Section 247 of CA 2013 : Section 247: Valuation By Registered Valuers
CA 2013
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Explanation using Example
Imagine a company, ABC Ltd., is planning to acquire another company, XYZ Corp. To determine a fair purchase price, ABC Ltd. needs to know the value of XYZ Corp.'s assets and liabilities. Under Section 247 of The Companies Act, 2013, ABC Ltd. must appoint a qualified and experienced valuer who is registered and a member of a recognized organization to conduct the valuation.
The appointed valuer must carry out an unbiase...
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