Right issue & valuation report

This query is : Resolved

Parameswaran V (Querist)
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13 January 2015 Dear Sir/Madam

Does the right issue under ca 2013 requires the valuation report? Can we proceed with issuing shares at par without the valuation report?

CS Adnan Shaikh

CS Adnan Shaikh (Expert)
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14 January 2015 No need of valuation report for rights issue in my opinion. You can proceed with par value.

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Parameswaran V

Parameswaran V (Querist)
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14 January 2015 Thanks for your prompt reply

CS Adnan Shaikh

CS Adnan Shaikh (Expert)
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14 January 2015 You are most welcomed.

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