1150 Valuation by qualified independent person

1150  Valuation by qualified independent person

(1)     The valuation and report must be made by a person (“the valuer”) who—

(a)     is eligible for appointment as a statutory auditor (see section 1212), and

(b)     meets the independence requirement in section 1151.

(2)     However, where it appears to the valuer to be reasonable for the valuation of the consideration, or part

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