Dear Sir, please advice whether Section 56(2)viib will applicable if a close held company issue its shares to venture capital company/ venture capital fund at more then FMV.
CA VIVEK JHA (CHARTERED ACCOUNTANTS) (264 Points)
14 June 2017Dear Sir, please advice whether Section 56(2)viib will applicable if a close held company issue its shares to venture capital company/ venture capital fund at more then FMV.
rama krishnan
(12234 Points)
Replied 14 June 2017
CA VIVEK JHA
(CHARTERED ACCOUNTANTS)
(264 Points)
Replied 15 June 2017
Please also advice whether a closed held company can calculate its book value of shares as per Rule 11 UA by DCF Method.
CAclubindia
