Question

Where a valuation is required to be made in respect of

Q: Answer-Where a valuation is required to be made in respect of any assets or net worth of a company or its l...

Explanation Section 247. Valuation by registered valuers 1 Where a valuation is required to be made in respect of any property, stocks, shares , debenture , securities or goodwill or any other assets herein referred to as the assets or net worth of a company or its liabilities under the provision of this Act, it shall be valued by a person having such qualifications and experience, registered as a valuer and being a member of an organization recognized, in such manner, on such terms and conditions as may be prescribed and appointed by the audit committee or in its absence by the Board of Directors of that company.

any assets or net worth of a company or its liabilities under the Companies Act, it shall be valued by a person having such qualifications and experience, registered as a valuer and being a member of an organization recognized, in such manner, on such terms and conditions as may be prescribed and appointed by __________________________

A A Director

B The audit committee

C In the absence of the audit committee by the Board of Directors

D Either a or b

E Either b or c

Practice Next

More Other Laws and Acts Questions