We have seen in our earlier article the role of Registered Valuers and how to become a Registered Valuer.
Companies Act, 2013 itself provides ample number of opportunities to the Registered Valuer for practice.
Today, we will discuss the provisions in Companies Act, 2013 which mandates the requirement of Valuation Report from a Registered Valuer.
| S. No. | Relevant Section/ Rule | Description |
| 1 | Section 42 Read with Rule 14 of The Companies (Prospectus and Allotment of Securities) Rules, 2014 | Private Placement of Securities |
| 2 | Section 39(4) read with Rule 12(5) of The Companies (Prospectus and Allotment of Securities) Rules, 2014 | Allotment of Shares in consideration for Other than Cash |
| 3 | Section 62(1)(c) read with Rule 13 of The Companies (Share Capital and Debentures) Rules, 2014 | Further Allotment of Shares on Preferential Basis (Preferential Allotment) |
| 4 | Rule of 8 of The Companies (Share Capital and Debentures) Rules, 2014 | Issue of Sweat Equity Shares |
| 5 | Rule 16 of The Companies (Share Capital and Debentures) Rules, 2014 | Buy-Back of Shares by Employees or by Trustees for the Benefit of Employees |
| 6 | Rule 2(c)(ix) and Rule 6 (1) of the Companies (Acceptance of Deposit) Rules, 2014 | Secured Bonds or Debentures |
| 7 | Section 177(4)(iv) | Valuation of undertakings or assets of the company |
| 8 | Section 191 read Rule 17 of The Companies (Meetings of Board and its Powers) Rules, 2014 | Payment to Director for Loss of Office. |
| 9 | Section 192(2) | Non-cash Transactions Involving Directors |
| 10 | Section 230(2)(c)(v) | Valuation under a Scheme of Corporate Debt Restructuring |
| 11 | Section 230(3) | Under scheme of Compromise or Arrangement with creditors and members [including swap ratio] |
| 12 | Section 230(11) | Offer of takeover of an unlisted co. as a result of Compromise or Arrangement |
| 13 | Section 232(2)(d) | For reconstruction of company involving Merger, Amalgamation or Demerger |
| 14 | Section 232(3)(h) | Valuation may be required by the Tribunal to provide exit opportunity for dissenting shareholders of transferor co. |
| 15 | Section 236(2) | Purchase of minority shareholding |
| 16 | Section 281(1)(a) | Valuing assets for submission of report by Company liquidator to NCLT |
Apart from Companies Act, 2013, a Registered Valuer also has a scope of valuation in Insolvency and Bankruptcy Code and SEBI Act as well.
For any queries or requirements contact
CS Arpit Garg
Practicing Company Secretary & Founder-Compliance Arena
info@compliancearena.in
8447773833