Answers before you ask
Twelve questions, in the order people actually ask them.
No brochure answers. Each one names the statute, the day-count or the ₹ figure that makes it checkable — and the twelve here are the ones that come up before a company signs.
Product
Q.01What is the append-only ledger, actually?
Every allotment, transfer, conversion and ESOP event is written once and never edited or deleted — the database revokes UPDATE and DELETE on the transaction log, even for our own service role. Your cap table is not a stored number; it is a view computed by replaying that log, so any figure can be traced back to the resolution that produced it. A mistake is corrected with a reversing entry that stays visible, the way a paper register works.
Sec 88
Q.02Can I import from spreadsheets or another cap table provider?
Yes. We take your existing register or export — Excel, Google Sheets, or a CSV from another provider — and replay it into the ledger as a dated sequence of allotments, transfers and conversions, not a single opening balance. Reconciliation is line-by-line against your last-filed MGT-7 and share certificates before the ledger goes live; most companies are fully migrated inside a week.
Migration
Q.03What does Saral prepare, and what does it file?
Saral prepares documents and tracks deadlines. A practising professional files and certifies — Saral never files, pays or certifies on your behalf.
Boundary
Compliance
Q.04Which filings does Saral actually track?
PAS-3 (return of allotment), MGT-14 (board and shareholder resolutions), FC-GPR (foreign allotments, via FIRMS), AOC-4 and MGT-7 (annual filings), DPT-3 (deposits and loan statements) and DIR-3 KYC (director KYC) all run off the same ledger — each obligation is generated the moment the triggering event is recorded, with its statutory deadline attached, not typed in by hand afterwards.
Sec 92 · 137
Q.05How does the 30-day PAS-3 clock actually work?
The clock starts on the allotment date recorded in the ledger, not the date someone remembers to open the form. Private placements under Section 42 give you 30 days from allotment to file the return; Saral drafts the PAS-3 the same day the allotment is entered and surfaces the running day-count until your CS files it — the deadline is a fact derived from the event, never a manual reminder someone set.
Sec 42 · 39
Q.06What is Rule 9B demat, and does it apply to us?
Rule 9B of the Companies (Prospectus and Allotment of Securities) Rules requires unlisted companies above the prescribed thresholds to dematerialise their securities — obtaining an ISIN through an RTA and NSDL or CDSL — before issuing or transferring further shares. Saral flags when your company crosses that threshold and tracks the PAS-6 reconciliation between your book records and demat holdings that follows.
Rule 9B
Fundraising
Q.07How is an iSAFE different from a US SAFE?
A US-style SAFE is not, by itself, a security Indian company law recognises — so an iSAFE is legally wrapped as a CCPS or a CCD from day one, carrying the conversion trigger, valuation cap and discount as structured terms on an instrument that Sections 42 and 62 already know how to allot and convert. The commercial deal reads like a SAFE; the paper underneath is compliant from the first cheque.
Sec 42 · 62
Q.08What do investors actually see once they hold a position?
A standing access grant to their slice of the cap table and data room — not a PDF that goes stale the day after it is sent. Ownership percentage, instrument terms and diligence documents update as the ledger updates, and foreign investors see their FC-GPR filing status against the 30-day RBI clock directly, instead of asking your CS for a status update by email.
MGT-1 · FC-GPR
Q.09Do you only support iSAFEs, or priced rounds too?
Both. A priced round is a Section 42 private placement of equity or CCPS with valuation, board and shareholder approvals modelled the same way as any other allotment — offer letter, PAS-4, board resolution and the PAS-3 clock all drafted from the round terms. iSAFEs are the fast first cheque; priced rounds are the same ledger with a Rule 11UA valuation attached.
Sec 42
Security & data
Q.10Where does our data actually live?
AWS ap-south-1, Mumbai — database and file storage both, with no fallback region outside India. Data residency is a design constraint we built to, not an add-on we upsell later.
AWS-BOM
Q.11Who can see my cap table?
Only the people your company grants access to, enforced by Postgres Row-Level Security keyed on company_id on every tenant table — not by application code that could be bypassed. Investors see their own position; employees see their own grants; a diligence viewer sees exactly the data-room folders you opened, and nothing else. Our test suite includes cross-company proofs that an account with positions in two companies sees both and sees nothing of a third.
RLS-ALL
Q.12Are you SOC 2 Type II certified?
The attestation is in progress, not yet issued — we would rather say that plainly than round it up. In the meantime the controls it audits are already live and independently checkable: append-only enforcement at the database, RLS on every tenant table, and a nightly encrypted-backup restore drill we actually run against real dumps.
SOC2-T2
Question thirteen
Ask us the 13th question.
If it is not one of the twelve above, write it in — we would rather answer it once here than have you find out mid-round.
A CapEasy engineer replies within a working day.