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Right issue & valuation report

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(Querist)
13 January 2015 Dear Sir/Madam

Does the right issue under ca 2013 requires the valuation report? Can we proceed with issuing shares at par without the valuation report?
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CS Adnan Shaikh

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CS Adnan Shaikh (Expert)
14 January 2015 No need of valuation report for rights issue in my opinion. You can proceed with par value.
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Parameswaran V

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Parameswaran V (Querist)
14 January 2015 Thanks for your prompt reply
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CS Adnan Shaikh

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CS Adnan Shaikh (Expert)
14 January 2015 You are most welcomed.

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