Registered Valuer in Mumbai | Marcken Consulting

Published by Marcken Consulting LLP

When Section 247 of the Companies Act, 2013 was notified in October 2017, together with the Companies (Registered Valuers and Valuation) Rules, 2017, it created a new class of regulated professional: the Registered Valuer. Today, no company in India can complete a merger, undertake a preferential allotment, issue shares for non-cash consideration, or navigate insolvency proceedings without a valuation certified by an IBBI-registered Registered Valuer. For businesses based in or connected to Mumbai, India’s financial capital, choosing the right Registered Valuer in Mumbai is one of the most consequential compliance decisions a board can make.

Table of Contents

1. What Is a Registered Valuer? The Regulatory Foundation

A Registered Valuer (RV) is a professional registered with the Insolvency and Bankruptcy Board of India (IBBI) under the Companies (Registered Valuers and Valuation) Rules, 2017. The RV framework was introduced to bring consistency, accountability, and professional rigour to valuations conducted under Indian corporate law.

Prior to 2017, valuations under company law were conducted by a broad range of professionals, including chartered accountants, merchant bankers, and independent consultants, with no unified regulatory oversight. The introduction of the RV framework changed this fundamentally. With effect from 1 February 2019, only an IBBI-registered Registered Valuer may conduct valuations mandated under the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016. For a detailed comparison of which professional credential applies in which situation, see our guide: Who Can Issue a Business Valuation Report in India?

1.1 The Three Asset Classes of Registered Valuers

IBBI registers valuers across three distinct asset classes. A Registered Valuer in Mumbai may hold one or more of the following registrations:

Securities or Financial Assets (SFA): Covers valuation of equity shares, preference shares, debentures, bonds, mutual fund units, and other financial instruments. This is the most commonly required asset class for corporate transactions.
Land and Building (L&B): Covers valuation of immovable property including land, residential and commercial buildings, and development rights.
Plant and Machinery (P&M): Covers valuation of machinery, equipment, vehicles, and other movable assets used in business operations.

For a full breakdown of which specific properties and instruments fall under each of the three classes, see our pan-India guide: Registered Valuer in India: Asset Classes and Property Types.

Marcken Consulting’s principal, CA Murli Chandak, is registered with IBBI as a Registered Valuer in the Securities or Financial Assets class, the credential required for share valuation, business valuation, ESOP valuation, and financial asset valuation under the Companies Act and the IBC.

1.2 Registered Valuer vs. Merchant Banker vs. Chartered Accountant

One of the most common sources of confusion among Mumbai-based companies is understanding which professional to engage for a valuation assignment. See our detailed post on the difference between an IBBI Registered Valuer and a SEBI Merchant Banker for a full breakdown. The key distinctions are:

Registered Valuer (IBBI): Mandatory for valuations under the Companies Act, 2013 (including Sections 62, 230, 232, 236 and 247) and for IBC insolvency proceedings. Cannot be substituted by any other professional for these purposes.
Merchant Banker (SEBI): Required or permitted for valuations under the Income-tax Act (Rule 11UA of the Income-tax Rules, 1962 and Rule 57 of the Income-tax Rules, 2026, for unquoted share fair market value), for ESOP perquisite valuation, for SEBI-regulated transactions, and for FEMA pricing certificates. An RV certificate is not a substitute for income-tax purposes. See: Merchant Banker Valuation in India, a complete guide.
Chartered Accountant: May conduct valuations for internal management purposes, bank lending, certain contractual requirements, and FEMA pricing certificates (where the FEMA rules permit a Chartered Accountant, a SEBI-registered Merchant Banker or a practising Cost Accountant to certify). However, a CA’s certificate is not a substitute for an RV report under the Companies Act.

Marcken Consulting structures its engagements so that both requirements are addressed together. The Registered Valuer report required under the Companies Act and the IBC is issued by the firm’s IBBI-registered valuer, and where the transaction also requires a certificate under the Income-tax Act, FEMA or SEBI regulations, that certificate is issued by a SEBI-registered Category-I Merchant Banker as part of the same coordinated engagement. Clients therefore deal with one team rather than two disconnected professionals.

2. When Is a Valuation Mandatory in India, and Who Must Certify?

The following table sets out the primary statutory triggers requiring a valuation, together with the professional whose certificate satisfies each requirement. This distinction matters: a Registered Valuer’s report will not satisfy an income-tax requirement, and a Merchant Banker’s certificate will not satisfy a Companies Act requirement. For a comprehensive list of income-tax provisions requiring a valuation report, see: Income Tax Act sections requiring valuation reports. For Companies Act requirements, see: When is a company valuation mandatory under the Companies Act?

Section / Rule	Trigger	Asset Class	Who Must Certify
Section 62(1)(c) read with Rule 13, Companies (Share Capital and Debentures) Rules, 2014	Preferential allotment of shares, including issue for consideration other than cash	Equity shares	Registered Valuer (IBBI)
Section 42 read with Rule 14, Companies (Prospectus and Allotment of Securities) Rules, 2014	Private placement of securities	Equity shares / securities	Registered Valuer (IBBI)
Sections 230 and 232, Companies Act	Merger, demerger, amalgamation, compromise or arrangement	Business / undertaking	Registered Valuer (IBBI)
Section 236, Companies Act	Purchase of minority shareholding by an acquirer holding 90 per cent or more	Equity shares	Registered Valuer (IBBI)
Section 247, Companies Act	Any valuation required under the Act, being the catch-all provision	Any asset class	Registered Valuer (IBBI)
Regulations 27 and 35, IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016	Fair value and liquidation value of the corporate debtor in a CIRP	Business / assets	Two Registered Valuers per asset class
Rule 11UA, Income-tax Rules, 1962 / Rule 57, Income-tax Rules, 2026	Fair market value of unquoted shares for Section 56(2)(x), Section 50CA and corresponding provisions of the Income-tax Act, 2025	Unquoted shares	Merchant Banker or accountant, depending on the sub-rule engaged
Rule 3(8) and 3(9), Income-tax Rules (read with Section 17(2)(vi))	ESOP perquisite fair market value on the date of exercise	Unlisted equity shares	Category-I Merchant Banker
FEMA (Non-debt Instruments) Rules and Overseas Investment regulations	Cross-border issue or transfer of shares, covering FDI and ODI pricing	Equity shares	Chartered Accountant, SEBI-registered Merchant Banker or practising Cost Accountant, as prescribed
Regulations 8 and 9, SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended on 3 December 2025 (in force 2 January 2026)	Open offer price where the target’s shares are not frequently traded; indirect acquisitions where the price cannot be computed under the prescribed parameters; swap ratio where consideration is other than cash	Listed equity	Independent Registered Valuer (IBBI), replacing the acquirer and the manager to the open offer. A nine-month transition applies to assignments already under way
SEBI (LODR) Regulations	Scheme of arrangement valuation; related party transaction fairness opinion	Listed equity	Registered Valuer and / or Merchant Banker, per the applicable regulation

This list is not exhaustive. Several sector-specific regulations, including those issued by RBI for NBFCs, IRDAI for insurers, and IFSCA for GIFT City entities, also require valuation certificates in specific circumstances. For a complete overview of valuation applicability across Indian laws, see: Valuation Applicability in India.

3. Services Provided by a Registered Valuer in Mumbai

A qualified Registered Valuer in Mumbai provides valuation services across a wide spectrum of corporate transactions and compliance requirements. The following sections detail the primary service categories.

3.1 Business Valuation under the Companies Act

Business valuation is required across a range of corporate actions governed by the Companies Act, 2013. Marcken Consulting conducts business valuations using the following methodologies:

Discounted Cash Flow (DCF) / FCFE: The income approach; projects future free cash flows to equity and discounts them at the cost of equity. Preferred for going-concern businesses with predictable cash flow profiles.
Net Asset Value (NAV): The asset approach; adjusts book value of assets and liabilities to fair market value. Preferred for asset-heavy businesses, investment companies, and holding structures.
Comparable Company Multiple (CCM): The market approach; applies revenue or EBITDA multiples derived from listed peer companies. Used as a cross-check or primary method where reliable comparables exist.
Weighted Average Value (WAV): A weighted combination of two or more methods, used where no single approach is definitively superior, which is common in ESOP valuations and cross-border transactions.

3.2 Share Valuation (Listed and Unlisted)

Share valuation in Mumbai encompasses both listed and unlisted companies, each with distinct regulatory requirements:

Unlisted equity shares, Companies Act: Valuation under Section 62(1)(c) read with Rule 13 for preferential allotment, Section 42 read with Rule 14 for private placement, Section 236 for purchase of minority shareholding, and Section 247 generally. The Registered Valuer’s report is the mandatory output.
Unlisted equity shares, Income-tax: Valuation under Rule 11UA of the Income-tax Rules, 1962 (and Rule 57 of the Income-tax Rules, 2026) for determining fair market value under Section 56(2)(x), Section 50CA and corresponding provisions of the Income-tax Act, 2025. Depending on the sub-rule engaged, this requires a certificate from a Merchant Banker or an accountant, and not an RV report. See: Income Tax vs. Companies Act valuation, what is the difference?
Listed equity shares: Fairness opinions and valuation reports for related party transactions, open offers, and scheme valuations. A significant change took effect on 2 January 2026: by the SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2025, notified on 3 December 2025, the open offer price for shares that are not frequently traded — and the swap ratio where consideration is other than cash — must now be determined by an independent Registered Valuer, in place of the acquirer and the manager to the open offer. The Merchant Banker continues to manage the open offer process itself; what has moved is the price determination.

3.3 ESOP Valuation

Employee Stock Option Plan (ESOP) valuation in Mumbai involves three distinct valuation requirements, which do not all rest on the same professional credential. For a complete guide to ESOP valuation, see: How is ESOP Valuation Calculated?

Grant-date fair value, Ind AS 102: The fair value of the option for accounting purposes, computed using an option pricing model such as Black-Scholes-Merton. This supports the share-based payment expense in the financial statements.
Exercise price determination, Companies Act: ESOPs are issued under Section 62(1)(b) read with Rule 12 of the Companies (Share Capital and Debentures) Rules, 2014, which requires the company to determine the exercise price in conformity with applicable accounting policies. Companies routinely obtain an independent fair value of the underlying shares to evidence that the exercise price is properly supported, and a Registered Valuer’s report becomes mandatory where the same shares are also allotted under Section 62(1)(c).
Perquisite fair market value, Rule 3(8) and 3(9) of the Income-tax Rules: The fair market value of unlisted shares on the date of exercise, for computing the perquisite taxable under Section 17(2)(vi), must be determined by a Category-I Merchant Banker on the specified date. Marcken Consulting coordinates the Registered Valuer’s report and the Merchant Banker’s certificate within a single engagement, so that all three requirements are addressed together. See: Rule 11UA vs. 409A Valuation, a comparison.

3.4 Merger, Demerger and Amalgamation Valuation

Sections 230 to 232 of the Companies Act, 2013 govern mergers, demergers, and schemes of arrangement. A Registered Valuer’s report is mandatory for determination of the share exchange ratio, valuation of the undertaking being transferred, and valuation of assets and liabilities in a scheme of arrangement placed before the National Company Law Tribunal (NCLT).

3.5 Insolvency and IBC Valuations

The Insolvency and Bankruptcy Code, 2016 (IBC), read with Regulations 27 and 35 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, requires registered valuers to determine the fair value and liquidation value of the corporate debtor in a Corporate Insolvency Resolution Process (CIRP). Key features of IBC valuation engagements:

Two-valuer requirement: Under Regulation 27, the resolution professional appoints two registered valuers for each asset class. Under Regulation 35, if the two estimates of fair value or liquidation value are significantly different, the resolution professional may appoint a third registered valuer, and the average of the two closest estimates is taken as the final value.
Asset-class specificity: Different assets of the corporate debtor may require different RV registrations (SFA, L&B, P&M). Engagements must be planned accordingly.
Strict timelines: Registered valuers must be appointed within seven days of the resolution professional’s appointment and not later than the forty-seventh day from the insolvency commencement date. Reports must be delivered within the prescribed timeframes.
NCLT interface: Valuation outputs inform the information memorandum made available to prospective resolution applicants and are subject to scrutiny by the committee of creditors and the NCLT.

3.6 FEMA and Cross-Border Valuation

Foreign Direct Investment (FDI) into Indian companies and Overseas Direct Investment (ODI) by Indian entities both require valuation certificates for pricing compliance under FEMA. Marcken Consulting coordinates both sides of a cross-border transaction, being the Registered Valuer’s report required under the Companies Act and the pricing certificate required under FEMA, within a single engagement, so that transactions are not delayed by mismatched or missing certificates. For cross-border ESOP and share transfer valuation requirements, see: Can an Indian Valuer do a 409A Valuation?

4. Mumbai-Specific Valuation Requirements: An Industry Perspective

Mumbai’s position as India’s financial capital means that its business ecosystem is more complex and more heavily regulated than that of most other Indian cities. A Registered Valuer in Mumbai must be conversant with the specific valuation challenges that arise across the city’s dominant industries.

4.1 Banking, Financial Services and Insurance (BFSI)

RBI-regulated entities: Banks, NBFCs, and payment system operators are subject to RBI norms for capital adequacy, stressed asset resolution, and related party transactions, which frequently call for both a Registered Valuer’s report and a Merchant Banker’s certificate.
AIF and PMS structures: Mumbai-based Alternative Investment Funds and Portfolio Management Services require periodic NAV computation and valuation of underlying portfolio companies, many of which are unlisted.
Insurance company valuations: IRDAI regulations require actuarial and financial valuations for insurance company M&A and restructuring transactions; the Registered Valuer’s business valuation forms one component of a broader transaction advisory.

4.2 Real Estate and Infrastructure

Development rights and FSI: Mumbai’s real estate market is among the most complex in Asia, with Floor Space Index (FSI) norms, Transferable Development Rights (TDR), and cluster development schemes creating valuation challenges unique to the city.
Infrastructure project valuation: Mumbai’s infrastructure programme, spanning the metro network, the Coastal Road and the Mumbai Trans Harbour Link, continues to generate valuation requirements for land acquisition, right-of-way compensation, and project company equity.
RERA and project accounts: The Real Estate (Regulation and Development) Act, 2016 requires developers to maintain a separate designated account for each project, with withdrawals certified by an engineer, an architect and a practising Chartered Accountant. Independent valuations are commonly commissioned alongside this for lender reporting, joint development arrangements, and project-level equity transactions.

4.3 Pharmaceuticals and Life Sciences

IP-heavy balance sheets: Mumbai-based pharma companies often hold significant intangible assets, including patents, trademarks, and regulatory approvals, requiring specialised valuation methodologies such as the Relief-from-Royalty or Multi-Period Excess Earnings Method.
Cross-border licensing and royalty arrangements: Royalty payments and technology transfer arrangements between Indian pharma companies and their foreign partners carry FEMA and transfer pricing implications, and are commonly supported by an independent valuation.
Clinical-stage company valuation: Pre-revenue pharma companies require risk-adjusted NPV or milestone-probability approaches rather than conventional DCF, demanding valuers with sector knowledge.

4.4 Technology and Venture-Funded Startups

Pre-revenue companies: Mumbai’s startup ecosystem includes numerous pre-revenue companies where conventional DCF is difficult to apply; valuers may need to rely on comparables, scorecard, or Berkus-type approaches adapted to the Indian context.
DPIIT-recognised startup benefits: DPIIT-recognised startups in Mumbai may avail of the tax holiday under Section 80-IAC and the deferral of ESOP perquisite tax under Section 192(1C). Note that the angel tax charge under Section 56(2)(viib) was abolished by the Finance (No. 2) Act, 2024 with effect from Assessment Year 2025-26. Section 56(2)(x) and Section 50CA nevertheless continue to apply to share transfers, so a compliant valuation remains necessary. See: Taxes on ESOPs for Startups in India.
409A-equivalent valuations: Mumbai-based subsidiaries of US-funded startups increasingly require 409A-equivalent valuations for compliance with the US Internal Revenue Code. See: When is a 409A Valuation Compulsory?

4.5 Media, Entertainment and Sports

Content library valuation: Mumbai is home to India’s media and entertainment industry. Content libraries, IP portfolios, and franchise rights require specialised valuation approaches not covered by standard financial models.
Sports franchise and club valuations: The growth of professional sports leagues has created valuation requirements for franchise acquisitions, media rights, and brand equity, an emerging area for Mumbai-based Registered Valuers.

5. The Valuation Process: What to Expect from a Registered Valuer in Mumbai

Understanding the valuation process helps companies plan their corporate actions efficiently and avoid the delays that arise from incomplete data or last-minute engagement of valuers. The following describes Marcken Consulting’s standard engagement workflow. For context on what valuation engagements typically cost, see: Budgeting for Company Valuation Fees in India.

Step 1: Engagement and Scope Definition

Written engagement letter specifying the purpose of valuation, standard of value, valuation date, methodology, deliverables, and timeline.
Confirmation of the applicable regulatory framework (Companies Act, IBC, FEMA, Income-tax Act, SEBI) and, consequently, of which certificate or certificates are required.
Identification of data requirements: audited financials, projections, cap table, contracts, market data.

Step 2: Data Collection and Due Diligence

Collection of audited financial statements for the last 3 to 5 years.
Management-prepared financial projections reviewed and stress-tested by the valuer.
Industry research, peer company analysis, and market data compilation.
Site visit or management call for businesses requiring operational context.

Step 3: Valuation Analysis

Construction of the valuation model in Excel with full formula transparency.
Application of the selected methodology (DCF, NAV, CCM, or WAV) with documented assumptions.
Sensitivity analysis on key value drivers: revenue growth, EBITDA margin, discount rate, and terminal growth rate.
Cross-check against market multiples and comparable transactions.

Step 4: Report Preparation and Review

Preparation of the Registered Valuer’s report in the form prescribed under Rule 8 of the Companies (Registered Valuers and Valuation) Rules, 2017 and in accordance with the applicable valuation standards.
Internal review and quality check by the principal Registered Valuer.
Sharing of the draft report with the client for factual verification.
Finalisation and signing of the report by the Registered Valuer.

Step 5: Delivery and Post-Report Support

Delivery of the signed report in hard copy and digital format.
Supporting working file in Excel for client records.
Availability for queries from auditors, legal counsel, or regulatory authorities arising from the report.
Typical turnaround: 5 to 10 working days from receipt of complete data.

6. Why Companies in Mumbai Engage Marcken Consulting as their Registered Valuer

Marcken Consulting LLP is an Ahmedabad-headquartered chartered accountancy firm with an active Mumbai client base, providing valuation and corporate advisory services to companies across India’s financial capital. The firm’s principals bring a combination of regulatory credentials, technical depth, and practical experience that makes it a considered choice as a Registered Valuer in Mumbai.

IBBI Registered Valuer, Securities or Financial Assets: CA Murli Chandak is registered with IBBI as a Registered Valuer in the SFA class, the mandatory credential for Companies Act and IBC valuations. The registration particulars appear on every valuation report issued. See: IBBI Registered Valuer vs. SEBI Merchant Banker, which do you need?
Merchant Banker certificates: Where an engagement also requires a certificate under the Income-tax Act (Rule 11UA / Rule 57), a FEMA pricing certificate, or a certificate for a SEBI-regulated transaction, that certificate is issued by a SEBI-registered Category-I Merchant Banker as part of the same engagement. See: Merchant Banker Valuation in India.
Single coordinated engagement: Clients in Mumbai receive the Registered Valuer’s report and, where required, the Merchant Banker’s certificate through one coordinated engagement, which removes the cost and delay of separately appointing and briefing two sets of professionals.
Transparent methodology: DCF and NAV models built in Excel with full working transparency. Clients receive editable working files, not opaque output documents.
Industry coverage: Active mandates across BFSI, pharmaceuticals, technology, real estate, manufacturing, and GIFT City entities, covering Mumbai’s principal industry sectors.
Regulatory familiarity: Reports are prepared in the form prescribed under the Companies (Registered Valuers and Valuation) Rules, 2017 and in accordance with the applicable valuation standards, and have been relied upon in filings and proceedings before the NCLT, the MCA, the income-tax authorities and regulated lenders.
Speed and confidentiality: Typical turnaround of 5 to 10 working days for share valuation reports, and strict confidentiality protocols on all client data.

7. Frequently Asked Questions: Registered Valuer in Mumbai

Q1. Is a Registered Valuer mandatory for all company valuations in India?

No. An IBBI Registered Valuer is mandatory specifically for valuations required under the Companies Act, 2013 (including Sections 62, 230, 232, 236 and 247 and the related rules) and under the Insolvency and Bankruptcy Code, 2016. For income-tax purposes (Rule 11UA of the Income-tax Rules, 1962 and Rule 57 of the Income-tax Rules, 2026), the certificate must come from a Merchant Banker or an accountant, depending on the sub-rule engaged. For FEMA pricing, a Chartered Accountant, a SEBI-registered Merchant Banker or a practising Cost Accountant may certify, as prescribed. For internal management valuations, bank financing, or purely contractual purposes, there is no statutory mandate, though an independent valuation adds credibility. See: Valuation Applicability in India, a comprehensive overview.

Q2. Can a Chartered Accountant issue a Registered Valuer’s report?

Not automatically. A Chartered Accountant must additionally hold IBBI registration as a Registered Valuer in the relevant asset class. The CA qualification is a route to eligibility for RV registration, but the registration itself is a separate credential granted by IBBI after enrolment with a Registered Valuers Organisation, completion of the prescribed educational course, and passing the valuation examination. A Chartered Accountant without RV registration cannot issue a valuation report under Section 247 of the Companies Act.

Q3. What is the difference between a Registered Valuer’s report and a Merchant Banker’s certificate?

A Registered Valuer’s report is required under the Companies Act, 2013 and the IBC. It is signed by an IBBI-registered Registered Valuer and follows the form prescribed under the Companies (Registered Valuers and Valuation) Rules, 2017. A Merchant Banker’s certificate is required under the Income-tax Act and, in specified circumstances, under FEMA and SEBI regulations. Both documents may be required for the same transaction. For example, an ESOP exercise may call for a Registered Valuer’s report to support the Companies Act allotment and a Category-I Merchant Banker’s certificate under Rule 3(8) and 3(9) of the Income-tax Rules for computing the perquisite. See: IBBI Registered Valuer vs. SEBI Merchant Banker, full comparison.

Q4. How long is a Registered Valuer’s report valid?

The Companies Act and the IBBI regulations do not prescribe a fixed validity period for a Registered Valuer’s report. Specific timelines do apply elsewhere. For the ESOP perquisite, Rule 3(9) of the Income-tax Rules requires the Merchant Banker’s certificate to be dated on the exercise date, or on an earlier date not more than 180 days before it. FEMA pricing certificates are similarly expected to be recent. As a matter of practice, the valuation date should be close to the date of the corporate action and supported by the latest audited financial statements. It is advisable to obtain a fresh valuation report for each significant corporate action rather than relying on a report prepared for a prior transaction.

Q5. What documents are required to engage a Registered Valuer in Mumbai?

The standard data requirements for a share or business valuation engagement include: audited financial statements for the last 3 to 5 years, management-prepared financial projections, the company’s memorandum and articles of association, the latest cap table and shareholding pattern, any existing shareholder agreements or term sheets, details of pending litigation or contingent liabilities, and a brief description of the business including products, markets, and competitive positioning.

Q6. Does Marcken Consulting serve clients across India or only in Ahmedabad and Mumbai?

Marcken Consulting serves clients across India. While the firm is headquartered in Ahmedabad and has a strong Mumbai client base, it has conducted valuation assignments for companies in Bengaluru, Delhi, Hyderabad, Chennai, Pune, and other cities. Engagements are typically conducted remotely with data exchange by email; site visits are arranged where operationally necessary.

Q7. What is the typical fee for a Registered Valuer in Mumbai?

Fees depend on the scope, complexity, and purpose of the valuation. A standalone valuation report for a share allotment or ESOP exercise is priced at a flat professional fee. A comprehensive business valuation for a merger or an IBC proceeding involves a larger scope and is priced accordingly. Marcken Consulting provides a fixed-fee quote on receipt of the engagement brief. Success-based or contingent fee arrangements are not offered for Registered Valuer engagements, as Clause 18 of the Model Code of Conduct in Annexure I to the Companies (Registered Valuers and Valuation) Rules, 2017 provides that an independent valuer shall not charge a success fee. For reference, see: Budgeting for Company Valuation Fees in India.

8. Engaging Marcken Consulting as Your Registered Valuer in Mumbai

Whether you are a Mumbai-based company planning a share allotment, restructuring under the Companies Act, navigating an IBC proceeding, implementing an ESOP, or executing a cross-border transaction under FEMA, Marcken Consulting provides the regulatory credentials and technical depth to deliver compliant, well-documented valuation reports.

A preliminary discussion, covering the purpose of the valuation, the applicable regulatory framework, the timeline, and the data available, is the first step. This discussion is available at no charge and typically takes 30 minutes.

Reach out to us at: marckenconsulting.com
Marcken Consulting LLP: Registered Valuer (Securities or Financial Assets) and Corporate Advisory Services | Ahmedabad and Mumbai

Disclaimer: This article is intended for general informational purposes only and does not constitute legal, tax, or financial advice. Readers are advised to consult a qualified professional before acting on any information contained herein. The statutory provisions referred to above are subject to amendment, and the Income-tax Act, 2025 together with the Income-tax Rules, 2026 has replaced the Income-tax Act, 1961 with effect from 1 April 2026. Please verify the current position at the time of acting.

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