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In case of private placement made to convert unsecured loan from a Company into shareholders by issue of equity shares at book value as per the valuation report from a practicing CA for more than 10 years, is it a sufficient compliance in regard to valuation of shares

Private placement

Posted By: Ramesh 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Akansha

in the cited case company need to obtain valuation report with justification for such valuation from a registered valuer and also need to comply with the provisions of sec 62 of the Act.

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