Transfer of
Shares

In the context of transferring unquoted securities within an unlisted entity, there exists a regulatory requirement necessitating the involvement of a merchant banker to ascertain the fair valuation.

This valuation process is guided by the provisions set forth in Section 50CA and 56(2)(x) of the Income Tax Act, 1961. The detailed methodology and procedural framework for this valuation exercise are specified within Rule 11UAA.