Is the share transfer can use face value

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bonnie (Querist)
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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?

CA R SEETHARAMAN

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

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bonnie

bonnie (Querist)
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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?

CA R SEETHARAMAN

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

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