Regulation 34 - Valuation. - Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

34. Valuation. (1) The valuation of the know-how or intellectual property rights or value addition shall be carried out by a merchant banker. (2) The merchant banker may consult such experts and valuers, as it may deem fit, having regard to the nature of the industry and the nature of the valuation of know-how or intellectual property rights or value addition. (3) The merchant banker shall obtain a certificate from an independent chartered accountant certifying that the valuation of the know-how or intellectual property rights or value addition is in accordance with the relevant accounting standards.