Valuation

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....a description of its valuation procedure and of the methodology for valuing assets. (2) Category I and Category II Alternative Investment Funds shall undertake valuation of their investments, atleast once in every six months, by an independent valuer appointed by the Alternative Investment Fund: Provided that such period may be enhanced to one year on approval of atleast seventy-five percent....

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....atisfies the criteria specified by the Board from time to time. (5) The Manager and the key management personnel of the Manager shall ensure that the independent valuer computes and carries out valuation of the investments of the scheme of the Alternative Investment Fund in the manner specified by the Board from time to time. (6) The Manager shall be responsible for true and fair v....