No sight of rules on business valuation, even after three-year wait

The MCA came out with draft rules defining evaluator, evaluation process way back in Sept 2013

 

 

It has been more than three years since the ministry of corporate affairs (MCA) had issued the draft rules on valuation of businesses, under the Companies Act, 2013. These are yet to be finalised. 

However, MCA has clarified that Securities and Exchange Board of India (SEBI)-registered merchant bankers and chartered accountants with 10 years of experience will do valuation of shares and debentures until the final rules come in. 

The draft rules had been issued in September 2013. 

The rules defined who could be a registered valuer, a process of registration and deregistration, and methods of valuation.   

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