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TMI BlogValuation of assetsX X X X Extracts X X X X X X X X Extracts X X X X ..... e in valuation of infrastructure assets. (2) Full valuation includes a detailed valuation of all assets of the InvIT by the valuer including physical inspection of every infrastructure project by the valuer. (3) Full valuation report shall include the mandatory minimum disclosures as specified in Schedule V. (4) A full valuation shall be conducted by the valuer not less than once in every finan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ges in the previous quarter and such quarterly report shall be prepared within one month from the date of the end of such quarter.] (6) Valuation reports received by the investment manager shall be submitted by the investment manager to the designated stock exchanges within fifteen days from the receipt of such valuation reports. (7) Prior to any issue of units by publicly offered InvIT other th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the asset as assessed by the valuer; (2) in case of a sale transaction, the asset is proposed to be sold at a value less than ninety per cent. of the value of the asset as assessed by the valuer, approval of the unit holders shall be obtained in accordance with regulation 22. (9) No valuer shall undertake valuation of the same project for more than four years consecutively: Provided that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r such acquisition or disposal. ************** NOTES:- 1 Inserted by Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2016, w.e.f 30.11.2016 2 Omitted by the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2017, w.e.f. 15.12.2017. Prior to the omission, the sub-regulation read as follows: "( ..... X X X X Extracts X X X X X X X X Extracts X X X X
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