Democracy of India, the Constitution, Fundamental rights, Gandhi, Nehru and about Andhras
Please read articles under the category of ‘Chartered Engineer Valuers’ to know about the profession of Valuers and indemnity bond imposed on them by the Banks.
M Sc valuation course illegal M Sc valuation course illegal: Let us know that M Sc Valuation course is illegal and is against the Section 8A of Wealth Tax act. And any law or Rule promulgated by a Government will be read in accordance with its intentions. That is the intent of the creation of a … Read more
Indemnity bond by Valuers of SBI Indemnity bond by Valuers of SBI: To, SBi, With reference to the proposed Indemnity bond to be executed by we Valuers we request you to reconsider the move and to dispense with the policy of taking of Indemnity Bond from us, engineer Valuers, Ref: 1. Your Circular No. SARG/ARC/03/2020-21 … Read more
Indemnity Bond vs the Contract Act Indemnity Bond contradicts the Contract Act: Section 124 of the Indian Contract Act deals with Indemnity Bonds. And Sections 2,15,16 & 65 of the Act deals with Contract, Coercion, Undue Influence and redressal against victimization of a party against the other who acted contravening the provisions of this act. … Read more
Idemnity Bond from Valuers Taking Idemnity Bond from Valuers by the Banks and drastic reduction of fee for valuations by SBI both run against the fundamental rights guarenteed under Articles 14,19,21 of the Constitution of India. And it is interesting to note that existing Panel valuers are not intimated individually about the notification by post … Read more
Section 8A of Wealth Tax Act Section 8A of Wealth Tax Act 1957 states that only Engineering graduates are eligible for entering into the Field of Valuation of Immovable properties viz., Plant and Machinery and Land and Building. AICTE rules clearly state that only Science stream students are eligible to enter into to pursue Engineering … Read more
Engineers as Property Valuers First of all we have to remember that we Chartered Engineer valuers have done our engineering studies after doing 10+2 system of schooling with science subjects at + 2 level. To join and pursue engineering studies at graduation level Science students at + 2 level are only eligible. At present we are … Read more