NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 14.03.2023 Points to be remembered by a SARFAESI valuer : 1. Value varies with purpose. The purpose of valuation under SARFAESI act is to certify the auction value. 2. Before undertaking the assignment, ascertain first whether the said property under valuation […]
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 13.03.2023 Question : This is a case of mortgage loan security. A property was sanctioned as residential units and now it is converted to lodging. Can we give valuation for it?. If yes how?. This property is already mortgaged with the
HOW TO ISSUE VALUATION FOR VIOLATION OF CHANGE OF LAND USE Read More »
KIND ATTENTION CEV ANNOUNCES CEP PROGRAM FOR FY-2023-24 NEW DELHI (MARCH-14, 2023): CEV IAF RVO ANNOUNCES ITS CEP PROGRAMS FOR MEMBERS IN THE NEW FINANCIAL YEAR FOR 2023-2024 ONLY 100 CANDIDATES ARE ALLOWED.IMPORTANT TOPICS: FREE OF COST FOR ALL RETAINERS WITH VALID COP. NECESSARY CEP CREDIT POINTS WILL BE AWARDED TO EACH PARTICIPANT. NO FEE
MEANING OF INDEMNITIES An indemnity is a legal agreement where one party agrees to compensate or reimburse another party for any losses or damages that may occur. The indemnity clause is often included in contracts, insurance policies, and other legal documents to protect one or both parties from financial loss. There are different types of
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BANK GUARANTEES A bank guarantee is a type of financial instrument provided by a bank or other financial institution to guarantee payment to a beneficiary in case of default by the borrower. It is a promise made by the bank to pay a specified amount of money to the beneficiary if the borrower fails to
BANKERS BOOKS EVIDENCE ACT, 1891 The Bankers Books Evidence Act, 1891 is an Indian law that provides a mechanism for admitting bank documents as evidence in legal proceedings. The Act was passed on March 28, 1891, and it applies to all banks in India, including the Reserve Bank of India. Under the Act, a certified
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PAYMENT & SETTLEMENTS SYSTEMS ACT, 2007 The Payment and Settlements Systems Act, 2007 is a law passed by the Indian government to provide a legal framework for the regulation and supervision of payment systems in India. The act aims to ensure the safety and efficiency of payment systems and promote the development of electronic payments.
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DEFINITION AND FEATURES OF A COMPANY A company is a legal entity that is formed to conduct business activities, such as producing and selling goods or providing services, with the aim of making a profit. Companies can be either public or private, and they can be organized in various forms, such as sole proprietorships, partnerships,
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