Valuation of assets

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....y the valuer atleast once in every financial year: ^3[Provided that such full valuation shall be conducted as at the end of the financial year ending March 31st and the valuation report shall be submitted by the manager to the designated stock exchange(s) along with the annual financial results.] (5) A half yearly valuation of the REIT assets shall be conducted by the valuer ^4[as at the end of] the half-year ending on September 30 for incorporating any key changes in the previous six months and such half yearly valuation report shall be ^5[submitted by the manager to the designated stock exchange(s) along with the quarterly financial results for the quarter ending September 30th.] (6) Valuation reports received by the manager shal....

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....action, the property is proposed to be sold at a value less than ninety per cent. of the value of the property 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 property for more than four years consecutively: Provided that the valuer may be reappointed after a period of not less than two years from the date it ceases to be the valuer of the REIT. ^2[***] (11) In case of any material development that may have an impact on the valuation of the REIT assets, then manager shall require the valuer to undertake full valuation of the property under consideration within not more than two months from the date of such eve....