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1[FORM O-12 [See
rule 12 of Schedule III] Certificate
of the auditor on valuation of unquoted equity
share of an investment company *
I/We have examined the balance sheet of....................................................................................................
[Name
and address of the assessee] :..............................................................................for
the period ending 31st March, 19....... which is in [Permanent
account number] agreement
with the books of account maintained at the head office ....................................
at ......................
and branches at....................................... *I/We
have obtained all the information and explanations which to the best of my/our
knowledge
and belief were necessary for the purposes of the audit and valuation of the
assets
and liabilities : , (a)
The value of assets shown in the balance sheet is
Rs.„............................. (b)
Adjusted value of assets arrived at by applying the rules
of Schedule III to the Wealth-tax Act relevant to
that asset .**
Rs...„........................... (c)
The value of liabilities shown in the balance sheet
Rs................................ (d)
Total paid-up equity share capital
Rs................................ (e)
The result of(b-c)/d :
Rs.................................
(f)
Paid up value of each equity share
Rs................................ (g)
Value of each equity share (e + f)
Rs................................ Place............................... .................................................... Date................................
Signed Auditor(s)***
Notes:
1.
*Delete whichever is not applicable. 2.
**The value of any asset not covered by the rules of valuation in the Schedule
shall be
the price which it would fetch if sold in the open market on the valuation date.
3.
***This report has to be given by the auditors appointed under section 224 of
the Companies
Act, 1956.]
____________________
1. Inserted by the Wealth-tax (Second Amendment)Rules , 1989 , w.e.f. 9-5-1989