Section 247(1) of the Companies Act 2013 mandates valuation to be carried in respect of any property, stocks, shares , debentures , securities or goodwill or any other asset or net worth of a company or its liabilities under the provision of this act.
Whenever a company proposed to make further issue of shares , debentures securities , Restructuring of companies ( includes mergers, demergers or amalgamations), scheme of Corporate Debt Restructuring and winding up of a company the law has mandated to conduct valuation as per the rules prescribed in this behalf and the companies are at onus to obtain Valuation Report from a personhaving such qualification and experience and registered as valuer .
Who is Valuer ?
“Valuer” means a person registered with the authority in accordance with the Companies (Registered Valuers and Valuation) Rules, 2017.
Mr. Tarun Jain is the first Company Secretary listed as a qualified valuer to do valuation of Financial and Securities Assets.
Responsibilitiesof Registered valuer
As per the Companies Act, 2013
A valuer is expected to assume the following responsibilities while carrying out a valuation engagement:
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We take complete ownership of valuation we do and provide complete support to our clients to justify the valuation arrived at. Our valuations help our clients in making informed investment and other business decisions. Based on specific need of our client we help quantify and articulate value for transactions, investments and strategic management purposes.
Our valuation services are broadly classified into the following: