Create a account:
Companies needs to complete lot of corporate law compliances at the time of fundraising activity which includes the increase of authorised share capital, preparation of PAS-4, PAS-5, filing of MGT-14, alteration of Articles of Association, allotment of shares etc.
It is therefore utmost important for the companies and its founders to understand the compliance around it and ensure the timely closure of the same.
Company can accept the investment in the following ways:
These securities can be issued either by:
Securities can be issued through private placement as per the provisions of Section 42 read with Companies (prospectus and allotment of securities) Rules, 2014, in this a private placement shall be made only to selected group of persons who have been identified by the Board of Directors.
As per provisions of section 62(a) of Companies Act, 2013, Whenever company want to increase its subscribed capital by issue of further shares than in that case such shares shall be offered to the existing equity shareholders. This is called as pre-emptive right.
In case subscription money is received from the person resident out of india, the fom FCGPR shall be required to be filed within 30 days of allotment.
As per provisions of section 62(c) of Companies Act, 2013, this referred to the issuance of securities to any person for cash or for a consideration other than cash. Provisions of section 42 are also applicable in this case.
Preferential Offer’ means an issue of shares or other securities, by a company to any select person or group of persons on a preferential basis and does not include shares or other securities offered through a public issue, rights issue, employee stock option scheme, employee stock purchase scheme or an issue of sweat equity shares or bonus shares or depository receipts issued in a country outside India or foreign securities;
Startupfino is working with Startups since last 10 years with an unparalleled experience of helping fast growing startups. Our Success can be witnessed through the numbers given below.
Startupfino is managing my accounts and its such a relaxed and smooth journey so far , I dont have to worry about timely execution of the work . They manage my invoicing, finances and compliances in a efficient way. I wish karan and team all the very best for the future of this startup .
Startupfino provided Shadowfax with an end to end support in managing compliance and accounts during our early stage and helped us transition to a full fledged finance team post our multiple Venture rounds of Capital. Highly recommended for first time founders who are looking for on-the-call solutions for specialized accounting, taxation and statutory compliances.
I have been working with Startupfino on a couple of our portfolio companies. I have found this team highly responsive and they truly understand issues faced by startups. I would highly recommend them to startups for their accounting and compliance needs.
I have been working with Karan and team with a long time now. Karan’s thought of clarity is remarkable. He is very easily able to distill the problem and provide a solution which suits everyone needs. Would highly recommend others to explore services provided by Karan and his team at Startupfino.
Team FINO has been there with us since we began our journey 5 years back..the reason for our long lasting relationship was the trust that the Fino team members reciprocated. Compliance of both our USA and India entity are handled by them. I’d highly recommend StartUpfino to early stage startups”
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The very foundation of a Startupfino is laid down by the founding member of it. Mr. Karan is a great person and getting to know that he is floating his own startup got me really excited. I really love the services offered by StartupFino and now getting these services through a more efficient and controlled platform is going to be truly amazing.
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We have been working Karan and Startupfino team for almost 5 years now. In any startup legal and financial work takes huge time and the way Karan takes the ownership of the work, as a founder you are able to save lot of time and be tension free. Highly recommended.