Many founders view the conversion of Compulsorily Convertible Preference Shares (CCPS) into equity as a standard formality. In practice, this step can trigger significant legal, regulatory, and tax implications that directly impact control, dilution, valuation, and...

FEMA – INSHIGHTS ON FEMA VIOLATION Important judgment - Madras Hight Court Challenging ED's Show Cause Notice for Alleged FEMA Violation - reasonable time for initiating proceedings  𝗞𝗲𝘆 𝗣𝗼𝗶𝗻𝘁: Court addressed writ petitions challenging complaints and...

Liberalised Remittance Scheme(LRS) The Reserve Bank of India (RBI) introduced the Liberalised Remittance Scheme (LRS) on February 4, 2004. Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to...