Rbi query

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 February 2012 Respected Members
I have a query. A company was formed form the FDI of 1,00,000 in india. When the FCGPR was filled for the same the RBI raised query asking to show the CA working sheet in this regard for the valuation under DCF methd. The shares were issued at the face value of Rs.10 and since the company is new it does not have any projects.

Request the members to share their valuable advice in this regad

Ajay Mishra

Ajay Mishra (Expert)
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21 February 2012 Hi

RBI demand for CA certificate for the valuation of shares under DCM is right. It is mandatory attachment of FC-GPR filed with RBI. It will be issued by CA, whether it is newly incorporated company or not. If the company issued shares on face value or not CA certificate for valuation of shares is must.

Regards

Querist : Anonymous

Querist : Anonymous (Querist)

21 February 2012 thanks sir

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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21 February 2012 agreed with expert.

any information link is:

https://rbidocs.rbi.org.in/rdocs/notification/PDFs/FLAS150311F.pdf

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