https://www.taxtmi.com/notifications?id=116851 Amendments confirm differential-rights equity shares issued under the 1956 Act remain governed by prior provisions; until registered valuers are appointed, valuation reports for preferential issues may be made by an independent merchant banker registered with the securities market regulator or by an independent Chartered Accountant with ten years' practice, and preferential issue price must not be less than the price determined by a registered valuer. Secured debentures may be issued for extended tenures by specified infrastructure and finance-related companies, and housing finance companies are included in related regulatory provisos. en-us Wed, 18 Jun 2014 00:00:00 +0530 Sat, 28 Jun 2014 09:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=116851 Amendments confirm differential-rights equity shares issued under the 1956 Act remain governed by prior provisions; until registered valuers are appointed, valuation reports for preferential issues may be made by an independent merchant banker registered with the securities market regulator or by an independent Chartered Accountant with ten years' practice, and preferential issue price must not be less than the price determined by a registered valuer. Secured debentures may be issued for extended tenures by specified infrastructure and finance-related companies, and housing finance companies are included in related regulatory provisos. Notifications Companies Law Wed, 18 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/notifications?id=116851