Q. valuation certificate in case of private limited company for issue of right shares at premium of Rs.5.36 per share.

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Question added Jan 23, 2021 Valuations By MUKESH KUMAR BANSAL, CA, North West Delhi
Whether valuation certificate (from IBBI certified professional) is mandatory in case of right issue by private limited company for issue of Shares of Rs. 10 each at a premium of Rs. 5.36 per share ? actually book value of Shares is 15.36 as on 31-3-2020.

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answered Feb 19, 2021 By CA PRAMOD JAIN, CA, CS, CMA, LL.B, Delhi
Under companies act, for right issue .. there is no requirement for valuation

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