Mumbai: The ministry of corporate affairs (MCA) is in the process of drafting valuation standards, or a set of norms that would define how listed and unlisted companies and businesses should be valued, according to two people with direct knowledge of the matter, one of whom is a member of the committee set up for the purpose.
Unlike accounting and auditing, there are no Indian standards for valuation and typically firms value businesses on an ad hoc basis due to lack of uniform standards.
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