- Sign Term sheet
- Hire a lawyer familiar with company law to draft a Shareholder agreement
- Hiring a CA / CA firm with Company secretary (CS) associates to handle ROC filings to process investment
- Get agreement with investors on Shareholder Agreement. Convening a Board meeting for authorizing the execution of shareholder agreement
- Execution of shareholder agreement
- Issuing form PAS-4 (offer letter ) to the investors along with share application forms serially numbered
- Filling of Form PAS-4 (offer letter) with the ROC within 30 days from the circulation of Form PAS 4
- Completion of all Conditions Precedent (if any in the shareholders agreement)
- Investors shall notify their approval, on which the Investors shall subscribe to shares
- Convening a Board Meeting for issue and allotment of shares to the investors, alteration of the articles of association
- Appointment of nominee director (if mentioned as part of the agreement) on the board
- Receiving the nominee director’s consent in Form DIR-2
- Filling of Form PAS 3 with the RoC (within 30 days from the date of the allotment of shares)
- Filling of Form MGT 14 (declaration of key resolutions) with the RoC, after enclosing the closing board resolution and the shareholders’ resolution
- Filling of Form DIR -12 (after attaching Form DIR – 2, providing for consent to hold the office of a director) with the RoC for appointment of nominee director (if mentioned as part of agreement)