12 June 2015
if a company is making private placement at the par value/face value (consideration in cash), whether a valuation report is required. It only says that a justification for price needs to be given and justification here is "issued at par".
13 June 2015
Yes valuation report is required (Assuming it is not a listed company). Please refer the wording of clause 13 of Companies (Share capital and Debentures) Rules, 2014 with amendments.
CAclubindia
