NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
MINIMUM STEPS & COMPLIANCES TO BE FOLLOWED BY AN RV IN SHORT: DURING A FINANCIAL YEAR AFTER DOING ANY VALUATION REPORT-AN OVERVIEW THEY NEED TO FOLLOW THE FOLLOWING SIMPLE COMMON PROCEDURE & STEPS: IN SHORT FOR NEWCOMERS APPOINTMENT LETTER OF ASSIGNMENT LETTER TO BE TAKEN FROM CLIENT MENTIONING FULL TERMS & CONDITIONS OF ENGAGEMENT. SITE […]
STUBBLE BURNING ADMINISTRATION IMPOSES ENVIRONMENTAL COMPENSATION WORTH Rs. 5K IN TWO CASES AFTER CONFIRMATION DC GHANSHYAM THORI URGES FARMERS TO SHUN STUBBLE BURNING PRACTICES AS IT MAY WORSEN AIR POLLUTION & HEALTH CONDITIONS Jalandhar, April 24- (TECHNO NEWS): Adopting a tough stance against the stubble burning practices, District Administration Jalandhar has imposed an environmental compensation worth Rs.
III. Asset-class wise sample of disclaimers The Rules provide for three asset classes of land and building, plant and machinery and securities or financial assets. In this section, a few sample disclaimers have been provided for each asset class. A. Land and Building i. I/We have not verified the title deeds of the properties with
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3.6 Illustrative Caveats Limitations and Disclaimers in a Valuation Report not to be used i. Business Plan/forecasts received from client: RV giving a disclaimer for the business plan/forecasts received from client without applying test of reasonability and due diligence. ii. Physical Verification: RV giving a disclaimer that he has not physically verified the tangible assets
3.5 Illustrative Limitations in a Valuation Report specific to Tangible Assets i. Title deeds of properties We have not verified the title deeds of the properties with the records of registrar’s office as this is beyond the agreed scope of our services stated in our engagement letter. ii. Legal and other issues Our valuation is
3.4 Illustrative Caveats, Limitations and Disclaimers in a Valuation Report An illustrative list, which is common for all type of asset, is provided below: i. Restriction on use of Valuation Report This document has been prepared for the purposes stated herein and should not be relied upon for any other purpose. Our client is the
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3.2 Procedures involved in the preparation of a valuation report i. The procedures adopted in carrying out a valuation may vary with circumstances, nature and purpose of valuation as well as information and time available. The principal procedures adopted by the RV in carrying out the valuation should be set out briefly in the report.
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3.1 Contents of a Valuation Report Considering the interests of stakeholders and the need for transparency and principles of good corporate governance, the under noted matters should compulsorily be covered in the Valuation Report, in a clear, unambiguous and non-misleading manner, consistent with the need to maintain confidentiality: Understanding the Guidelines on Use of Limitations,
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II. Guidance Note on Limitations, Caveats and Disclaimers 1. In general, valuation is required in the context of the following: a) consummation of certain transactions like acquisition, disposal, merger, amalgamation; b) internal decision making/Corporate Governance; c) regulatory Compliance: Companies Act, SEBI Regulations, Income Tax, Wealth Tax, FEMA, etc.; d) fund Mobilisation – both equity and
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Saturday Brain Storming Thought (162) 23/04/2022 PROJECT AFFECTED PERSON (PAP) Project affected person (PAP) means the people directly affected by land acquisition for a community project through loss of part or all of their assets whether temporarily or permanently including land, houses, other structures, businesses, crops/trees, or other types of assets Categories of PAP 1)
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KIND ATTENTION CEV IAF RVO CELEBRATING AZADI KA AMRIT MAHOTSAV CEV ANNOUNCES 8 HOURS CEP PROGRAM 6 CEP CREDIT POINTS WILL BE AWARDED TO EACH PARTICIPANT Topics To Be Covered… 1. BEST PRACTICES IN VALUATION AND VALUATION PRINCIPLES 2. GENERAL COMPLIANCES AS RV FOR PRACTICE HOW TO DRAFT A PERFECT VALUATION REPORT & PEER REVIEW
PNB LIST OF APPROVED VALUERS SASTRA DIVISION CIRCULAR NO. 18/2022 APPROVED PANEL OF VALUERS The entire panel of valuers was revamped for PNB 2.0 and revamped panel of valuers comprising (i) Valuers having registration under Wealth Tax Act (ii) Valuers not having registration under Wealth Tax Act, was last approved by the Board in its
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