Dear All
We valued the shares of one of our client(shares issued to NR) at around Rs 1300/- a few months back. and co issued the shares on same price.
Now if we value the shares at same amount of Rs 1300/- and issue the the shares at 1700/- per share , whether it can be accepted as per Companies Act,2013 & also under FEMA?
Now if we value the shares at same amount of Rs 1300/- and issue the the shares at 1700/- per share , whether it can be accepted as per Companies Act,2013 & also under FEMA?
If we value the share at Rs 1700/- today then the question may arise that the earlier share at Rs 1300/- are issued below fair value under FEMA.
CAclubindia
