EMPANELMENT OF VALUERS FOR VALUATING IMMOVABLE PROPERTIES OF NOTIFIED PARTIES UNDER THE SPECIAL COURT (TORTS) ACT 1992
NEW DELHI: OFFICE OF THE CUSTODIAN, THE SPECIAL COURT (TORTS) ACT, 1992, ROOM NO. 15, 4TH FLOOR, JEEVAN DEEP BUILDING, MINISTRY OF FINANCE, PARLIAMENT STREET, NEW DELHI – 110001 VIA ITS NOTICE NUMBER No. Cus/Admn/Emp./Valuers/2013 (5793) Vol. II Dated: 20th March, 2023 ASKS EOI FOR Empanelment of Valuers for valuating immovable properties of notified parties under the Special Court (TORTS) Act, 1992.
The Office of the Custodian is inviting applications for empanelment of Valuers for valuating the immovable properties attached under the provisions of the Special Court (Trial Offences Relating to Transactions in Securities) Act, 1992 located at Mumbai and Delhi.
The job of this office involves handling legal matters relating to securities scam of 1992 pending in Special Court, Bombay and Supreme Court; management of assets (movable and immovable properties) of the notified parties; liquidation of assets and further distribution thereof to the Government, Banks, Financial Institutions and others as per direction of the Special Court.
The interested Valuers/companies, having registration under Wealth Tax Act, 1961 and already on the panel of Government Departments/Public Sector Banks/LIC etc. may send their applications in the prescribed format alongwith requisite documents and rates as per Clause 4 and 5 of terms and conditions as contained in Annexure –‘A’ to Shri Alok Jagbharia, Under Secretary, Office of the Custodian, Special Court (TORTS) Act, 1992, Room No. 15, 4th floor, Jeevan Deep Building Ministry of Finance, Parliament Street, New Delhi – 110001 in a ‘sealed envelope’. The envelope containing applications should have superscribed “Empanelment of Valuer” at the top of the envelope
Terms & Conditions:- The terms and conditions for empanelment of Valuers are as under:
4.1 The Valuer should be registered under the Wealth Tax Act, 1957/Income Tax Act, 1961 and empaneled in Government Departments/Public Sector Banks/LIC etc.
The Valuer will have to provide the documentary proof of Registration Number alongwith the validity period of registration.
4.2 The Valuer should have at least 3 years experience of conducting valuation of immovable properties on behalf of the Government Departments/Public Sector Banks/LIC Housing etc.
4.3 The Valuer should submit documentary evidence (Work order) in support of conducting the valuation as contained in Clause 4.2.
4.4 The Valuer should specifically indicate the name of places (Mumbai or Delhi) for which they are interested to valuate the immovable properties of notified parties under the said Act.
4.5 No conditional offer shall be accepted.
4.6 The Custodian reserves the right to accept or reject any offer without assigning any reason.
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