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Merchant Banker, Registered Valuer and Practicing Chartered Accountants which report will suffice for which law?
Do we actually need all  three reports?
When can we avoid these reports and save on some costs?
There is a lot of confusion around the  usages of valuation reports and their  procurement.  A lot of early stage startups have to incur heavy  cost in procuring these reports. 
Particulars Registered Value's Report Law which requires Merchant Banker's Report* Law which requires
If the funds have been  raised from India (i.e. all are  resident investors) 
Required
Companies Act 2013, requires a registered valuer’s report
Required
To comply with the provisions off Income Tax Act 1956

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