Q. Resident individual shareholders of unlisted pvt ltd co. want to transfer shares to non resident company which is existing shareholder as well. Can statutory auditor give valuation report under FEMA to resident individual shareholders?

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Question added Aug 17, 2021 Valuations By Vaibhav Agarwal, CA, Lucknow

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answered Sep 12, 2021 By CA PRAMOD JAIN, CA, CS, CMA, LL.B, Delhi
No the statutory auditor should not give such a valuation report as it could be a prohibited services under section 144 of the companies act 2013

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