Register of entries
The things founders google at 11pm.
Plain-language explainers on Indian equity and compliance — written from the same rulebook Saral runs on, reviewed by a practising Company Secretary.
N° entries 08
Total read 34 min
No jargon. No scare tactics.
Filings & deadlines
- 01What is PAS-6? The half-yearly reconciliation explainedPAS-6 is the half-yearly reconciliation of share capital for unlisted companies under Rule 9A/9B — what it is, who must file, and the deadlines.4 min
- 02PAS-3 deadlines: 15 or 30 days? The trap in the return of allotmentPrivate placements must file PAS-3 within 15 days, not 30 — and the money is locked until you do. The rule most founders learn the expensive way.4 min
- 03What is FC-GPR? Foreign money, a 30-day clock, and the RBIFC-GPR is the RBI filing due within 30 days of allotting shares to a foreign investor — the pack, the portal, and the Late Submission Fee if you miss it.4 min
- 04Rule 9B: your private company probably has to demat its sharesSince 2023, non-small private companies must dematerialise securities. Who is covered, the 18-month entry rule, and what it changes day-to-day.4 min
Instruments & tax
- 05ESOP taxation in India — including the 2026 changeHow ESOPs are taxed at exercise and sale, the merchant-banker FMV rule, and how the Income-tax Act 2025 changed the 80-IAC deferral from 48 to 60 months.5 min
- 06CCPS explained: the instrument your term sheet is actually aboutCompulsorily Convertible Preference Shares — liquidation preference, participation, anti-dilution — explained in plain language for Indian founders.5 min
- 07iSAFE vs SAFE: why the Indian version is a different animalA US SAFE does not fit Indian law. The iSAFE is legally a CCPS or CCD with SAFE-style economics — here is what that means for founders and investors.4 min
- 08The ESOP rules that actually bind you: Rule 12 in plain languageMinimum one-year cliff, who cannot receive ESOPs, resolution requirements — the Rule 12 conditions for private-company ESOPs, explained.4 min