DATE FOR DETERMINING ''FAIR MARKET VALUE'' FOR FURTHER ISSUANCE OF SHARES

 DATE FOR DETERMINING ''FAIR MARKET VALUE'' FOR FURTHER ISSUANCE OF SHARES

VIOLATION OF RULE 14 OF THE COMPANIES (PROSPECTUS AND ALLOTMENT OF SECURITIES) RULES, 2014.

IN THE MATTER OF ROC, CHENNAI VS M/S VALUEPLUS TECHNOLOGIES PRIVATE LIMITED

Relevant Date for determining ''Fair Market Value'' of shares of the Company, as per the Valuation Report obtained from Registered Valuer, must be at least 30 days prior to the date of the General Meeting approving the issuance of equity shares.

However, the Company failed to do so, result in a violation of Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014.

Failure to file Valuation Report within 30 days from date of EGM resulted in ROC Chennai imposing a penalty of ₹15,000 on the company and its directors.

# R V SECKAR, FCS, LLB 79047 19295,