Dear All,
How to valuate unlisted share of a compny as per companies act. Please quote section or notitfication or any other base for such valuation ......
Thanks in advance
2 Replies
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 28 February 2014
Section 247 of Companies Act 2013 (yet to be notified) deals with valuation by registered valuers. Section 56(2)(viib) of IT Act also deals with valuation of shares of unlisted companies.
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