Issue of shares at premium

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CA. SANDEEP SHARMA (Querist)

20 June 2014 Dear fellow members,
Please spare your valuable time in giving reply to my query.
1) The company want to raise money by issue of further shares to its members at premium. As per my understanding of the CA 2013, we fall under clause (c) of Sub section (1) of section 62. and if that is correct then the question is

a) Who will issue the valuation report? No rule for chapter XVII- REGISTERED VALUERS are prescribed so far.
b) Can a chartered accountant issue the same? If yes then which method to follow. Can any one send me the format of valuation report by CA
c) Do we have to follow the private placement rule as prescribed for Section 42 i.e PAS-4, 5. 3.

If i am wrong then please suggest me how to issue share at Premium.
Thanks in advance.
CA Sandeep Sharma
9811307245

CS Amit Kumar

CS Amit Kumar (Expert)

22 June 2014 Sandeep,

Please check the amended rules issued by MCA.

It says that till the applicability of registered valuer , An independent Merchant Banker or Independent Chartered Accountant having an experience of 10 years or more is eligible to issue the valuation report.

Regards,

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