Market value of unquoted equity shares of companies other than investment companies and managing agency companies

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.....  1-4-1989.]       ---------------------- Notes:- 1. Before omission rule 1D it was read as under :      "The market value of an unquoted equity share of any company, other than an investment company or a managing agency company, shall be determined as follows :      The value of all the liabilities as shown in th....

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....nuous accounting years ending on a date immediately before the valuation date the market value of such share shall be as indicated in the Table below :- THE TABLE Number of accounting years ending on the valuation date or in a case where the accounting year does not end on the valuation date, the number of accounting years ending on a date, immediately preceding the valuation date, for which....

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....e absence of both, the balance sheet drawn up on a date immediately after the valuation date.      Explanation II.- For the purposes of this rule-            (i) the following amounts shown as assets in the balance sheet shall not be treated as assets, namely :-           &nb....

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....equity shares ;                 (b) the amount set apart for payment of dividends on preference shares and equity shares where such dividends have not been declared before the valuation date at a general body meeting of the company ;                ....