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RBI has prescribed pricing guidelines for fair valuation of shares to be issued against FDI. Suppose, notice for EGM for issue of shares is issued in first week of Jan 2016, wherein price has to be mentioned. For pricing, fair valuation certificate has to be given on notice or near to notice date. Subsequently, FDI is received in first week of Feb 2016. So, allotment will be made only after inward remittance. Now, FCGPR is proposed to be filed in current month, March 2016. So will the fair valuation certificate issued and dated in Jan 2016 hold good for attaching the same with FCGPR which will be filed in March 2016. Let me know the thoughts. |
