Section 13: Not to Derive Excess, Low or False Valuation or Prepare False Financials

1) While carrying out the valuation of movable or immovable assets held by a bank or financial institution as collateral security of a loan or non-banking movable or immovable asset of a bank
or financial institution, the valuator shall not derive an excess, low or false valuation of such assets while evaluating them for the purpose of auctioning, selling, or other purposes relating to the Bank.

2) Moreover, the valuator shall not carry the valuation of the property of any person or institution in which he/she has a financial interest.

3) No person, firm or, company or institution shall prepare or cause to prepare separate financial statements for a particular date or period for the purpose of availing credit.

4) Auditor shall not certify different financial statements for the same date or period to be submitted by any person or institution to the Government of Nepal, foreign donor agency or other entity without disclosing his/her opinion.