Whether valuation report is required for issue of preference shares on preferential basis under the Companies Act, 2013
By -Vikas Gupta 18 Mar 2017

Yes, a valuation report from a Registered Valuer will be required on a combined reading of section 62 and 42 of the Companies Act, 2013 and the relevant Rules for issue of even Preference Shares on preferential basis. Rule 14 of Companies Prospectus and Allotment of Securities Rules, 2014 prescribes the details to be stated in the Form PAS-4 including name of valuer who performed the valuation of the securities.