Rbi query
Querist : Anonymous
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
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
any information link is:
http://rbidocs.rbi.org.in/rdocs/notification/PDFs/FLAS150311F.pdf
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