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Q & A
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A company has received funds from its holding company which is based in Singapore. In light of the FEMA provisions, a valuation report is required from a CA justifying the present value of share. The shares can be allotted within 180 days of receipt of funds as per FEMA guidelines.
My question is whether the company needs to follow the timelines specified by Companies Act 2013, i.e within 60 days, and whether the allotment will be based on the value derived by the valuer.
Fund raising
Posted By: T.r.chadha & co. 9 year(s) ago
This question has been closed if you want to answer,you have to re-open.
Recently Active Member
RAHUL
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