Companies act- rights issue

Pankaj Khodaskar (Querist) 05 November 2014 This query is : Resolved
Section 62(1) of the Companies Act, 2013 allows issue of securities on rights basis to the existing shareholders. The Companies Act, 2013 has also introduced concept of registered valuer and in case of preferential allotment of securities, the value needs to be determined as per value determined by the registered valuer. Whether even in case of rights issue of securities, the company is required to follow price determined by such valuer or the Board can decide the price for such issue on rights basis?

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