NEW DELHI: The government is set to make it mandatory for companies to get all share allotments for non-cash considerations valued by an expert registered with the government. In a bid to bring transparency in share allotments for non-cash contributions like technology, intellectual property and other assets, the new company law proposed by the government seeks to introduce a new framework for valuation of corporate assets.
The updated version of the Companies Bill, which the ministry of corporate affairs intends to introduce in Parliament during the Budget session, proposes independent fair valuation for different purposes, including mergers & acquisitions and restructuring. The valuer will be appointed by the audit committee of the company concerned.
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Regards,
Santosh Puthran
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The updated version of the Companies Bill, which the ministry of corporate affairs intends to introduce in Parliament during the Budget session, proposes independent fair valuation for different purposes, including mergers & acquisitions and restructuring. The valuer will be appointed by the audit committee of the company concerned.
Click here to read more
Regards,
Santosh Puthran
Do you like to remain updated in Accountancy?
Subscribe to Management Accountant by Email
You may also like to read
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