| Assessing value of immovable property |
| 12. For the purposes of these Regulations, in assessing the value of any immovable property in respect of which a charge is created under section 15 (9), 21of the Act or a pledge is given under section 15 (10)of the Act, the Board may appoint a Government valuer or a licensed valuer to value the immovable property and the expenses of such valuation shall be borne by the member concerned. |