Valuation report - for private placement

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Dear All,

Is Valuation report needs to be taken frm the Valuer in case of Private Placement for Private Company?

If yes we need to attached the same i PAS-3? at the time of allotment and also make a disclosure in PAS- 4 mentioning the name and his address?

Pls reply its urgent

Replies (3)
yup valuation required... Sec 42....
but the report will have to be issued by a CA, as the Registered Valuer u/s 247 have not been prescribed yet
What is the status as on today ? who can issue valuation certificate for private placement ?

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