Why this packages from Wazzeer?

A Funding Compliance Package is a set of services offered by our professional team at Wazzeer to help businesses like yours to comply with the rules and regulations related to funding and investments in India. The package typically includes a range of services designed to guide you through the process of securing funding, from initial planning to launch and ongoing compliance.

The specific services included in a Funding Compliance Package may vary depending on the funding round and type of funding the business is receiving. The benefits of choosing our package:

• Expertise: We at Wazzeer have a team of professionals with 10 years of experience, who are well-versed in the legal and regulatory requirements for raising funding from angel investors. By engaging with us for your funding compliance needs, you can benefit from our expertise and ensure compliance with all applicable laws and regulations.
• Time-saving: Raising funding from investors can be a time-consuming process, requiring extensive documentation, due diligence, and interaction with investors. By outsourcing these tasks to us at Wazzeer, you can save time and focus on other important aspects of your business, such as product development and customer acquisition.
• Cost-effective: We offer our package at a competitive pricing, which can be more cost-effective than hiring an in-house team of legal and regulatory experts. Additionally, we can help you identify potential cost savings and tax incentives that may be available to your business.
• Peace of mind: By engaging with Wazzeer for your funding compliance needs, you can have peace of mind knowing that your process of fundraising activities are being conducted in compliance with all applicable laws and regulations, and that you have access to ongoing support and advice as needed.
• Customisation: We offer customised packages for the process of  funding compliance based on the specific needs of your business, including the type of funding, the stage of your business, and the industry in which you operate. This ensures that you receive the services that are most relevant and valuable to your business.

Who Should Buy?

The Funding Compliance Package from Wazzeer is suitable for startups and other businesses seeking to raise funding from investors. Specifically, it can be beneficial for:

• Early-stage startups: If you are an early-stage startup looking to raise funding from angel investors or receive venture capitalists funding, a funding compliance package from Wazzeer can provide the expertise and guidance you need to ensure compliance with all applicable laws and regulations.
• Growth-stage startups: As your startup grows and seeks additional rounds of funding, the regulatory landscape becomes increasingly complex. Hence we at Wazzeer can help to ensure that you remain compliant with all applicable laws and regulations as you raise larger sums of funding.
• Venture capital firms: Venture capital firms seeking to invest in Indian startups can benefit from Wazzeer’s expertise and insights into the regulatory landscape. This can help ensure that your investments are compliant with all applicable laws and regulations, reducing the risk of legal or regulatory issues down the line.
• Private equity firms: Private equity firms ready to make an investment in India can also benefit from our funding compliance packages as we take care of due diligence and compliance services, so you can be sure that your investments are legally sound and the risk of regulatory issues will be minimised.

What this package includes?

• Consultation: We’ll provide you consultation regarding type of equity you should offer to your investors based on the stage of your star-up, legal advisory as well all the legal terms around funding.
• Drafting of Terms Sheet: Before receiving funds it’s important to figure out what conditions investors would imply in exchange of funding your company and that can be tedious but as long as we’re here you don’t need to be worried as our team would provide their assistance with drafting of term sheet.
• Valuation Certificate: It’s required to know the market value of shares of your company, based on this valuation only the investors invest in the company.
• SHA (Shareholders agreement): It’s a document that defines how a company should operate along with describing rights and obligations of the shareholders. An SSA (share subscription agreement will be drafted too.
• Change in Authorised share capital: Authorised share capital refers to the total amount of capital a company has in the form of shares thus when a situation arises a company can make change to it.
• Various Approvals: Next company needs to call a General Meeting with shareholders for approval of issue of securities through CCD.
• Filing various forms with with Ministry: We’ll assist with filing of various forms including e-form MGT 14 and PAS -3 with Registrar of Company.
• Obtaining FIRC and KYC from the Banker: Whenever receiving funds from foreign there’s a need of Foreign Inward Remittance Certificate (FIRC) which’s a document that provides proof of inward remittance to India. KYC stands for Know Your Client a document which provided by bank. Wazzeer would help in obtaining both FIRC and KYC from the Banker.
• Issue of shares / Private Placement: Issue of shares is process where investors are allocated shares based on their investment value and valuation of the company.
• RBI reporting: If the company has received any funding from the foreign investors then the company has to inform RBI about the same through submitting forms such as FCGPR or FCTRS.

Documents required

• MOA and AOA of the Company
• Any other documents requested by the Registered Valuer
• Bank Statement
• Extract of EGM
• Extract of BM
• Stamp paper
• FIRC and KYC

Process flow/ step by step procedure

• Share the required documents & information
• Discussion & Advisory
• Drafting Term Sheet
• Conducting Board meeting
• Drafting SHA and SSA
• Conducting EGM
• Getting Various Approvals
• Obtaing documents from Bank
• Allotment of securities
• RBI Compliances

Deliverables

• Valuation Certificate
• Share holders agreement
• Share certificates (if any)
• Term sheet
• Filed e-forms