issue of shares under section 62

[mani.m...@gmail.com]

company want to issue the at par to one is member and one is non-member. 
does in this situation valuation of shares required. 
can company issue the share under section 62 (1) (c) + sec 42
please help regarding this

[r.sh...@gmail.com]

as per section 42 valuation is required.

[Deepanshu Mittal]

• 1. Since one allottee is a non-member, issue must be made as preferential allotment u/s 62(1)(c).

• 2. Valuation report is mandatory, even if issuing shares at par.

• 3. The company must also comply with Section 42 (Private Placement) along with Section 62(1)(c).

• 
  

• Warm Regards, 
  CS Deepanshu Mittal
  Mob: 8130710162
  Email: cs.deepan...@gmail.com

--
If you want to join our Whatsapp Group "Gyan Gurukul" for quick updates on Recent Amendments and resolution of Queries, drop message to us on our whatsapp no 8130757966 (mention your Profession, Name, City).
---
You received this message because you are subscribed to the Google Groups "Gyan Gurukul - CS Divesh Goyal" group.
To unsubscribe from this group and stop receiving emails from it, send an email to gyan-gurukul-cs-dive...@googlegroups.com.
To view this discussion visit https://groups.google.com/d/msgid/gyan-gurukul-cs-divesh-goyal/5e51f85f-2ca7-48e4-bbc6-cf3883982d73n%40googlegroups.com.

--

Warm Regards, 

CS Deepanshu Mittal

Mob: 8130710162

Email: cs.deepan...@gmail.com

[AKANKSHA MISHRA]

Is valuation report is also required in case of right issue of shares??

To view this discussion visit https://groups.google.com/d/msgid/gyan-gurukul-cs-divesh-goyal/CA%2BuZ55RTZorG1vzqKR7Gk62J4%2Bweai%3DCZRRCuJOdnqHsKEDu_w%40mail.gmail.com.

[Anita Kaudinya]

In case of right issue valuation is not required, so make a right issue and get the shares renounced in favour of the non member and do allotment. This is the shortest and easiest way

To view this discussion visit https://groups.google.com/d/msgid/gyan-gurukul-cs-divesh-goyal/CAJ-CrJY4kLGGqGWqUeBMw8UtrV9m3vnv6QxvCcHPoNUKDd_BEw%40mail.gmail.com.

--

Thanks & Regards

Anita Kaudinya
Ask Associates
Company Secretaries
B-5/501, Experion Heartsong, Sector-108
Gurugram, Haryana-122006

[Afsarjahan]

Dear Sir, 

In case of right issue still valuation report required under income tax act.

Regards
Afsarjahan
(Company Secretary)
Mo. No.8604721571

To view this discussion visit https://groups.google.com/d/msgid/gyan-gurukul-cs-divesh-goyal/CA%2BNM9Uf%3DrY-DNWe-vwLzFjfg6mjtALktj_gDsmB-SKZNrL%2BMwQ%40mail.gmail.com.

[Anita Kaudinya]

valuation report not required but they assure that share have been issued as per their current value otherwise income tax will be charged

To view this discussion visit https://groups.google.com/d/msgid/gyan-gurukul-cs-divesh-goyal/CAEkOB3AuA%2BbrjjC5E3yXPyGBccuZD0-Sgv71uO-Mx7%2Bf0GBwUw%40mail.gmail.com.

[Sharad sinha]

Dear SIr

For Rights issue Income Tax Valuation is required only in case of renunciation and subscription by renouncees, in compliance with Section 56(2)(x). Notable here is that the method of valuation is NAV and the method itself is prescribed in Rule 11UA(1)(c)(b).

Best 

Sharad Sinha

Partner 

Sharad & Associates, Chartered Accountants

6-3-1099/1/6, 1st Floor,

Hotel Katriya Lane, Somajiguda,
Hyderabad-500082

https://www.sharadassociates.com/

Mobile: +919849021401

Landline: 040-23396583

________________________________________________________________

Confidentiality Notice:

This email and any attachments may contain confidential and/or privileged information intended solely for the use of the individual or entity to whom it is addressed. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution, or copying of this email is strictly prohibited. 

If you have received this email in error, please notify the sender immediately and delete this email and its attachments from your system.

Please note that any financial or sensitive data shared in this email is intended only for the authorized recipient and must not be disclosed without explicit written consent.

To view this discussion visit https://groups.google.com/d/msgid/gyan-gurukul-cs-divesh-goyal/CA%2BNM9Uf%2BdM5hMPSAKnCDcez_azjEuCtL1NjR_YbFH7oNEOmDUQ%40mail.gmail.com.

[Gopal Rathnam]

Mr. Mani,  Easy way is to offer rights issue with an option to relinquish the rights. there is no need for valuation and you can re-structure your capital the way you want. No hassle at all. if u need any documents in this direction, pls msg me.

gopalrathnam-9886618696 or to my mail id

On Friday, September 19, 2025 at 4:38:08 PM UTC+5:30 mani.m...@gmail.com wrote:

[AJAY YADAV]

Dear Sir / Madam,

Greetings for the Day!

Dear Members can anyone share AOA of One Person Company.

Thanks & Regards

CA CMA CS Ajay Yadav

(FCA, FCMA, ACS, M.com, P.G.D.F.M, PEER REVIEWER-ICAI)

+91 982187 2529

--

If you want to join our Whatsapp Group "Gyan Gurukul" for quick updates on Recent Amendments and resolution of Queries, drop message to us on our whatsapp no 8130757966 (mention your Profession, Name, City).
---
You received this message because you are subscribed to the Google Groups "Gyan Gurukul - CS Divesh Goyal" group.
To unsubscribe from this group and stop receiving emails from it, send an email to gyan-gurukul-cs-dive...@googlegroups.com.

To view this discussion visit https://groups.google.com/d/msgid/gyan-gurukul-cs-divesh-goyal/ec1f2a84-1f61-47cd-aad2-2b398a21bba0n%40googlegroups.com.