 "Sebi")
Most merchant bankers registered with the Securities and Exchange Board of India (Sebi) might be excluded as valuers in areas such as valuation of shares issued by companies for consideration other than cash or valuation of assets under a scheme of corporate debt restructuring.
The draft Companies (Registered Valuers and Valuation) Rules, issued by the ministry of corporate affairs (MCA), say only individuals and partnership entities are eligible. Most Sebi-registered merchant bankers are companies. A few are limited liability partnerships (LLPs), which may be allowed, by these rules.
The other areas where these rules are proposed to apply are issuance
