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What we do
- Company incorporation and post-incorporation compliance
- DPIIT Startup India recognition and related benefits
- Funding-round compliance: private placement and preferential allotment filings, share certificates and registers
- FDI compliance: pricing and valuation coordination, FC-GPR and FC-TRS reporting on the RBI FIRMS portal, annual FLA return
- Convertible instruments: CCPS, CCDs and convertible notes for eligible startups
- ESOP schemes, grants and annual ESOP compliance
- Cap table maintenance and investor reporting packs
- Due diligence readiness: data rooms and document hygiene before a round
- Cross-border structuring support: Indian subsidiaries of foreign startups, and "reverse flips" back to India
For overseas founders and funds
Foreign startups often set up an Indian subsidiary for engineering or sales. Each investment from the parent into that subsidiary is foreign direct investment and must follow FEMA pricing rules and RBI reporting deadlines. Investors with links to countries that share a land border with India, including China, need government approval under Press Note 3 (2020) before investing.
We handle the Indian side end to end and coordinate with your counsel and accountants abroad.
Deadlines that catch founders out
| Event | Filing | Deadline |
|---|---|---|
| Shares issued to a foreign investor | FC-GPR | 30 days from allotment |
| Share transfer between resident and non-resident | FC-TRS | 60 days |
| Shares to be issued after receiving foreign funds | Allotment | 60 days from receipt |
| Return of allotment (private placement) | PAS-3 | 15 days from allotment |
| Foreign liabilities and assets | FLA return | 15 July each year |
Common questions
Do foreign investors need approval to invest in an Indian startup?
In most sectors, no. Investment is allowed under the automatic route, subject to pricing and reporting rules. Investors connected with countries sharing a land border with India need government approval in every sector.
Is angel tax still a concern?
The Finance (No. 2) Act, 2024 removed the tax on share premium under Section 56(2)(viib) (often called angel tax) from the 2025–26 assessment year. Valuation rules under FEMA and the Companies Act still apply.
Can you work with our lawyers and auditors?
Yes. We regularly work alongside a client's legal counsel, statutory auditors and overseas advisers, and take care of the compliance workstream.
Tell us what you are working on. We reply within one business day with next steps and a fixed-fee or retainer proposal where possible.
Jurisdiction: IndiaLast reviewed: 26 October 2026General information, not legal or investment advice