A startup valuation exists to be examined — by investors in diligence, by the ROC in filings, by the tax officer under Section 56(2)(x). Reports are issued by CA Somesh Chandak as an IBBI Registered Valuer (Securities or Financial Assets, Regn. No. IBBI/RV/06/2024/15744), with the purpose, method reasoning and sensitivity stated on the face of the report.
| Item | Position |
|---|---|
| Capacity | IBBI Registered Valuer — Securities or Financial Assets (IBBI/RV/06/2024/15744) |
| Framework | Companies Act rules / Income-tax Rule 11UA / FEMA context — identified per engagement |
| Standards | Having regard to ICAI Valuation Standards, 2018 and the RV Rules, 2017 |
| Valuation date | Stated; later events treated as subsequent events |
A signed valuation report with methodology annexures, discount-rate build-up, sensitivity table, the schedule of information relied upon, and the management representation letter — a file built for the reviewer who asks "why this number".
Audited and provisional financials, the business model/projections with assumptions, cap table and prior round documents, term sheet or scheme for the current transaction, and instrument terms where CCPS/CCD are involved.
Projections and business assumptions are management's; the valuer tests them for internal consistency and documents reliance. The report speaks as on its valuation date for its stated purpose — reuse for another purpose or date needs a fresh assessment.
Transaction negotiation, fundraising outcomes and regulatory approvals are outside scope. Where a specific law requires a different category of valuer for a purpose, that boundary is identified at scoping rather than papered over.
Investors want one number, the tax rule suggests another. Which wins?
They answer different questions. The engagement identifies each applicable framework and, where a transaction touches more than one, documents the position for each — so the round price and the tax-rule floor/ceiling are reconciled deliberately, not accidentally.
Can you value a pre-revenue startup?
Yes — with projections, round evidence and instrument terms doing the work that history cannot. The report is explicit that early-stage value is assumption-heavy, and shows the sensitivity honestly.
Will the department or an investor definitely accept the valuation?
No professional can assure acceptance. What the report provides is the documented basis reviewers test: stated purpose, method reasoning, assumptions, sensitivity and representations.
How long does it take?
It depends on data readiness — a committed timeline goes into the engagement letter after the scoping call, not into a website.
Do you also handle the ROC filing that follows the issue?
Yes, as a separate scope — see share allotment and ROC funding compliance.
The applicable scope, documentation, professional responsibilities and timelines are agreed in an engagement letter before commencement.
ESOP ValuationFEMA Share ValuationInvestor Due DiligenceRequest a Scope DiscussionThis page describes the service in general terms as on 6 August 2026 and is not professional advice or an assurance of any outcome. Registrations, filings, refunds and departmental outcomes depend on facts and the concerned authority. Figures and due dates change; verify current positions before acting.
| Compliance | Due | Note |
|---|---|---|
| DPT-3 (deposits/loans return) | 30 June (annual) | Covers director loans and advances |
| DIR-3 KYC | 30 September | Now triennial for unchanged particulars |
| AGM (other than first) | 30 September | First AGM: 9 months from first FY end |
| AOC-4 / MGT-7 | 30 / 60 days from AGM | Rs 100 per day per form if late |
| MSME Form 1 | 30 April / 31 October | If MSE dues pending beyond 45 days |
| CCFS-2026 amnesty | Till 31 August 2026 | 90% additional-fee waiver + immunity |
Dates as generally applicable on 15 July 2026; extensions/notifications can change them — confirm current dates before relying.
Provision, transaction, intended users identified.
Framework, standard of value, scope, fees.
Defined data list; management owns inputs.
Methods applied; cross-checks and sensitivity run.
Assumptions walked through with founders.
Final report with annexures issued.
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