Dear All,
Is Valuation Report needs to be taken form a Registered Valuer only?? or Any CA /CS can issue the same?? under private placement
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 29 September 2016
Provisions of registered valuer have not yet been enforced. Refer Explanation to Rule 13(2) of Companies (Share Capital & Debentures) Rules 2014 - CA with minimum 10 years experience can issue the same.
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