For founders raising a round in India

Close your first round on Indian paper.

An iSAFE wrapped as a CCPS or CCD, not a US SAFE bolted onto a Delaware template. Saral drafts the Sec 42 offer letter and board resolutions from your term sheet, then runs the PAS-3 30-day clock the moment the allotment is posted.

40 early-access seats this quarter.

Each allotment writes a new row on the register the day the money lands.

The raise, as a register

No.StageWhat Saral preparesStatutory basis

01Term sheetTerm sheetValuation, round size and rights logged against the ledger before a rupee moves — every clause traceable to the resolution that will authorise it.Sec 42Sec 42

02iSAFE / CCPS issueiSAFE / CCPS issueThe India-native instrument — an iSAFE wrapped as a CCPS or CCD, not a Delaware SAFE — with conversion and liquidation-preference terms modelled as structured data, not a PDF clause.Sec 62(1)(c)Sec 62(1)(c)

03Board + shareholder resolutionsBoard + shareholder resolutionsPrivate-placement offer letters and resolutions drafted from the round terms, ready for your board to pass and your CS to file.MGT-14MGT-14

04Allotment + PAS-3Allotment + PAS-3Allotment posted to the ledger the day money lands; the PAS-3 return of allotment is prepared with the 30-day clock counting down from that entry.PAS-3 · 30dPAS-3 · 30d

05FC-GPR, if foreignFC-GPR, if foreignForeign cheques valued on the Rule 11UA basis the round used, with the FC-GPR filing prepared inside 30 days of allotment via FIRMS/SMF.FEMA 20(R)FEMA 20(R)

One posted allotment, three things handled.

The instrument converts on the ledger

An iSAFE is recorded as its legal wrapper — a CCPS or CCD — with cap, discount and conversion terms as structured data, not a PDF clause.

The PAS-3 clock starts at the entry

The return of allotment is due at the ROC within 30 days of issue. Saral counts from the ledger entry, not from memory.

The deal room is gated to the round

Offer letters, resolutions and the cap table shown to an investor are logged against the round, with access granted per person.

The deal room

Signature packets and diligence documents, gated to the ledger — not a shared drive.

Every offer letter, resolution and cap table exposed to an investor is logged as an entry against the round it belongs to. Closing is doc-gated: signatures land, then the allotment posts — never the other way round, and the MGT-14 filing for that resolution stays inside its own 30-day clock.

The resolution is drafted before the board sits down, not minuted after.

Close your next round on the record.

Term sheet to PAS-3 on one ledger. Saral prepares the paper; your Company Secretary signs and files it — the boundary stays explicit throughout.

40 seats this quarter · a CapEasy engineer replies within a working day.