Pricing of infrequently traded equity shares must use valuation parameters and obtain an independent compliance certificate. Pricing of equity shares for infrequently traded securities must consider valuation parameters such as book value, comparable trading multiples and other customary metrics; the issuer must submit a certificate of compliance to the stock exchange from an independent merchant banker or an independent chartered accountant in practice evidencing adherence to this requirement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Pricing of infrequently traded equity shares must use valuation parameters and obtain an independent compliance certificate.
Pricing of equity shares for infrequently traded securities must consider valuation parameters such as book value, comparable trading multiples and other customary metrics; the issuer must submit a certificate of compliance to the stock exchange from an independent merchant banker or an independent chartered accountant in practice evidencing adherence to this requirement.
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