1. Founders of the Company may provide in-kind contributions in consideration of their shares in the Company, and the valuation thereof shall be at the expense of their contributors. 2. The Authority shall determine the standards and requirements for the valuation of in-kind contributions and approve the valuators. 3. The valuator may review any information or documents they deem necessary to enable them to carry out the required valuation and to prepare the valuation report efficiently. The Founders' Committee or the Board of Directors, as the case may be, shall take the necessary actions to provide the valuator with the information, papers, and documents required as soon as possible from the date of such request. 4. The Founders' Committee and the Board of Directors, if any, shall both be fully liable for the accuracy, adequacy, and completeness of the data and information. The valuator shall exercise due diligence in the performance of their duties. 5. The Authority may discuss and object to the valuation report. It may also appoint a substitute valuator, if required, at the expense of the company under incorporation or the Company, as the case may be. 6. The in-kind share(s) contributed by a public person may constitute a privilege or a right to use certain public funds.
Interpretation and application must be checked against the official text and current version.