NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
DIFFERENCE BETWEEN DISSOLUTION OF PARTNERSHIP AND DISSOLUTION OF FIRM Definition of Dissolution of Partnership Partnership implies the abstract legal relation that exists between the partners. Dissolution of Partnership is, therefore, the termination of the relation between the partners. This may take place due to the retirement or incapacity of a partner due to insanity, death […]
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DIFFERENCE BETWEEN EXPLICIT COST AND IMPLICIT COST Definition of Explicit Cost It refers to the expenditure incurred by the producer to buy the inputs from the market. For example, the purchase of raw materials, labor from the market, etc. It can be measured as the cash payments that a firm makes to others for the
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PROJECT AFFECTED PERSON (PAP)-ALL YOU NEED TO KNOW 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) Directly affected
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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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3.5 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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Understanding the Guidelines on Use of Limitations, Caveats and Disclaimers by the Registered Valuers in Valuation Reports Insolvency and Bankruptcy Board of India having office at 7th Floor, Mayur Bhawan, New Delhi – 110001 issued Guidelines on Use of Limitations, Caveats and Disclaimers by the Registered Valuers in Valuation Reports on 1st September, 2020, Some
MONEY LAUNDERING Money Laundering is the generic term used to describe the process by which criminals disguise the original ownership and control of the proceeds of criminal conduct by making such proceeds appear to have derived from a legitimate source. The processes by which criminally derived property may be laundered are extensive Money laundering with
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TYPICAL SOLVED CASE STUDY ON LICENCE AGREEMENT FOR LAND N BUILDINGS ASSET CLASS FOR EXAMINATION PURPOSES SHARED FOR KNOWLEDGE GAIN PURPOSES ONLY A residential apartment building in a high-class locality was licensed in Aug. 2015 for 3 years. The area of the apartment is 2500 sq. ft. and license compensation was fixed @ Rs. 2,00,000/-