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Issue of shares in a private company

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(Querist)
22 August 2014 sir
can a private company issue shares at face value inspite of share valuation certificate and also is it compulsory to attach share valuation certificate if the company wants to issue share at face value
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CS JAY GOHIL

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CS JAY GOHIL (Expert)
22 August 2014 As per my view it is not compulsory to give valuation report/certificate where shares are to be issued at face value.
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