Q. If we want to issue shares at face value in a newly incorporated company would we still be required to get a valuation certificate from a registered valuer?

Question

If we want to issue shares at face value in a newly incorporated company would we still be required to get a valuation certificate from a registered valuer?

Answer 1

If you go for private placement or preferrential issue.. then required

Answer 2

In case you are doing Right issue no need of valuation certificate.