margin-right: 6.85pt;text-align: justify;margin-top:6.55pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Conclusion:- \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Buyer went into remorse and fought a legal battle with Managing Committee of the Co-Operative Society & lost. He blamed everyone including his Architect for not checking with the Planning Authority for reservation, his Broker for deceiving him.\u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">\u003Cbr>\u003C/span>\u003C/p>\u003Col style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\" start=\"4\">\u003Cli dir=\"ltr\" style=\"list-style-type:decimal;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -12.149999999999999pt;padding-left: 0.75pt;\" aria-level=\"1\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 6.5pt;text-align: justify;margin-top:3.35pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">A Buyer bought about 6000 sft. plot in a layout approved by Planning Authority. The layout was on a private property and the open space was claimed as ownership & possession of family members. They made a ploy of dividing between two groups and clamming the four divisions of the open space as independent parcel of lands named like 10 A, 10 B, 10 C & 10 D, each one being corner divisions because of central position of open space having road all around as per rules. The battle was fought amongst the two groups in the District Court and obtained the verdict on allotment to each one. Thus “the issue” was resolved and these so called “plots” were duly recorded into City Survey. The Buyer mortgaged the “plot” with a Nationalized Bank as a surety / Partner of a company. The Panel Advocate provided the title clearance certificate on the basis of the City Survey Record and further valued by Panel Valuer.\u003C/span>\u003C/p>\u003C/li>\u003C/ol>\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-left: 24.6pt;margin-right: 6.55pt;text-align: justify;margin-top:6.4pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">After three years, as a routine, the Bank obtained revaluation from second Panel Valuer, who issued almost 1.5 times valuation on the basis of time lag from first valuation certificate. The Buyer applied for higher loan limit and got it. After six years the same procedure was repeated and this time the Buyer applied for still higher loan and Banker “insisted” upon the third Panel Valuer. However the third Valuer demanded all documents, made a site visit alongwith the Buyer and Bank Manager, went through all the plans, the Court order, City Survey Record & enquired with the Planning Authority and found out the entire transaction was “bogus”. The Bank Manager insisted upon just a certificate of two times a value and the Buyer argued that third Valuer “demanded extra fees”. However the third Valuer did not oblige. The result was he was side tracked and Bank never gave him any assessments.\u003C/span>\u003C/p>\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-left: 24.7pt;margin-right: 6.5pt;text-align: justify;margin-top:6.3pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Conclusion:- \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">The Buyer went into remorse. However his frustration was that he failed in obtaining higher loan. The Banker did not sanction. However no action was taken against the Buyer, the first and second panel Valuers as well as Panel Advocate. In this case the Buyer arranged all false documents and availed loans for first and second time but failed to repay the installments and the account become NPA. All the persons involved excluding third Valuer, “Helped each other”.\u003C/span>\u003C/p>\u003Col style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\" start=\"5\">\u003Cli dir=\"ltr\" style=\"list-style-type:decimal;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -12.05pt;padding-left: 0.75pt;\" aria-level=\"1\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 6.85pt;text-align: justify;margin-top:6.8pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">The Buyer adopted the same procedure with another Bank, the history repeated one once and finally he landed in prison. This Buyer's remorse because of ethical practice of third Panel Valuer, who lost his assessments for his honesty.\u003C/span>\u003C/p>\u003C/li>\u003C/ol>\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-left: 24.7pt;margin-right: 6.45pt;text-align: justify;margin-top:7.05pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Conclusion:- \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">The Buyer's remorse out of the above four instances shows the tricks & manipulations played by the other stake holders. Except the Buyer in the fourth instance, all were partially or fully ignorant about the whole episode resulting into remorse because of (1) Belief against Belief, (2) Non belief against belief converted into disbelief, (3) Disbelief against non belief and (4) Conversion into diehard criminal after “managing” the system.\u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">\u003Cbr>\u003C/span>\u003C/p>\u003Col style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\" start=\"6\">\u003Cli dir=\"ltr\" style=\"list-style-type:decimal;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: -12.149999999999999pt;padding-left: 0.75pt;\" aria-level=\"1\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 6.5pt;text-align: justify;margin-top:3.75pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">The four categories of remorse are happening around us. As Valuers, we also fall pray if we “just believe” and side track our responsibility and methodical follow up of each and every assignment with due diligence and ethics. It is many important that Valuers must study all material and submissions produced by all Buyers or Purchasers without exception. Usually if we try to “find out” any lacuna, we don't “see it”. However if we make a diehard habit then we can reverse the process. If we “see”, then only we “find out” and not otherwise. A skillful Buyer, with remorse, can very easily use it either as revenge or misrepresentation. The study of documents of past and present will surely save the Valuer from the curse of the Buyer's remorse.\u003C/span>\u003C/p>\u003C/li>\u003C/ol>\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-left: 24.6pt;margin-right: 6.5pt;text-indent: 0.10000000000000142pt;text-align: justify;margin-top:6.5pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Conclusion :- \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">The Buyer always feels that his spent more for buying an asset. When he becomes Seller he always feels that he receive less value. As a Buyer he is require to pay for Stamp Duty, Registration charges etc. over and above the transaction value. Therefore he tries to reduce the Stamp Duty by providing incomplete and shoddy description of asset. The Seller, being oblivious to such extra payments, over look such action. However when the Buyer becomes Seller and expects higher value, he comes under the trap of Capital Gain Tax if the cost of acquisition at an earlier date was less because of the description. If the transaction value is more than the Sale value for Stamp Duty purpose, both are grilled on account of income head “income from other sources”. Both become disillusioned and blame the Brokers, the Tax Man & also the Lawyers. A tendency of avoiding taxes is the outcome and if both continue with similar transactions of buying and selling, they try to devise various nefarious means and forget that the digitization and rapidinvestigations are good enough to catch them in tax nets and penalties at any time.\u003C/span>\u003C/p>\u003Cp dir=\"ltr\" style=\"line-height:1.2;margin-left: 24.7pt;text-align: justify;margin-top:6.2pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">There are a few examples as under:\u003C/span>\u003C/p>\u003Col style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\">\u003Cli dir=\"ltr\" style=\"list-style-type:upper-roman;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: 6.600000000000001pt;padding-left: 3.6000000000000014pt;\" aria-level=\"2\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 6.55pt;text-align: justify;margin-top:9.4pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Mr. A purchased house property for Rs.1.5/-Cr. by cheques and Rs.1/-Cr. by cash from Mr. B. The ITR were filled at even the Seller Mr. B obtained refund. However after 2 years Mr. B got a notice from ITO for Rs.1/-Cr. undisclosed income and ordered to pay the Income Tax with penal interest and fine. Mr. A also got the same kind of notice and both were sailing in the same boat. The ITO obtained information of undisclosed transactions from spending patter Mr. B and faulty ITR filled by Mr. A previously.\u003C/span>\u003C/p>\u003C/li>\u003Cli dir=\"ltr\" style=\"list-style-type:upper-roman;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: 6.699999999999996pt;padding-left: 3.6000000000000014pt;\" aria-level=\"2\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 6.55pt;text-align: justify;margin-top:6.75pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Mr. A sold asset to Mr. B by way of Rs.2/- Cr. received in account and Rs.2.5/- Cr. by cash. In next 2 years, he spent on marriage of his daughter, bought motorcycle for his son and the family enjoyed a foreign trip. The transaction shown were meager but the recipients like owner of marriage lawns, the purchase of costly accessories for motorcycle, the executive class air travel and 5 star hotel stays were linked and\u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">\u003Cbr>\u003C/span>\u003C/p>\u003C/li>\u003C/ol>\u003Cp dir=\"ltr\" style=\"line-height:1.415;margin-left: 46.3pt;margin-right: 6.75pt;text-align: justify;margin-top:3.75pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">he was summoned, charged and prosecuted by IT Department. Mr. B was also linked in the same manner for fraudulent transactions.\u003C/span>\u003C/p>\u003Col style=\"margin-top:0;margin-bottom:0;padding-inline-start:48px;\" start=\"3\">\u003Cli dir=\"ltr\" style=\"list-style-type:upper-roman;font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: 6.699999999999996pt;padding-left: 3.6000000000000014pt;\" aria-level=\"2\">\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-right: 6.35pt;text-align: justify;margin-top:6.95pt;margin-bottom:0pt;\" role=\"presentation\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">A family of four brothers sold their agricultural land and retained four plots for the future layout at very high value than agricultural land. The plan was devised with the help of a Developer known for such transactions who assured them that they will not be required to pay any Capital Gain Tax. The Sellers did not file ITR since they were fully convinced. They spent the cash received in installments less than Rs.20,000/- each, equally paid in monthly installments total amounting to Rs.4/-Cr. Each one spent the amount lavishly and nothing left to pay taxes in the end. However the Developer did not obtain layout approval and development for next 3 years. All these transactions were investigated from the digital accounting linked to several other persons with whom they lavishly spent. Result was disastrous.\u003C/span>\u003C/p>\u003C/li>\u003C/ol>\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-left: 6pt;margin-right: 6.5pt;text-align: justify;margin-top:6.5pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">These are some of the examples and all of us have come across several such examples while assessing for taxation. The Buyers & the Sellers were trying to avoid taxation. Concealment of income was probably out of remorse from previous experiences. They might have been advised in a wrong manner but a peculiar tendency reveals that taxation and the aftermath of avoidance have resulted in antisocial tendencies. Everyone was against paying taxes, duties and lived into a fool's paradise. Probably their near and dear friends and relativeswere responsible in passing the unlawful tactics as a result of their own Buyer's Remorse.\u003C/span>\u003C/p>\u003Cp dir=\"ltr\" style=\"line-height:1.4000000000000001;margin-left: 6pt;margin-right: 6.35pt;text-align: justify;margin-top:6.65pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Conclusion:- \u003C/span>\u003Cspan style=\"font-size:11pt;font-family:Arial,sans-serif;color:#2b2a29;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">There are continuous changes, up-gradations, checks and controls to curb the remorseful activities. It's a cat and mouse game. More the stringent ways, more will be slips from the clutches. The rapid digitization and Artificial Intelligent are able to notice the methods adopted by the culprits i.e. the Buyer's with Remorse. The rapid availability of data may be handy for Valuers provided they take the help of AI. The check and cross check of documentation, the purposely avoided transactions, insufficient data for providing weights in valuation etc. can be identified. Such Buyers will be classified as habitual defaulters. Even their stake holders, advisors etc. will be linked into a neural net and permanently recorded for cross verification for any such transactions in future. The speech recognition, the language, the translation etc. will provide vital information.\u003C/span>\u003C/p>\u003C/strong>\u003C/p>\u003Cp>\u003C/p>\u003Cbr class=\"Apple-interchange-newline\">","image-269953.jpg","VR. D.L. NAWARE","2024-09-02T10:32:23.000Z","2024-12-26T09:21:55.000Z",{"name":20},{"id":32,"user_id":5,"is_deleted":10,"category_id":11,"title":33,"short_desc":34,"long_desc":35,"image":36,"author_name":37,"status":5,"created_at":38,"updated_at":39,"category":40},4,"VALUATION: LEARN, UNLEARN & RELEARN","A Valuer is required to know the basic essentials to furnish professional services right from taking assignment, process and final submission of completed assignment.","\u003Cp>\u003Cbr>\u003Cstrong>VALUATION: LEARN, UNLEARN & RELEARN\u003C/strong>\u003C/p>\u003Cp>Either due to catastrophes or man-made decisions, changes and transformations, leading to corrections, are bound to disrupt the prevalent working conditions and systems. In order to counteract, understanding the need to achieve sustainability in the systems, by contemplating for finding renewed ways of thinking and working, is required. With an attitude of acceptance and adaptability of changes in thinking and working is key to growth with better sustainable systems. Objectivity in approach to undertake assignments, being in pace with the contemporary developments and ethical way of doing things is needed to mitigate such challenges due to these disruptions.\u003C/p>\u003Cp>To be able to deliver quality services, a Professional is supposed to acquire the required proficiency in the opted Profession. With growing demand for dependable and authenticated Valuation services, while being on a threshold of becoming regulated, Valuation is set to\u003Cstrong> become a much sought-after Profession\u003C/strong>. Thus, owing to recent sequence of events coupled with rising demands for Valuation services, an impact on the ways of working bringing in innovations and more usage of tools and technological support to the forefront.\u003C/p>\u003Cp>Much depends upon keeping oneself upskilled and updated by continuously participating in specific educational, training, capacity building and other interactive programs. Another important way, i.e., sharing, discussing and debating about professional works undertaken with more experienced and senior professionals, is emerging to gain more confidence and expertise. In this regard peer review of works is becoming an important way, through which a Valuer can easily understand his shortcomings and gaps in working, thereby opening the door for further improvements in his skill sets to produce quality in outcomes.\u003C/p>\u003Cp>It is vital to understand the Peer Review, which is fundamentally reviewed in a friendly manner, for the sake of inculcating improvements and confidence in professional capacity thereby paving the path towards professional proficiency. The critical appraisal, aiming only to provide insights in the process of Valuation, provides the confidence and inputs to improve in the weaker areas and strengthen the core areas. But such reviews require to be within defined frameworks of relevant issues limited to the process involved, but excluding conclusion.\u003C/p>\u003Cp>A Valuer is required to know the basic essentials to furnish professional services right from taking assignment, process and final submission of completed assignment. The essentials can be briefly summed up as\u003C/p>\u003Cp>· Obtaining Assignment/ appointment letter from Clients or Authorities defining scope and purpose of assignment along with other essential information like professional charges etc.\u003C/p>\u003Cp>· Securing the required authenticated data and information from the clients\u003C/p>\u003Cp>· Collecting relevant data and information from the authenticated sources for the purpose of assessment\u003C/p>\u003Cp>· Sourcing and analysing the available inputs to apply in the relevant methodology required to complete the Valuation Process\u003C/p>\u003Cp>· Completed Assignment in the form of a report containing all such information as required for a good quality report\u003C/p>\u003Cp>This is just a brief description and more elaborations are to be made by the Valuers in varying conditions of different classes of assets. Few of the other vital matters, while undertaking any Valuation exercise, to remember are\u003C/p>\u003Cp>- Knowledge of Valuation Standards and its application in working\u003C/p>\u003Cp>- The Valuation exercise, undertaken in predefined and consequential manner gives the right kind of conclusion, rather done to get the desired conclusion in a vice versa manner\u003C/p>\u003Cp>- Dates such as Valuation, appointment, inspection at site, Report & its submission are vital to be mentioned in their respective documents\u003C/p>\u003Cp>- Use of Disclaimers, Caveats & Limitations be made but limiting these to a point where the Report is not disowned by the Valuer\u003C/p>\u003Cp>- Substantiation of Data & other information’s used in Valuation\u003C/p>\u003Cp>- Disclosure of identities of Valuer, clients & other stakeholders along with Valuer’s interests in the Report is the basis of an independent opinion on Valuation by a Valuer\u003C/p>\u003Cp>- Observe utmost care while accepting an assignment after assessment of Client and competency to deliver quality services\u003C/p>\u003Cp>It is pertinent to note and remember that Valuation Reports are liable to go through the Judicial scrutiny, hence keeping all relevant records and documents pertaining to the Valuation Reports are required to be kept stored in a proper manner. For all this, the latest available technological techniques and tools are best to be utilised for working, securing and storing all such works. To that extent, mode and manner of taking up assignments especially inspections can be defined in the scope if acceptable to the clients and other stakeholders mentioning the justifiable reasons for any such deviations.\u003C/p>\u003Cp>\u003Cem>Therefore, it is in the best of the interest of FRATERNITY to keep themselves abreast with latest developments and information’s regarding the Profession of VALUATION, through various sources and modes made available by the vigilant and performing organisations in the field or Valuation.\u003C/em>\u003C/p>\u003Cp>\u003C/p>\u003Cp>\u003C/p>","image-999080.jpg","IOV","2024-09-02T10:30:46.000Z","2026-03-18T17:39:04.000Z",{"name":20},{"id":42,"user_id":5,"is_deleted":10,"category_id":11,"title":43,"short_desc":44,"long_desc":45,"image":46,"author_name":37,"status":5,"created_at":47,"updated_at":48,"category":49},3,"Why do you need Business Valuation?","Business Valuation cannot be ignored in these times when asset less start-ups are getting valued much higher than the asset rich corporations.\r\n","\u003Cp>\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-148c8216-7fff-70e9-17f8-6d0b8d028e07\">\u003C/strong>\u003C/p>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: center;margin-top:0pt;margin-bottom:0pt;\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-148c8216-7fff-70e9-17f8-6d0b8d028e07\">\u003Cspan style=\"font-size:13.999999999999998pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Tracing the Footprints:\u003C/span>\u003C/strong>\u003C/p>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: center;margin-top:0pt;margin-bottom:0pt;\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-148c8216-7fff-70e9-17f8-6d0b8d028e07\">\u003Cspan style=\"font-size:13.999999999999998pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">P. C. Goel's Vision for the Valuation Profession\u003C/span>\u003C/strong>\u003C/p>\u003Cp>\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-148c8216-7fff-70e9-17f8-6d0b8d028e07\">\u003Cbr>\u003C/strong>\u003C/p>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: center;margin-top:0pt;margin-bottom:0pt;\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-148c8216-7fff-70e9-17f8-6d0b8d028e07\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">P - Pioneer: C - Contributor: G - Guiding Light: O - Optimist: E - Educator: L – Leader\u003C/span>\u003C/strong>\u003C/p>\u003Cp>\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-148c8216-7fff-70e9-17f8-6d0b8d028e07\">\u003Cbr>\u003C/strong>\u003C/p>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: center;margin-top:0pt;margin-bottom:0pt;\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-148c8216-7fff-70e9-17f8-6d0b8d028e07\">\u003Cspan style=\"font-size:12pt;font-family:'Quattrocento Sans',sans-serif;color:#0d0d0d;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">\"\u003C/span>\u003Cspan style=\"font-size:12pt;font-family:Mangal;color:#0d0d0d;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">यस्यादेवे\u003C/span>\u003Cspan style=\"font-size:12pt;font-family:Mangal;color:#0d0d0d;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">परा\u003C/span>\u003Cspan style=\"font-size:12pt;font-family:Mangal;color:#0d0d0d;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">भक्तिर्यथा\u003C/span>\u003Cspan style=\"font-size:12pt;font-family:Mangal;color:#0d0d0d;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">देवे\u003C/span>\u003Cspan style=\"font-size:12pt;font-family:Mangal;color:#0d0d0d;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">तथा\u003C/span>\u003Cspan style=\"font-size:12pt;font-family:Mangal;color:#0d0d0d;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">गुरौ।\u003C/span>\u003Cspan style=\"font-size:12pt;font-family:Mangal;color:#0d0d0d;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">तस्यैते\u003C/span>\u003Cspan style=\"font-size:12pt;font-family:Mangal;color:#0d0d0d;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">कथिता\u003C/span>\u003Cspan style=\"font-size:12pt;font-family:Mangal;color:#0d0d0d;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">ह्यर्थाः\u003C/span>\u003Cspan style=\"font-size:12pt;font-family:Mangal;color:#0d0d0d;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">प्रकाशन्ते\u003C/span>\u003Cspan style=\"font-size:12pt;font-family:Mangal;color:#0d0d0d;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">महात्मनः॥\u003C/span>\u003C/strong>\u003C/p>\u003Cp>\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-148c8216-7fff-70e9-17f8-6d0b8d028e07\">\u003Cbr>\u003C/strong>\u003C/p>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-148c8216-7fff-70e9-17f8-6d0b8d028e07\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">PCG – A man of determination and honesty, who has not only built the \u003C/span>\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">\"CULTURE of Valuation in the Global Economy but also CULTIVATED it to a great extent.\"\u003C/span>\u003C/strong>\u003C/p>\u003Cp>\u003Cstrong style=\"font-weight:normal;\" id=\"docs-internal-guid-148c8216-7fff-70e9-17f8-6d0b8d028e07\">\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">What can we say about a man who not only dreamed of transforming a societal need into a well-respected and dignified profession but also worked tirelessly to turn that dream into reality?\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">It is said that if you give a hungry person a fish, you feed them for a day. But if you teach them to fish, you feed them for a lifetime, along with their peers and future generations.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Perhaps this is what inspired him to craft the aim for the Institution of Valuers: \u003C/span>\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">\"To see that every valuer member is mobilized to the full in the battle to build India and to win for him proper recognition and reward.\"\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">We all have heard about his story; while in England, he conceived the idea of something unique for Indian Engineers, Architects, and technocrats, giving it the third dimension in the form of the Institution of Chartered Engineer in 1961, and then the most distinguished and prestigious Institution of Valuers in 1968.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">But was it as simple as that? Was it just enough to establish such a remarkable institution, one that continues to thrive like a banyan tree, even after his passing? The answer is a resounding NO. So, let's delve deeper into some unheard stories of the establishment of IOV:\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">In 1968, the passing of the Finance Bill, 1967, made it mandatory for people to get their movable and immovable assets valued for Wealth Tax and Income Tax purposes. However, there were only thirteen Government Approved Valuers under the Estate Duty Act practicing throughout North India. With such a heavy workload on their shoulders, there was a dire need for more valuers.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">It was against this backdrop that Shri P. C. Goel, one of the Government Approved Valuers, envisioned setting up a professional Institution for Valuers in India. He believed that such an institution would not only regulate and maintain high standards of valuation work but would also assist the government and the public in valuation tasks required for various purposes. His vision was to bring qualified valuers under one banner and provide them with a platform.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">To turn his vision into reality, he immediately named the institution \"Institution of Valuers\" and got it approved by the Registrar of Societies. With the help of well-wishers, council members, and his dedicated team, he prepared the Memorandum of Association and Rules & Regulations for the proposed institution.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">However, the major challenge was to co-opt seven promoters for the registration of the institution under the Societies Registration Act XXI of 1860. After relentless efforts, Shri Goel succeeded in getting the cooperation of prominent figures, who not only agreed to become promoters but also office-bearers.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Finally, on 2nd October 1968, the Institution commenced its journey, coinciding with the birth anniversary of Mahatma Gandhi, the revered Father of the Nation.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">To ensure the institution's success, Shri Goel spared no effort. He printed application forms, circulated circular letters, and reached out to government-approved valuers across India. His leadership qualities were evident as he followed up with each valuer on receiving delayed or no responses, motivating them to join the institution.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Instead of allowing failure to define him, he chose to view it as an opportunity for introspection and growth. This can be easily visioned through his life which was not a bed of roses but of thorns too as during all this, he had to face brickbats, hurdles/vagaries, even inquiries, Court cases, House Searches etc. But he stood firm like a rock.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">The first session and seminar of the Institution of Valuers, inaugurated by Hon'ble Shri P. C. Sethi, the then Minister of State for Finance, marked a significant milestone. Holding and managing important events and annual Seminars at different places was his expertise as Hon'y General Secretary. He continued to enthuse Valuer members to expand their field of activities, conduct Seminars and Workshops so that they frequently met in numbers and developed keen ship and brotherhood.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Compared to today’s digital age, wherein spreading out something is as easy as eye blinking, Shri Goel's marketing skills were commendable in that era. His only means of communication is \"Indian Valuer\". The publication of the monthly journal under his guidance became a vital means of communication, promoting transparency and knowledge-sharing among members. It can be seen through his style of journal that he preferred to keep transparent communication with his members who have reposed trust on him. If you get the chance to read his memoirs, you will not read an old journal, but a one-on-one communication by him to us.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">For any Institution, the most important thing is finance and fiscal condition. Shri Goel, being a strict Administrator, had complete control over the finances and built up a robust position by attaining respectable balances. It is well-nigh obvious by glancing at the financial Audited statements presented at the Annual Seminar by none other than the General Secretary.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Moreover, he didn’t only want to collect all valuers at one place for the allotment of membership but to ensure policy advocacy for them. He rigorously corresponded with concerned departments to recognize the membership of the Institution as sufficient qualification for the appointment of Valuers.\u003C/span>\u003C/p>\u003Cbr>\u003Cbr>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Today, the Institution of Valuers boasts more than 35,000 qualified and experienced members, making it one of the top professional institutions globally. Shri Goel's hard work, persistence, dedication, and selflessness have borne fruit, benefiting both the public and the government.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Don’t you think that he could have been an icon and towering Valuer himself through his perseverance as well as through the nationwide Institution founded by him. However, he preferred a back seat and selflessly helped the array of distinguished Valuers to attain iconic status. He never took enmity with anybody and refrained from taking any sides. His role remained active but without a passion for name, fame, and money. Thus, he was the creator without worldly possessions.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">So, what did he want? I think he wanted the valuers to nurture the integrity and professionalism of their profession, ensuring its growth and recognition. Towards this objective only, from the very first day of forming this institution, he has prepared a \u003C/span>\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Code of Conduct to be followed by members\u003C/span>\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\"> which will bind them to observe integrity and fair play in the practice of the profession of valuation and refrain from indulging in activities not befitting the profession.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Let's find out some major learnings we can derive from his journey:-\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">1. Persistence Prevails: Like a beacon, P. C. Goel's life illuminates the power of persistence, showing us that even amidst challenges, staying committed to one's vision can lead to extraordinary outcomes.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">2. Visionary Leadership: His life teaches us that true leaders don't just lead; they envision and inspire.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">3. Service Above Self: Through his selfless dedication, he exemplified the principle of service above self, reminding us that our actions should aim to benefit others and the community at large.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">4. Innovation Knows No Bounds: From conceiving new ideas to founding institutions, his innovative spirit transformed dreams into reality.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">5. Learning is Lifelong: His life journey emphasizes that learning is a lifelong process. Despite challenges, setbacks, or successes, there's always room for growth and learning.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">6. Teamwork Triumphs: He showed us that when individuals come together with a shared purpose, remarkable achievements follow.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">7. Integrity is Non-negotiable: His life underscores that maintaining integrity, honesty, and ethical conduct is non-negotiable for success.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">8. Resilience Reshapes Reality: His life teaches us that setbacks are temporary, and resilience reshapes reality, turning obstacles into opportunities.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">9. Legacy Lives On: Even after his physical presence, P.C. Goel's legacy lives on, reminding us that the impact of our actions extends far beyond our lifetime.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">10. Inspiration is Infinite: Lastly, his life serves as a timeless source of inspiration, reminding us that ordinary individuals can achieve extraordinary feats with passion, perseverance, and purpose.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">\"Even after three years in IOV, I'm continually amazed by P.C. Goel's stories and writings. Though I never had the chance to work with him directly, his revolutionary ideas and every step he took towards their realization have left an indelible mark on me. His contributions to the valuation profession are unparalleled. Each day, I find myself in awe of the profound impact he has had. Whether you admire him or not, hearing about his life is sure to give you goosebumps. He's shown us that a single revolutionary idea and every step towards that vision can change the world. \u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: justify;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">Each chapter of his life is a testament to the power of the human spirit and the impact one individual can have on the lives of many. So, let's cherish his legacy and continue to draw inspiration from his remarkable journey, knowing that every step we take towards his vision can indeed change the world.\u003C/span>\u003C/p>\u003Cbr>\u003Cp dir=\"ltr\" style=\"line-height:1.2;text-align: center;margin-top:0pt;margin-bottom:0pt;\">\u003Cspan style=\"font-size:13.999999999999998pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;\">\"P. C. Goel's legacy cannot be written in words but in the hearts of those who carry forward his vision and echo his excellence.\"\u003C/span>\u003C/p>\u003C/strong>\u003C/p>\u003Cp>\u003C/p>\u003Cp>\u003C/p>\u003Cp>\u003C/p>\u003Cp>\u003C/p>\u003Cbr class=\"Apple-interchange-newline\">","image-338805.jpg","2024-09-02T10:29:40.000Z","2024-12-26T09:24:01.000Z",{"name":20},{"id":51,"user_id":5,"is_deleted":10,"category_id":11,"title":52,"short_desc":53,"long_desc":54,"image":55,"author_name":56,"status":5,"created_at":57,"updated_at":58,"category":59},2,"Tracing the Footprints: P. C. Goel's Vision for the Valuation Profession","Perhaps this is what inspired him to craft the aim for the Institution of Valuers: \"To see that every valuer member is mobilized to the full in the battle to build India and to win for him proper recognition and reward.\"","\u003Cp>\u003C/p>\u003Cp>\u003Cstrong>Tracing the Footprints:\u003C/strong>\u003C/p>\u003Cp>\u003Cstrong>P. C. Goel's Vision for the Valuation Profession\u003C/strong>\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>P - Pioneer: C - Contributor: G - Guiding Light: O - Optimist: E - Educator: L – Leader\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>\"यस्यादेवेपराभक्तिर्यथादेवेतथागुरौ।तस्यैतेकथिताह्यर्थाःप्रकाशन्तेमहात्मनः॥\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>PCG – A man of determination and honesty, who has not only built the \u003Cstrong>\"CULTURE of Valuation in the Global Economy but also CULTIVATED it to a great extent.\"\u003C/strong>\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>What can we say about a man who not only dreamed of transforming a societal need into a well-respected and dignified profession but also worked tirelessly to turn that dream into reality?\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>It is said that if you give a hungry person a fish, you feed them for a day. But if you teach them to fish, you feed them for a lifetime, along with their peers and future generations.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>Perhaps this is what inspired him to craft the aim for the Institution of Valuers: \u003Cstrong>\"To see that every valuer member is mobilized to the full in the battle to build India and to win for him proper recognition and reward.\"\u003C/strong>\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>We all have heard about his story; while in England, he conceived the idea of something unique for Indian Engineers, Architects, and technocrats, giving it the third dimension in the form of the Institution of Chartered Engineer in 1961, and then the most distinguished and prestigious Institution of Valuers in 1968.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>But was it as simple as that? Was it just enough to establish such a remarkable institution, one that continues to thrive like a banyan tree, even after his passing? The answer is a resounding NO. So, let's delve deeper into some unheard stories of the establishment of IOV:\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>In 1968, the passing of the Finance Bill, 1967, made it mandatory for people to get their movable and immovable assets valued for Wealth Tax and Income Tax purposes. However, there were only thirteen Government Approved Valuers under the Estate Duty Act practicing throughout North India. With such a heavy workload on their shoulders, there was a dire need for more valuers.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>It was against this backdrop that Shri P. C. Goel, one of the Government Approved Valuers, envisioned setting up a professional Institution for Valuers in India. He believed that such an institution would not only regulate and maintain high standards of valuation work but would also assist the government and the public in valuation tasks required for various purposes. His vision was to bring qualified valuers under one banner and provide them with a platform.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>To turn his vision into reality, he immediately named the institution \"Institution of Valuers\" and got it approved by the Registrar of Societies. With the help of well-wishers, council members, and his dedicated team, he prepared the Memorandum of Association and Rules & Regulations for the proposed institution.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>However, the major challenge was to co-opt seven promoters for the registration of the institution under the Societies Registration Act XXI of 1860. After relentless efforts, Shri Goel succeeded in getting the cooperation of prominent figures, who not only agreed to become promoters but also office-bearers.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>Finally, on 2nd October 1968, the Institution commenced its journey, coinciding with the birth anniversary of Mahatma Gandhi, the revered Father of the Nation.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>To ensure the institution's success, Shri Goel spared no effort. He printed application forms, circulated circular letters, and reached out to government-approved valuers across India. His leadership qualities were evident as he followed up with each valuer on receiving delayed or no responses, motivating them to join the institution.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>Instead of allowing failure to define him, he chose to view it as an opportunity for introspection and growth. This can be easily visioned through his life which was not a bed of roses but of thorns too as during all this, he had to face brickbats, hurdles/vagaries, even inquiries, Court cases, House Searches etc. But he stood firm like a rock.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>The first session and seminar of the Institution of Valuers, inaugurated by Hon'ble Shri P. C. Sethi, the then Minister of State for Finance, marked a significant milestone. Holding and managing important events and annual Seminars at different places was his expertise as Hon'y General Secretary. He continued to enthuse Valuer members to expand their field of activities, conduct Seminars and Workshops so that they frequently met in numbers and developed keen ship and brotherhood.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>Compared to today’s digital age, wherein spreading out something is as easy as eye blinking, Shri Goel's marketing skills were commendable in that era. His only means of communication is \"Indian Valuer\". The publication of the monthly journal under his guidance became a vital means of communication, promoting transparency and knowledge-sharing among members. It can be seen through his style of journal that he preferred to keep transparent communication with his members who have reposed trust on him. If you get the chance to read his memoirs, you will not read an old journal, but a one-on-one communication by him to us.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>For any Institution, the most important thing is finance and fiscal condition. Shri Goel, being a strict Administrator, had complete control over the finances and built up a robust position by attaining respectable balances. It is well-nigh obvious by glancing at the financial Audited statements presented at the Annual Seminar by none other than the General Secretary.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>Moreover, he didn’t only want to collect all valuers at one place for the allotment of membership but to ensure policy advocacy for them. He rigorously corresponded with concerned departments to recognize the membership of the Institution as sufficient qualification for the appointment of Valuers.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003Cbr>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>Today, the Institution of Valuers boasts more than 35,000 qualified and experienced members, making it one of the top professional institutions globally. Shri Goel's hard work, persistence, dedication, and selflessness have borne fruit, benefiting both the public and the government.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>\u003Cstrong>Don’t you think that he could have been an icon and towering Valuer himself through his perseverance as well as through the nationwide Institution founded by him. However, he preferred a back seat and selflessly helped the array of distinguished Valuers to attain iconic status. He never took enmity with anybody and refrained from taking any sides. His role remained active but without a passion for name, fame, and money. Thus, he was the creator without worldly possessions.\u003C/strong>\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>So, what did he want? I think he wanted the valuers to nurture the integrity and professionalism of their profession, ensuring its growth and recognition. Towards this objective only, from the very first day of forming this institution, he has prepared a \u003Cstrong>Code of Conduct to be followed by members\u003C/strong> which will bind them to observe integrity and fair play in the practice of the profession of valuation and refrain from indulging in activities not befitting the profession.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>Let's find out some major learnings we can derive from his journey:-\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>1. Persistence Prevails: Like a beacon, P. C. Goel's life illuminates the power of persistence, showing us that even amidst challenges, staying committed to one's vision can lead to extraordinary outcomes.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>2. Visionary Leadership: His life teaches us that true leaders don't just lead; they envision and inspire.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>3. Service Above Self: Through his selfless dedication, he exemplified the principle of service above self, reminding us that our actions should aim to benefit others and the community at large.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>4. Innovation Knows No Bounds: From conceiving new ideas to founding institutions, his innovative spirit transformed dreams into reality.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>5. Learning is Lifelong: His life journey emphasizes that learning is a lifelong process. Despite challenges, setbacks, or successes, there's always room for growth and learning.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>6. Teamwork Triumphs: He showed us that when individuals come together with a shared purpose, remarkable achievements follow.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>7. Integrity is Non-negotiable: His life underscores that maintaining integrity, honesty, and ethical conduct is non-negotiable for success.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>8. Resilience Reshapes Reality: His life teaches us that setbacks are temporary, and resilience reshapes reality, turning obstacles into opportunities.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>9. Legacy Lives On: Even after his physical presence, P.C. Goel's legacy lives on, reminding us that the impact of our actions extends far beyond our lifetime.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>10. Inspiration is Infinite: Lastly, his life serves as a timeless source of inspiration, reminding us that ordinary individuals can achieve extraordinary feats with passion, perseverance, and purpose.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>\u003Cstrong>\"Even after three years in IOV, I'm continually amazed by P.C. Goel's stories and writings. Though I never had the chance to work with him directly, his revolutionary ideas and every step he took towards their realization have left an indelible mark on me. His contributions to the valuation profession are unparalleled. Each day, I find myself in awe of the profound impact he has had. Whether you admire him or not, hearing about his life is sure to give you goosebumps. He's shown us that a single revolutionary idea and every step towards that vision can change the world. \u003C/strong>\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>Each chapter of his life is a testament to the power of the human spirit and the impact one individual can have on the lives of many. So, let's cherish his legacy and continue to draw inspiration from his remarkable journey, knowing that every step we take towards his vision can indeed change the world.\u003C/p>\u003Cp>\u003Cstrong>\u003Cbr>\u003C/strong>\u003C/p>\u003Cp>\u003Cstrong>\"P. C. Goel's legacy cannot be written in words but in the hearts of those who carry forward his vision and echo his excellence.\"\u003C/strong>\u003C/p>","image-700952.jpg","Ms Sohale Gupta","2024-09-02T10:28:31.000Z","2026-03-17T13:15:40.000Z",{"name":20},{"s":10,"msg":61,"data":62},"NA",""]