NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
DIFFERENCE BETWEEN CRIME AND CIVIL WRONG AS PER LAW OF TORTS Civil wrongs involve disputes between individuals seeking compensation for harm or injury, while crimes are offenses against society as a whole that are prosecuted by the state and can result in criminal penalties. The burden of proof and the nature of the consequences differ […]
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WELCOME MESSAGE FROM CEV IAF RVO APPLICATION FORMS, GENERAL INSTRUCTIONS & PROTOCOLS FOR MEP PARTICIPANTS Dear Participant, Sir/Madam Welcome, & thanks for your interest in joining the CEV IAF RVO the youngest charitable & most dynamic Registered Valuers Organisation in India. Please complete the following formalities to enable us to process your Application at the
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Dear Sir/Madam Welcome & thanks for your interest in joining the Council of Engineers and Valuers the youngest charitable & most dynamic organisation of Engineers & Valuers of India. We have received your online Application for Membership and the same is under process & Your temporary enrollment number for all future reference is CEV/SM/NEW-AF/AMIE/CIVIL/LB/PM subject
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DIFFERENCE BETWEEN NUISANCE & TRESPASS AS PER LAW OF TORTS Nuisance: Nuisance refers to the unreasonable interference with a person’s use or enjoyment of their property. It can be categorized into private nuisance (affecting an individual) or public nuisance (affecting the general public). Examples include excessive noise, pollution, and obstruction of rights of way. Trespass:
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UNDERSTANDING THE MEANING OF DEFAMATION AS IN LAW OF TORTS Defamation: Defamation is another tort in India. It involves making false statements that harm the reputation of an individual or entity. Defamation can be in the form of spoken words (slander) or written words (libel). To establish a claim of defamation, the plaintiff needs to
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RV’s ESSENTIAL DOCUMENTS KIT FOR EVERY REGISTERED VALUER OF CEV IAF RVO THE KIT OF IMPORTANT ESSENTIAL DOCUMENTS & SUBMISSION OF HYRs FOR FY 2024-2025 ONLY M-1. ANNUAL MEMBERSHIP FEE TO BE PAID BY ALL RVs ADHERING TO BYE-LAW 11 THE COMPANIES (REGISTERED VALUERS AND VALUATION) RULES, 2017. BYE-LAWS OF A REGISTERED VALUERS ORGANISATION. Membership
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WHAT HAPPENED TO A VALUER IF PROPERTY BECOME NPA When a property becomes a Non-Performing Asset (NPA), it typically means that the borrower has defaulted on their loan payments, and the property’s value is at risk. For a valuer or appraiser, this situation involves several potential impacts: Revaluation: The valuer might be tasked with reassessing
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UNDERSTANDING ESSENTIAL ELEMENTS OF CONTRACT Meaning of Contract: A contract is defined as an agreement enforceable by law. An agreement that is not enforceable by law is not considered a contract. Essential Elements of a Valid Contract Section 10 of the Indian Contract Act, 1872 provides that “all agreements are contracts if they are made
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Saturday Brain Storming Thought (237) 24/08/2024 NOT READILY REALISABLE ASSETS (NRRA) Assets that are not easily convertible to cash and could take an indefinite waiting period for realization are called Not Readily Realisable Assets (NRRA) Regulation 37A 1 of the IBBI (Liquidation Process) Regulations, 2016 It defines NRRA as those assets in the liquidation estate
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UNDERSTANDING VARIOUS CLASSES OF HEIRS AS PER HINDU SUCCESSION ACT, 1956 Intestate Succession The Hindu Succession Act, 1956, was passed to amend and consolidate the law relating to intestate succession among Hindus. It extends and applies to all persons, who practice the religion or who are defined as Hindus (Hindus, Buddhists, Jains, and Sikhs) under
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UNDERSTANDING AGNATES, COGNATES, AND COLLATERALS AS PER HINDU SUCCESSION ACT, 1956 Under the Hindu Succession Act, 1956, the terms Agnates, Cognates, and Collaterals refer to different categories of relatives that are used to determine the order of inheritance. Agnates: Relatives connected solely through male lineage. They have the highest priority for inheritance under Hindu law.
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UNDERSTANDING VARIOUS BLOOD RELATIONS AS PER HINDU SUCCESSION ACT, 1956 The Hindu Succession Act, 1956, outlines the rules for inheritance and succession among Hindus. In terms of blood relations, it categorizes them into different degrees, and these are essential for determining inheritance rights. Full Blood: Relatives who share both parents with the deceased and have
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