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Who is AD Bank?

An AD bank, or Authorized Dealer bank, is a financial institution that has been authorized by the Reserve Bank of India (RBI) to deal in foreign exchange transactions. AD banks are important for facilitating cross-border transactions, such as imports and exports, by acting as intermediaries between exporters and importers.

Who can do the valuation at the time of preferential allotment of Shares?

– To comply with provisions of Companies Act, 2013, an IBBI Registered Valuer can do the valuation in case of Listed and Unlisted entities.
– To comply with the Income Tax provisions, SEBI Registered Category I Merchant Banker can do the valuation and it’s only required in case of Unlisted companies.

Who can do Valuation for FDI purposes?

Who can do Valuation for FDI purposes?- In case the investment being made exceeds USD 5 million – ONLY a SEBI Registered (Cat-1) Merchant Banker
– In case investment is by way of swap or shares and foreign company is involved – ONLY a SEBI Registered (Cat-1) Merchant Banker
– In all other cases – Chartered Accountant or Certified Public Accountant