NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 13.09.2023 Ten Case Laws relevant to panel valuers in the observation of the courts : 1. A valuer is not an expert to test the genuineness of the documents. – L.N. Rajagopalan Vs State – CRL.R.C.No. 1063 of 2008 – Madras High court 10.08.2009. 2. […]
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 12.09.2023 Ten points relevant to panel valuers in the observation of the courts : 1. A valuer is not an expert to test the genuineness of the documents. 2. A valuer is not competent to certify the genuineness of the title. 3. A valuer is
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 11.09.2023 Ten points to be remembered by a registered valuer when he wants to do valuation for capital gains : 1. Before accepting the valuation assignment, the valuer must know clearly for what section of Income Tax Act, he is required to do valuation. 2.
KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 10.09.2023 Ten points to be borne in mind while valuing a flat : 1. The market value of a flat depends on i) location of apartment building in total ii) location of the specific floor in the apartment building iii) location of the flat in
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 09.09.2023 Ten 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 property is a SARFAESI compliant property. 3.
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IMPORTANT QUESTION WITH ANSWERS RELATED TO DEMAND AND SUPPLY What is the law of demand? a) As price increases, demand increases b) As price increases, demand decreases c) As price increases, supply decreases d) As price increases, supply increases Answer: b) As price increases, demand decreases What does the demand curve represent? a) The relationship
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IMPORTANT QUESTION WITH ANSWERS RELATED TO REPLACEMENT COST AND REPRODUCTION COST What is the replacement cost of an asset? A) The cost to buy a brand-new asset B) The cost to repair the existing asset C) The market value of the asset D) The original purchase price of the asset Answer: A) The cost
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 08.09.2023 Ten points to be remembered by a panel valuer when he wants to do valuation for collateral securities : 1. Value varies with purpose. The purpose of valuation for collateral security is to certify mainly the present market value. Insist for an engagement letter
KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 07.09.2023 Ten points to be remembered by a panel valuer when he wants to do valuation for primary securities : 1. Value varies with purpose. The purpose of valuation of primary securities (in most of the times) is to certify the cost. 2. Primary security
IMPORTANT QUESTION WITH ANSWERS RELATED TO LAW OF ARBITRATION AND CONCILIATION 1. What is the primary purpose of arbitration in dispute resolution? a) To establish guilt b) To maintain confidentiality c) To reach a mutually agreed settlement d) To create a public record Answer: c) To reach a mutually agreed settlement 2. Which international organization
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IMPORTANT QUESTION WITH ANSWERS RELATED TO LAWS OF CONTRACT What is the minimum age required for a person to enter into a contract in India? a) 16 years b) 18 years c) 21 years d) 25 years Answer: b) 18 years Which section of the Indian Contract Act, 1872 deals with the definition of a
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 06.09.2023 Ten points to be noted with regard to IVS : 1. IVS stands for International Valuation Standards having its head quarters in United Kingdom. 2. IVS revises the standards periodically. 3. Though there are 8 assets standards as per IVS 2022, the standards connected
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