https://www.taxtmi.com/caselaws?id=432035 An independent valuation of company shares may be ordered where an exit offer and earlier valuation appear suspect, especially if there are indications of undervaluation, non-disclosure of material information, or prejudice to non-promoter shareholders. The Tribunal treated share valuation as a technical exercise but accepted that rectification powers and its procedural powers can support fresh valuation to protect shareholder interests and meet the ends of justice. On the facts described, the order appointing an independent valuer was found to be justified and was upheld. en-us Thu, 15 Dec 2022 00:00:00 +0530 Mon, 26 Dec 2022 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432035 An independent valuation of company shares may be ordered where an exit offer and earlier valuation appear suspect, especially if there are indications of undervaluation, non-disclosure of material information, or prejudice to non-promoter shareholders. The Tribunal treated share valuation as a technical exercise but accepted that rectification powers and its procedural powers can support fresh valuation to protect shareholder interests and meet the ends of justice. On the facts described, the order appointing an independent valuer was found to be justified and was upheld. Case-Laws Companies Law Thu, 15 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432035