Is the share transfer can use face value

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When transferring shares in a newly registered company (like one just two weeks old), you can typically use the face value of the shares. A formal valuation certificate from a Chartered Accountant (CA) is usually not necessary in such cases. Instead, preparing a board resolution signed by the director, confirming the sale at face value, should suffice.

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(Querist)
12 March 2020 I have one company just register 2 weeks before, now i need to transfer it to my wife, and it is said need valuation ceritification from CA, is this neccessary or i can use face value directly which is sign by director?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 March 2020 Yes use face value as company registered 2 weeks before.
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bonnie

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bonnie (Querist)
13 March 2020 should i do the share valuation ceritfication from CA, or just prepare the borad resoltion deciede the price which signed by director?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 March 2020 Prepare board resolution on face value sale signed by director.
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