Shares valuation under amalgamation of two private ltd. comp

This query is : Resolved

CMA CS C. B.Prabhumirashi (Querist)
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02 February 2017 Two private limited companies are amalgamating under the new provisions of Companies Act, 2013.

The details of my query are as under.
1. Whether Statutory Auditor can carry out valuation of Shares of these both companies? ( Statutory Auditor is common for both these companies which please note). [As per my personal opinion, Statutory Auditor cannot carry out such valuation which another service other than Statutory Audit for both these companies).

2. Whether there are any formats of such Valuation Report that may have been prescribed by ICAI?

I know other formalities about the amalgamation under Companies Act, 2013.

So can anybody guide me over the valuation of shares as stated above?

CA Amrita Chattopadhyay

CA Amrita Chattopadhyay (Expert)
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03 February 2017 1. The statutory auditor has to be independent thus, he cannot do the valuation of shares for the purpose of amalgamation as per Companies Act, 2013.
2. ICAI prescribes various methods for valuation of shares. However, specific format for valuation is not specified as per my knowledge. (The methods of valuation will give you idea regarding the format).

CMA CS C. B.Prabhumirashi

CMA CS C. B.Prabhumirashi (Querist)
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03 February 2017 Thank you so much Mam !!!

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