Valuation of shares for private limited companies

This query is : Resolved

surabhi (Querist)
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12 February 2015 Hi everyone..can any one pls tell me that whether a private company is required to get its shares valued by an valuation officer?? if yes then who can b the valuating officer??? can a CA be a valuating officer and under which section the shares should be valued by private company..

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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12 February 2015 Yes, shares of pvt ltd company has to be valued if issued on 'preferential basis'.

CA in full time practice with not less than 5 years of continuous experience is empowered to value shares.

Pl refer section 62(1)(c)of the Companies Act,2013 in which you can see a passing reference about'valuation' apart from section 247.