Section 103 valuation

Section 103 valuation
A valuation by an independent party of the non-cash consideration offered for shares to be allotted in a public company (section 103, Companies Act 1985). A report on the value must be made to the company within six months of the proposed allotment and sent to the proposed allottee.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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