Assessment of land plots seized for state and municipal needs

( clause 2, article 281 “Redemption price of a land plot seized for state or municipal needs” of the Civil Code of the Russian Federation ).

When determining the redemption price, the market value of the land plot and immovable property located on it, as well as all losses caused to the owner by the seizure of the land plot, including losses incurred by him in connection with the early termination of his obligations to third parties, including the lost benefit.

  1. Evaluation for the placement of funds by pension funds .

  2. ( clause 6 of Article 25 “Management of pension reserves and investment of pension savings” of the Federal Law of May 7, 1998? 75-FZ “On non-state pension funds” ).

Valuation of immovable property, as well as other property provided for by regulatory legal acts of the authorized federal body into which pension reserves are placed, is carried out on the basis of an agreement with a person determined by the foundation’s board. A copy of the evaluation report of the said property shall be submitted to the specialized depository of the fund and the authorized federal body.

The contract for the assessment of property provided for in this paragraph may only be concluded with individuals and legal entities that meet the requirements of Federal Law No. 135-FZ of July 29, 1998 On Valuation Activities in the Russian Federation and are not affiliated persons of the Fund, its managing director company (management company), specialized depository and auditor. In this case, property valuation should be carried out with its acquisition, as well as at least once a year, unless another periodicity is established by regulatory legal acts of the authorized federal body.

See this link for more detail:  https://www.valsnsw.com.au/

  1. Valuation when placing bonds with collateral.

( Clause 1, Article 27.3 “Bonds with Collateral Security” of the Federal Law of April 22, 1996 No. 39-FZ “On the Securities Market” ).

Property that is the subject of pledge on bonds with collateral is subject to appraisal by the appraiser.

  1. Assessment of contributions to the authorized capital of production cooperatives.

( paragraph 2 of Article 10 “Unit Fund of the Co-operative” of the Federal Law of May 8, 1996 No. 41-FZ “On Production Cooperatives” ).

The assessment of the share contribution exceeding two hundred and fifty minimum wages established by the federal law must be made by an independent appraiser.

  1. Evaluation for the purpose of a production sharing agreement.

(Clause 4, Article 2 “Production Sharing Agreement” of the Federal Law of December 30, 1995 N 225-FZ “On Production Sharing Agreements”).

Subsoil user before the auction date is required to submit to the bodies that issued the license for the use of subsoil, a report on the evaluation of the property complex inextricably linked to the implementation of the right to use the subsoil, produced by an independent appraiser, carrying out its activities in accordance with the legislation of the Russian Federation, and draft agreement on the sale of property complex as a whole or a part thereof.

  1. Valuation of property of mutual funds.

(Article 37 “Assessment of the assets of the joint-stock investment fund and the assets of the unit investment fund” of the Federal Law of November 29, 2001 N 156-FZ “On investment funds”).

The appraisers determined by the board of directors (supervisory board) of the joint-stock investment fund or specified in the joint-stock investment fund or other property specified in regulatory legal acts of the federal executive body for the securities market that belong to the joint-stock investment fund or make up a mutual investment fund rules of trust management of a unit investment fund.

The rules of trust management of a mutual investment fund may provide for the valuation of property transferred for inclusion in the composition of a mutual investment fund in the formation of such a fund by an appraiser that is not specified in the rules of trust management of a mutual investment fund.

The valuation of the property provided for in paragraph 2 of this article shall be effected upon its acquisition, and also at least once a year, unless another periodicity is established by regulatory legal acts of the federal executive body for the securities market.

The appraiser of the joint-stock investment fund, the managing company and the specialized depository of the joint-stock investment fund and mutual investment fund, the auditor of the joint-stock investment fund and the auditor of the management company of the unit investment fund can not be an appraiser of the joint-stock investment fund and unit investment fund.

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