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Valuation report for start up whether required or not

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 August 2018 Our company has obtained Start up certificate from the Govt of India. We are a start up , based in Mumbai.
The company is expecting foreign funding and will be issuing shares at premium.
The company does not have reserves. Does the company require valuation certificate for issue of shares, or because it is a start up recognised by India, can we issue shares at a Premium.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
11 August 2018 valuation will be required...
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