https://www.taxtmi.com/circulars?id=52906 For listed companies, issuance and transfer of equity and compulsorily convertible instruments shall follow SEBI pricing norms and optionality exits permit market price exit subject to lock in without assured return. For unlisted companies, issuance and transfer of equity and compulsorily convertible instruments must be priced on an arm's length basis using any internationally accepted pricing methodology, certified by a chartered accountant or SEBI registered merchant banker, ensuring no assured exit price and exit at a fair price subject to lock in. Companies must disclose valuation details, methodology and certifying agency in the financial year of the transaction. en-us Tue, 15 Jul 2014 00:00:00 +0530 Tue, 15 Jul 2014 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52906 For listed companies, issuance and transfer of equity and compulsorily convertible instruments shall follow SEBI pricing norms and optionality exits permit market price exit subject to lock in without assured return. For unlisted companies, issuance and transfer of equity and compulsorily convertible instruments must be priced on an arm's length basis using any internationally accepted pricing methodology, certified by a chartered accountant or SEBI registered merchant banker, ensuring no assured exit price and exit at a fair price subject to lock in. Companies must disclose valuation details, methodology and certifying agency in the financial year of the transaction. Circulars FEMA Tue, 15 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52906