Regulation 7

a charge is to be created or constituted, or subsists, under section 15AB(1), (2), (10) or (11) of the Act or a former provision, or section 21, 21A, 21B, 27C(1)(i), 27D(1)(j)(ii), 27DA(1)(i), 27E(1)(h) or 27F(1)(h) of the Act;

an undertaking is to be given or subsists under section 15AB(3) or (4) of the Act or a former provision, or section 27D(1)(j)(i) of the Act;

there subsists any continued charge constituted under section 21C(1)(d) of the Act, where the relevant charge mentioned in section 21C(1)(a) of the Act in relation to the continued charge is —

a charge mentioned in sub-paragraph (a); or

another continued charge that satisfies sub-paragraph (c);

there subsists any undertaking deemed to be given under section 21C(2) of the Act, where the relevant undertaking mentioned in section 21C(2)(a) of the Act in relation to the deemed undertaking is —

an undertaking mentioned in sub-paragraph (b);

an undertaking mentioned in sub-paragraph (e); or

another deemed undertaking that satisfies sub-paragraph (d); or

there subsists any undertaking deemed to be given under section 21D(1) of the Act, where the relevant undertaking mentioned in that provision in relation to the deemed undertaking is —

an undertaking mentioned in sub-paragraph (b);

an undertaking mentioned in sub-paragraph (d); or

another undertaking deemed to be given under section 21D(1) of the Act, where the relevant undertaking mentioned in that provision in relation to the deemed undertaking is an undertaking mentioned in sub-paragraph (i) or (ii),the Board may appoint a Government valuer or a licensed valuer to value the immovable property and the expenses of such valuation are to be borne by the member concerned.