NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
BENAMI TRANSACTIONS ALL THAT VALUERS NEED TO KNOW Benami transactions or Benami property would be one where a person’s own name is not used but the name of another person or a fictitious person is used instead. Benami Transactions (Prohibition) Act, 1988 It is an Act of the parliament of India that prohibits certain types […]
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MEANING AND DIFFERENCE BETWEEN PRIVATE LIMITED AND PUBLIC LIMITED COMPANY There are many types of companies, the most popular form are; private limited and public limited companies. Both have their own advantages and disadvantages. Therefore, an entrepreneur will have to choose the type of company depending upon the funding plans. According to the Companies Act,
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DIFFERENCE BETWEEN VALUE ANALYSIS AND VALUE ENGINEERING Value Engineering Value Engineering is concerned with new products. It is applied during product development. The focus is on reducing costs, improving function, or both, by way of teamwork-based product evaluation and analysis. This takes place before any capital is invested in tooling, plant, or equipment. This is very
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MEANING, IMPORTANCE AND FORMULA OF DEVELOPMENT LENGTH The primary purpose of lap length and development length, anchorage length, is to provide sufficient bond strength between reinforcement and concrete but in different situations. Development length depends upon the grade of concrete mix, reinforcement grade and diameter. Development Length: A development length can be defined as the amount
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ALTERNATIVE DISPUTE RESOLUTION AND ITS TYPES Alternative Dispute Resolution is a method of dispute resolution that is non-adversarial, i.e. working together considerately to reach the best declaration for everyone. Alternative Dispute Resolution can be involved in sinking the burden of litigation on courts, even as delivering a well-formed and gratifying understanding for the parties concerned.It
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VALUATION OF UNSOLD FLATS AS SECURITY PURPOSE – PROCEDURE B. Kanaga Sabapathy, Tiruchirappalli At the time of launching the project, the promoter is under the expectation that all the flats would be booked and he can proceed with the construction activities easily with the money he can obtain from the flat buyers. But when the
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MEMORANDUM OF SALE- ALL THAT VALUERS NEED TO KNOW A memorandum of sale is a document that is created once a sale has been agreed on a property. It’s not a legally binding document but it does set out the agreed price and declares the intention of both the buyer and seller to complete the
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MEANING AND RULES OF AUCTION SALE An auction sale is a public sale. The goods are sold to all members of the public at large who are assembled in one place for the auction. Such interested buyers are the bidders. The price they are offering for the goods is the bid. And the goods will
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CONDUCT OF ARBITRAL PROCEEDINGS The arbitration process has become a powerful tool to bring business disputes to an end. The Arbitration and Conciliation Act, 1996 (hereinafter referred to as “the Act”) was enacted to consolidate, codify and amend the laws pertaining to domestic as well as international commercial arbitration and enforcement of foreign awards. The
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SARFEASI ACT AND ITS FEATURES – ALL VALUERS NEED TO KNOW SARFAESI Act 2002 was passed on seventeenth December 2002 to help Indian lenders recover their outstanding dues as fast as possible. SARFAESI Act 2002 (Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act) empowers financial institutions of India to distinguish and
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BORROWER RIGHTS AND RESPONSIBILITIES All borrowers have rights and responsibilities when borrowing federal direct loans. Borrowers are encouraged to contact their loan servicer for all repayment options. Borrower Rights: You have the right to a grace period before your repayment period begins. (Your parents do not receive a grace period for a Federal PLUS loan).
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IMPORTANT PRINCIPLES OF TORT-HOW IT EFFECTS THE VALUERS OPINION PRINCIPLE OF DAMNUM SINE INJURIA AND INJURIA SINE DAMNUM PRINCIPLE OF VICARIOUS LIABILITY PRINCIPLE OF VOLENTI NON-FIT INJURIA PRINCIPLE OF NEGLIGENCE PRINCIPLE OF NUISANCE PRINCIPLE OF TRESPASS TO PROPERTY PRINCIPLES OF REPUTATION AND PRIVACY PRINCIPLE OF STRICT LIABILITY AND ABSOLUTE LIABILITY 1. PRINCIPLE OF DAMNUM
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