Section 247 is new sections under Companies Act.
2013. There is No Corresponding Provision in Companies Act 1956. The Companies
Act, 2013 provides statutory backing to the Valuation, its required that in
respect of valuation of any property, stocks, shares, debentures, securities or
goodwill or any other assets (herein referred to as the assets) or net worth of
a company or its liabilities under the provision of this Act, it should be
valued by a person having such qualification and experience and registered as
valuer in such manner, on such terms and conditions as prescribed under these
rules.
| Clauses as per Companies Act 2013 | Valuation Requirement/ Purpose |
| Section 62 | Valuation for Further Issue of Share Capital |
| Section 192 | Valuing Assets involved in Arrangement of Non-Cash transactions
involving directors |
| Section 230 / Section 232 | Valuation under Scheme of Compromise/Arrangement or Scheme of Corporate
Debt Restructuring |
| Section 236 | Valuation for Purchase of Minority Shareholding |
| Section 260 | Valuation in respect of Shares and Assets to arrive at the Reserve Price
for Company Administrator |
| Section 281 | Valuing assets for submission of report by Company Liquidator |
| Section 305 | Report on Assets for declaration of solvency in case of proposal to wind
up voluntarily |
| Section 319 | Valuing interest of any dissenting member under Power of Company
Liquidator to accept shares etc., as consideration for sale of property of
company |