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CCI Valuation

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(Querist)
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
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CS Vivek Hegde

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CS Vivek Hegde (Expert)
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

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