Section247- registered valuer

Deepti Aggarwal (Assistant Company Secretary)   (143 Points)

22 July 2014  

Dear All,

Plz provide your valuable suggestions regarding this:

As per my knowledge, Section 247 (Registered Valuer) is still not applicable.. That means we are not required to submit valuation report for making allotment of any private company till yet.

But still everyone is saying to prepare valuation report also... plz suggest whether it is required to prepare report of regitered valuer, if we make an allotment as on date...???