CCI Valuation
This query is : Resolved
01 June 2009
Dear Friends,
Is is mandatory to allot shares to non-resident at the value determined as per CCI guidelines?
Or can we allot at a value which is less than or more than the CCI value?
Thanks
Is is mandatory to allot shares to non-resident at the value determined as per CCI guidelines?
Or can we allot at a value which is less than or more than the CCI value?
Thanks
02 June 2009
Dear Gagandeep
What FEMA says is the share value should not be less than the Fair Value determined under CCI guidelines. It can be more, but it can not b less..
rgds
CS Vivek Hegde
What FEMA says is the share value should not be less than the Fair Value determined under CCI guidelines. It can be more, but it can not b less..
rgds
CS Vivek Hegde
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