Issue of shares at premium
This query is : Resolved
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
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
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,
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,
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Value of property in capital gain
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- TDS APPLICABILITY......
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
