Valuation of real estate assets requires cost on acquisition, periodic fair valuation and daily NAV declaration. Real estate assets in a real estate mutual fund scheme must be recorded at cost on acquisition and revalued at fair price periodically according to Schedule IXB; the asset management company, directors, trustees and real estate valuer must ensure good faith valuation and accounts in accordance with Schedule IXB and Schedule XI; NAV must be calculated and declared daily based on the most current valuations and accrued income.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Valuation of real estate assets requires cost on acquisition, periodic fair valuation and daily NAV declaration.
Real estate assets in a real estate mutual fund scheme must be recorded at cost on acquisition and revalued at fair price periodically according to Schedule IXB; the asset management company, directors, trustees and real estate valuer must ensure good faith valuation and accounts in accordance with Schedule IXB and Schedule XI; NAV must be calculated and declared daily based on the most current valuations and accrued income.
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