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    Requirement of Valuation Report and CA certificate in case of Private Placement

    Posted By : ARUN GANDHI / Published on : 19-Sep-2022 06:23 AM / View : 81 / Comment : 0

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    Hi All,

    In the case of a private placement which is also a downstream investment as per FEMA. We have taken valuation from Regd. Valuer + CA which is 5 months old... shareholders approved the private placement basis of this valuation and the same is filed with ROC.

    In RBI filing the said valuation report being old than 90 days we may expect rejection from RBI and in such case, we may take another valuation with the current date only for filing purposes.

    Please let me know if there is anything wrong with this practice. In my view, we don't need to link the valuation requirements of both laws. And can have separate valuations filed with different authorities. Please advise.
    Read more on : private placement case certificate valuation report requirement

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