anonymous (proprietor) (248 Points)
26 May 2014For issue of shares after 01.04.2014 under private placement, a registered valuer's certificate is required for valuation of shares. Now my query is:
1. Who is notified as a registered valuer? In case i am issuing shares today, from whom can i duly receive the certificate?
2. Is this certificate required even if shares are issued at par?
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 26 May 2014
Yes, this certificate is mandatory even if the issue is at par. Pending notification of Registered Valuer, the certificate can be obtained from any SEBI registered merchant banker or from a CA in practice having minimum 10 years of experience.
anonymous
(proprietor)
(248 Points)
Replied 26 May 2014
Can the CA be the statutory auditor of the company or does he have to be an independent person?
anonymous
(proprietor)
(248 Points)
Replied 26 May 2014
Also can a private limited company make only 4 such offers during the year (one in each quarter) with a gap of 60 days?
CAclubindia
