Property_Manu - Final - The New India Assurance Co. Ltd.
Property_Manu - Final - The New India Assurance Co. Ltd.
Property_Manu - Final - The New India Assurance Co. Ltd.
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<strong>The</strong> <strong>New</strong> <strong>India</strong> <strong>Assurance</strong> <strong>Co</strong>.<strong>Ltd</strong>.7. <strong>Co</strong>mmittee to ensure that the rent offered by vendor is reasonable and compatible withvaluation obtained, otherwise it will be difficult for us to convince the Management forapproval.8. <strong>The</strong> committee can then place it’s detailed report along with it’s recommendations beforethe Regional Incharge.We feel that after the compliance of all the above formalities the RO would be in a position torecommend suitable premises to HO who would then place the same before the <strong>Co</strong>mpetentAuthority for necessary approval.It may please be noted that the CVC guidelines referred above cannot be taken as standingguidelines for all cases where the lease rentals are likely to be less than Rs.50,000/- (or Rs. 1Lac as the case may be) and a decision to waive the press advertisement shall be takenindividually on the merits of each and every proposal.Sd/-(A V MURALIDHARAN)ASST.GEN.MANAGERRB/smita/mg/258 MANUAL ON PROPERTY
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