The Board shall at the end of every five years have a valuation of its assets and liabilities made by a valuer, appointed with the approval of the State Government:
Provided that it shall be open to the State Government to direct a valuation to be made at any time it may consider necessary.
Provided that it shall be open to the State Government to direct a valuation to be made at any time it may consider necessary.
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Section 1 · Short title, extent and commencementSection 2 · DefinitionsSection 3 · words and expressionsSection 4 · Establishment of the BoardSection 5 · Constitution of the BoardSection 6 · Term of office of the Chairman and non-official membersSection 7 · Disqualifications for appointment on the BoardSection 8 · Remuneration to the Chairman and membersIndia Code, Government of India. Text fetched 22 Oct 2026. Source metadata reports last modification: 2026-05-11. Check the linked official text and subsequent notifications when applying a provision.