Valuation Report

[Raghu Reddy]

Dear Members,

Under Companies Act, where all valuation report is required ??

More specifically is it needed for private limited company in the below cases

1- Private Placement 

2- Rights Issue

[Shweta Daga]

Yes, except for right issue and bonus issue, valuation report is mandatory in all other cases under Companies Act, 2013.

But yes it is advisable to obtain valuation report in case of right issue (especially where shares are being issued at premium).

Thanxs & Regards

Shweta Daga

Mob 7838657554

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[Nitin Pahilwani]

I am share PDF attachment where valuation report is required

feel free to connect

Thanks & Regards

_____________________________________

Nitin Pahilwani Register Valuer & Chartered Accountant N Pahilwani & Associates 9898963506 ni...@npahilwani.com www.npahilwani.com 501, Silver Oak, Near SBI, Akota, Vadodara

To view this discussion on the web visit https://groups.google.com/d/msgid/csmysore/CADddBEL1BjOEkewkZo4UXLS6SEeiQaEqZPn%2BgkRCQEkGs2Fyyw%40mail.gmail.com.

[CS PUJA MOHAN]

As per rules of PAS 3 allotment of shares on conversion of loan to equity (taken as consideration other than cash) needs valuation report??

Regards,

Puja Mohan,

FCS: 8630

To view this discussion on the web visit https://groups.google.com/d/msgid/csmysore/CAMPWqZaJzqRS5ystpqifrmgyCQctLg7aZz99-JHS3S1GuTsgng%40mail.gmail.com.

[Nitin Pahilwani]

Dear Puja,

I think, yes...

Thanks & Regards

_____________________________________

Nitin Pahilwani Register Valuer & Chartered Accountant N Pahilwani & Associates 9898963506 ni...@npahilwani.com www.npahilwani.com 501, Silver Oak, Near SBI, Akota, Vadodara

[Thomas K]

Dear Members,

Nidhi Rules 2014 Rule 20  sub-rule 6 states as follows:

(6) In respect of loan against gold or jewellery-

a) the aggregate amount of loan outstanding against the security of gold or jewellery shall either be recovered or renewed within three months from the due date of payment.

b) if the loan is not recovered or ...............

c) no income shall be recognized on such loans outstanding after the expiry of the three months period specified in (a) above or sale of gold or jewellery, whichever is earlier; and

In clause (c) what is the meaning of  the term  "after the expiry of three months period or   sale of gold or  jewellery whichever is earlier", Does it mean that Gold sold before the expiry of three months period? or some other meaning?

Members having handled Nidhi Rules may kindly clarify?

Thanks & Regards,

K. THOMAS. M.com. F.C.S.

Practising Company Secretary,

Anamallais House Annex, Chembukavu, Thrissur-680020.(Kerala)

Mob. 9895780811 / 6238514716

email. ktho...@gmail.com

On Thu, Mar 12, 2020 at 4:10 PM Raghu Reddy <ca.939...@gmail.com> wrote: