Valuation report - for private placement

Dear All,

Is Valuation report needs to be taken frm the Valuer in case of Private Placement for Private Company?

If yes we need to attached the same i PAS-3? at the time of allotment and also make a disclosure in PAS- 4 mentioning the name and his address?

Pls reply its urgent

Replies (3)
yup valuation required... Sec 42....
but the report will have to be issued by a CA, as the Registered Valuer u/s 247 have not been prescribed yet
What is the status as on today ? who can issue valuation certificate for private placement ?

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