TRANSFER OF SHARES TO NRI- VALUATION, Corporate Laws / SEBI / LLP

[Richa Goyal]

Ours is a new company and no work has been done yet. one shares holder has transferred shares to NRI at face value . Form FC TRS has been filed. Query from RBI is -" please submit valuation report from SEBI registered valuer".

Question : Do we require to submit a share valuation report from a SEBI registered valuer when the company has been newly incorporated and there are no business conducted yet by the company.

Posts / Replies

[Rajendra Prasad]

Dear Richa Goyal,

Please submit balance sheet of the company as on the date of transfer and explain the same . They may accept it.

[Richa Goyal]

thanks ... shall do the same