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THE COMPANIES (REGISTERED VALUERS AND VALUATION) RULES, 2017   Section 247 of companies act 2013   (1) Where a valuation is required to be made in respect 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 shall be valued by a person having such qualifications and experience and registered as a valuer in such manner, on such terms and conditions as may be prescribed and appointed by the audit committee or in its absence by the Board of Directors of that company . (2) The valuer appointed under sub-section (1) shall,— (a) make an impartial, true and fair valuation of any assets which may be required to be valued; (b) exercise due diligence while performing the functions as valuer; (c) make the valuation in accordance with such rules as may be prescribed (rule 8) ; and (d) not undertake valuation of any asse...

This shall come for around 2 marks in the exam, difficulty level is surprising as we are not sure what will come out of this in examination Link to video:  https://youtu.be/1TxDvBH38zU Link to MCQ:  https://www.dropbox.com/s/ipr6xdtr2j5fp3b/MCQ_JP.pptx?dl=0   List of cases and its link to actual text:  Miheer H. Mafatlal Vs. Mafatlal Industries Ltd. (1997) 1 SCC 579 Miheer H. Mafatlal vs Mafatlal Industries Ltd on 11 September, 1996 (indiankanoon.org) Hindustan Lever Employees' Union Vs. Hindustan Lever Limited and Ors Hindustan Lever Employees' Union vs Hindustan Lever Limited And Ors on 24 October, 1994 (indiankanoon.org) Brooke Bond Lipton India Ltd. (1999) 98 Comp Cas 496 (Cal) In Re: Brooke Bond Lipton India ... vs Unknown on 9 December, 1996 (indiankanoon.org) Dr. Mrs. Renuka Datla Vs. Solvay Pharmaceutical B.V. and Ors. Dr. Mrs. Renuka Datla vs Solvay Pharmaceutical B.V. & Ors on 30 October, 2003 (indiankanoon.org) Dinesh Vrajlal Lakhani Vs. Parke Davis (I...

Purpose Similar to quoted shares, when a investor in un-quoted shares wants to sell her / his investment, they shall need to pay capital gain taxes on the difference between cost of acquisition (indexation if applicable) and sales consideration.  Important consideration here is to check is sales consideration recorded is greater than or equal to “Fair Market Value” of the share as defined under section 11 UA of Income Tax Rules.  Applicability Rule 11UA(1) is applicable in case of Section 56 of the IT Act for determine the fair market value of the property other than immovable property. Whereas Rule 11UA(2) is applicable in case of Section 56(viib) (i.e. shares issued by the company at premium) Link to the PPT:   https://www.dropbox.com/s/pdbdcc9w67ow5cz/Section%2011%20UA%20of%20Income%20Tax%20Rule.pdf?dl=0 Link to the video:  https://youtu.be/_JtQcEvRC54 Concept-Builders

Link to download the syllabus https://ibbi.gov.in/examination/syllabus5 Link to case studies https://www.dropbox.com/s/j77hnmpudkqeake/Case%20Studies%20IP.pdf?dl=0

Link to download syllabus  Securities or Financial Assets https://www.dropbox.com/s/r3oejdzvf21z4bf/SFA_01062020.pdf?dl=0 Land & Building https://www.dropbox.com/s/6lj2wexkfq7cu4y/LB_01062020.pdf?dl=0 Plant and Machinery https://www.dropbox.com/sh/hfnebrlwfwfav9z/AAB5HORKQwlAGH_km8sy9WZ9a?dl=0 Format of examination a. The examination is conducted online (computer-based in a proctored environment) with objective multiple-choice questions;  b. The examination centers are available at various locations across the country;  c. The examination is available on every working day;  d. A candidate may choose the time, the date and the Examination Centre of his choice for taking the Examination. For this purpose, he needs to enrol and register at https://certifications.nism.ac.in/nismaol/ ;  e. A fee of Rs.1500 (One thousand five hundred rupees) is applicable on every enrolment;  f. The duration of the examination is 2 hours;  g. A candidate is required...