Valuation of shares for private limited companies
This query is : Resolved
12 February 2015
Hi everyone..can any one pls tell me that whether a private company is required to get its shares valued by an valuation officer?? if yes then who can b the valuating officer??? can a CA be a valuating officer and under which section the shares should be valued by private company..
12 February 2015
Yes, shares of pvt ltd company has to be valued if issued on 'preferential basis'.
CA in full time practice with not less than 5 years of continuous experience is empowered to value shares.
Pl refer section 62(1)(c)of the Companies Act,2013 in which you can see a passing reference about'valuation' apart from section 247.
CA in full time practice with not less than 5 years of continuous experience is empowered to value shares.
Pl refer section 62(1)(c)of the Companies Act,2013 in which you can see a passing reference about'valuation' apart from section 247.
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