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

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....--------------- 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 the balance sheet of such company shall be deducted from the value of all its assets shown in that balance sheet. The....

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....le 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 no dividend has been paid Market Value 1 2 Three years Four years Five years Six years and above 82½ per cent of the break-up va....

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....e balance sheet including the debit balance of the profit and loss account or the profit and loss appropriation account which does not represent the value of any asset ; (ii) the following amounts shown as liabilities in the balance sheet shall not be treated as liabilities, namely :-- (a) the paid-up capital in respect of equity shares ; (b) the amount set apart for payment of dividends on ....