Format pack, 2 formats · FV08-B3

Pricing Guidelines, What FEMA Requires on Price

2 ready-to-use formats: Valuation certificate under Rule 21, issue or transfer of equity instruments involving a person resident outside India; Engagement confirmation, FEMA valuation.

Length
4 pages
Blanks to fill
65
Files
Word and PDF
Law stated to
16 September 2026

The 2 formats inside

  1. 1Valuation certificate under Rule 21, issue or transfer of equity instruments involving a person resident outside IndiaRule 21 NDI Rules 201950 blanksOn its own₹149
  2. 2Engagement confirmation, FEMA valuationRule 21 NDI Rules · ICAI engagement standards25 blanksOn its own₹149

Read the opening

The first part of “Valuation certificate under Rule 21, issue or transfer of equity instruments involving a person resident outside India”, as it downloads. Blanks are highlighted.

On the letterhead of the Chartered Accountant in practice / practising Cost Accountant (for a swap: SEBI-registered Merchant Banker holding valuation registration through its separate business unit, or an investment banker registered outside India)

CERTIFICATE OF FAIR VALUE
UNDER RULE 21 OF THE FOREIGN EXCHANGE MANAGEMENT (NON-DEBT INSTRUMENTS) RULES, 2019

To
The Board of Directors
[Name of the company]
[Registered office]
CIN: [Company's CIN]

11 more paragraphs and tables follow in the full format.

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