“We closed the round, celebrated, and found out later the PAS-3 clock was 15 days — not 30. Nobody told us about the funds lock either.”
MCA & FEMA compliance generated from your cap table
In India an equity event is a cascade of legal obligations with exact clocks. Saral treats compliance as the core event loop: the moment you allot, the obligations appear — with the statutory basis in plain language and the filing pack ready.
§ The statute, handled
The Indian-law details, by name.
PAS-3 with the 15-day trap
Private placements and preferential allotments must file in 15 days (Sec 42(8)); rights, bonus and ESOP allotments get 30 (Sec 39(4)). Saral branches by route — and shows the Sec 42(4) funds-lock until the SRN is recorded.
Sequencing enforced
The PAS-4 offer letter physically cannot be generated until the authorising resolution’s MGT-14 is filed (Rule 14(8)). Cash application money is called out as prohibited.
Stamp duty, the current regime
0.005% of consideration on issues, 0.015% on transfers — with the depository-collection distinction, and the Delhi dispute shown honestly with both figures.
FEMA clocks
FC-GPR packs within 30 days for foreign allotments (FIRC, KYC, valuation checklist, CS-certificate draft), FC-TRS per payment tranche, and the register-of-members gate until the acknowledgement is on file.
PAS-6 reconciliation
Half-yearly book-vs-demat reconciliation with an exact diff engine — output labelled as a data pack for your PCS/CA to certify.
Historical, not hysterical
Import five years of history and past deadlines arrive as a review list — never forty red alarms. With the honest note that historical lapses can still carry adjudication exposure.
Questions founders ask
QDoes Saral file with the MCA?
No — deliberately. There is no public MCA filing API, and your CS should stay in charge. Saral prepares the pack (pre-filled field sheet, ledger-generated annexures, document checklist); a practising professional files and certifies.
QWho checked these rules?
A practising Company Secretary reviewed the entire rulebook in July 2026; every correction is documented and tested in our codebase. Where the law is disputed (Delhi stamp duty), Saral shows both readings instead of guessing.
QWhat happens when law changes?
Rules are code with tests. When a rule changes, pending obligations update on the next sync — anything you have already filed is never rewritten.
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