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CA certificate - FCGPR bonus shares(urgent)

Sadhana (CS) (181 Points)

12 October 2011

Kindly provide me format of CA Certificate for FCGPR reporting to RBI for bonus shares? And as per which RBI notification valuation for the same is not required?

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Shraddha Shukla (Corporate law Consultant) (346 Points)
Replied 12 October 2011

PFA THE CERTIFICATE

Attached File : 191757 848818 58 ca certificate under fema rules for unlisted company.doc downloaded: 1078 times

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Shridhi Jain (Company Secretary) (1678 Points)
Replied 12 October 2011

For calculating the value of shares, Discounted Cash Flow (DCF) method of valuation to be used, which is to be annexed with the auditor certificate stating the value of share.

Sadhana (CS) (181 Points)
Replied 12 October 2011

Thanks Shradhha, the format which you have attached is for issue of equity shares, so kindly attach format of CA certificate for bonus shares if available.

Arjun kumar (Finance officer) (31 Points)
Replied 07 November 2011

Can we issue shares at par (Rs.10) even if that is valued by a CA @ inr 9? All this is in respect of FC-GPR.

jeets (CS ) (461 Points)
Replied 16 December 2011

Hi,

I understand you are refering to the CA certificate wherein it might have been mentioned as 9.** as fair value.

If that is the case, please note that CA certificate is just an estimate of future cash inflows so even if the fair value as per the certificate is 9.8* or something, you can still go ahead and issue the shares on fair value.(10)

Experts views are solicited

Thanks