NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
RIGHT TO FAIR COMPENSATION IN LAND ACQUISITION The right to fair compensation in land acquisition has been a contentious issue in many countries, where the government or private entities acquire land for public purposes such as infrastructure projects, industrial development, or urbanization. Land acquisition often involves displacing people from their homes and livelihoods, and the […]
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GENERAL BUILDING RULES AND REGULATIONS General Building Rules and Regulations: Ensuring Safety and Quality Building rules and regulations are crucial in ensuring the safety and quality of construction projects. These regulations are put in place to protect both the builders and the occupants of the buildings. They set standards for design, construction, and maintenance, and
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DIFFERENCE BETWEEN SINGLE ENTRY SYSTEM AND DOUBLE ENTRY SYSTEM Single Entry System and Double Entry System are two different methods of bookkeeping. Single entry system is a simple method of bookkeeping that records only one aspect of a transaction, while Double entry system is a more complex method that records both aspects of a transaction.
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DOUBLE ENTRY BOOK-KEEPING AND STEPS INVOLVED IN DOUBLE ENTRY BOOKKEEPING Double entry bookkeeping is a system of recording financial transactions in which every transaction is recorded in at least two accounts, with equal and opposite debits and credits. This system is used by businesses to keep track of their financial activities and ensure accuracy in
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GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) – GUIDELINES & POLICIES Generally Accepted Accounting Principles (GAAP) are a set of guidelines and policies that dictate how financial statements should be prepared and presented. GAAP is a collection of principles, concepts, and rules that govern financial accounting, including the preparation and presentation of financial statements. The primary purpose
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MEANING AND OBJECTS OF BOOK-KEEPING Bookkeeping is the process of recording financial transactions of a business in an organized and systematic manner. The primary objective of bookkeeping is to provide an accurate picture of a company’s financial health, allowing business owners and managers to make informed decisions. In this article, we will discuss the meaning
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SCALE OF FEES TO BE CHARGED BY A REGISTERED VALUER UNDER RULE 8C OF WEALTH TAX ACT [Scale of fees to be charged by a registered valuer. 8C. (1) Subject to the provisions of sub-rules (2) and (3), the fees to be charged by a registered valuer for valuation of any asset shall not exceed the
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LAW AND PRACTICE OF MOTOR INSURANCE IN INDIA Motor insurance in India is regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and governed by the Motor Vehicles Act, 1988. The law requires all motor vehicles to have valid insurance coverage before they can be driven on public roads. Types of Motor Insurance
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STEP BY STEP PROCEDURE FOR REGISTRATION AS VALUER IN IBBI STEP 01- Seek primary membership (Valuer Member) with a Registered Valuers Organisation (RVO). NB: On receipt of application, RVO will scrutinise the application to ensure that the same conforms to the requirements for registration, inter alia including provisions under rule 3 and rule 4 of
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HISTORY OF MOTOR INSURANCE AND PRINCIPLES OF INSURANCE History of Motor Insurance: Motor insurance has a long history that dates back to the late 1800s. The first motor insurance policy was issued in 1895 by the Railway Passenger Assurance Company, which was later renamed as the Royal Automobile Club. In the early days, motor insurance
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MARINE INSURANCE ACT AND ITS IMPORTANT FEATURES The Marine Insurance Act is a law that governs marine insurance in many countries, including the United Kingdom. It was first introduced in 1906 and has been updated several times since then. The act provides a framework for marine insurance contracts, setting out the rights and obligations of
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HISTORY OF INSURANCE Insurance is a concept that has been around for centuries. It originated as a way for merchants to protect their goods during long and treacherous sea voyages. Over time, the idea of insurance has evolved to include protection against a wide range of risks and dangers. The history of insurance can be
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