Rights and responsibilities of the valuer and auditor
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....s,- (a) the valuer shall ensure that the valuation of the InvIT assets is impartial, true and fair and is in accordance with regulation 21; (b) the valuer shall ensure adequate and robust internal controls to ensure the integrity of its valuation reports; (c) the valuer shall ensure that it has sufficient key personnel with adequate experience and qualification to perfor....
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....ise independent professional judgment; (g) the valuer shall act with independence, objectivity and impartiality in performing the valuation; (h) the valuer shall discharge its duties towards the InvIT in an efficient and competent manner, utilizing its knowledge, skills and experience in best possible way to complete given assignment; (i) the valuer shall not accept remu....
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.... to secure assignments; (m) the valuer shall not provide misleading valuation, either by providing incorrect information or by withholding relevant information; (n) the valuer shall not accept an assignment which interferes with its ability to do fair valuation; (o) the valuer shall, prior to performing a valuation, acquaint itself with all laws or regulations relevant t....
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....d) the auditor shall have a right to require such information and explanation pertaining to activities of the InvIT as he may consider necessary for the performance of his duties as auditor from the employees of InvIT or ^2[holdco or] parties to the InvIT or ^3[holdco or] SPV or any other person in possession of such information. ^4[(e) The auditor shall undertake a limited review of the ....
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