somesh@sschandak.com
Thane | Mumbai | Bangalore
Mon-Sat: 10AM-7PM

Diligence is an open-book exam where the questions are known in advance: corporate records, financials, tax, contracts, IP, cap table. Founders who prepare the data room before the term sheet keep leverage and momentum; founders who scramble after it leak both. This engagement runs sell-side readiness properly.

When this service is typically required

  • A round is forming and diligence is weeks away — what investors actually check
  • A previous diligence stalled on findings that were fixable
  • The data room is a shared drive of unsorted PDFs
  • Founders want an honest pre-mortem: what will diligence find?

Indicative scope

  • Readiness audit across corporate, financial, tax, GST/TDS, ROC, IP and HR trails
  • Red-flag memo with severity and cure-time for each finding
  • Cure execution for the fixable: filings, registers, reconciliations, papering
  • Data-room build: indexed, versioned, permissioned
  • Q&A support through the diligence window

Key points at a glance

ItemPosition
TimingReadiness work before the term sheet preserves valuation leverage
FindingsMost red flags are curable — if found by your side first
Data roomIndexed to the standard checklist investors' counsel actually send
ToneDisclosed-and-explained beats discovered-and-negotiated, every time

Deliverables

The red-flag memo, cured-items evidence, the structured data room, and a disclosure schedule draft aligned to what the room shows.

Information and documents generally required

Everything — that is the point: corporate records, financials, returns, contracts, IP filings, HR papers, prior round documents.

Engagement process

01 · AuditThe investor's checklist run by your side first.
02 · CureFixable items fixed, with evidence.
03 · AssembleData room built and indexed.
04 · SupportQ&A answered fast through closing.

Client responsibilities, assumptions and reliance

Full disclosure to your own advisor is the working rule — surprises to us become surprises to investors at worse moments. Cure decisions and their costs are founder calls.

Scope exclusions

Deal negotiation and SHA/SSA legal drafting (coordinated with counsel), and buy-side diligence for investors (a separate engagement shape).

Frequently asked questions

How early is early enough?

Six to eight weeks before expected diligence is comfortable; less is workable with focus. The audit itself takes days — cures are what need calendar.

Will you tell investors about problems you find?

We work for you — findings go to you, with cure plans. What is disclosed and when is your call, advised honestly on how each choice tends to play.

What kills rounds most often?

Not scandal — drift: unfiled allotments, unregistered IP assignments, GST/TDS gaps, cap-table mismatches. All boring, all curable, all fatal in bulk at the wrong moment.

Is the data room reusable for the next round?

That is the design: maintained per the update protocol, round two starts from ready.

Discuss this requirement

The applicable scope, documentation, professional responsibilities and timelines are agreed in an engagement letter before commencement.

Cap Table ManagementStartup ValuationROC FilingsRequest a Scope Discussion

This page describes the service in general terms as on 6 August 2026 and is not professional advice or an assurance of any outcome. Registrations, filings, refunds and departmental outcomes depend on facts and the concerned authority. Figures and due dates change; verify current positions before acting.

FEMA calendar alertThe FLA return for FY 2025-26 fell due on 15 July 2026 — companies and LLPs with FDI/ODI that missed it should file with late submission fee before RBI follow-up.FLA return guide →
Key due dates at a glance — FY 2026-27
ComplianceDueNote
FLA return (RBI)15 July (annual)All entities with FDI/ODI on books
FC-GPR30 days from allotmentFor fresh foreign investment
Valuation report (Rule 11UA / FEMA)Before issue price is fixedMethod and valuer depend on route
ESOP: board/valuation/PAS-3 chainEvent-basedPerquisite TDS on exercise
DPIIT recognitionAnytime (before benefits)Needed for 80-IAC and angel-tax relief

Dates as generally applicable on 15 July 2026; extensions/notifications can change them — confirm current dates before relying.

What's Included

  • Readiness audit across corporate, financial, tax, GST/TDS, ROC, IP and HR trails
  • Red-flag memo with severity and cure-time for each finding
  • Cure execution for the fixable: filings, registers, reconciliations, papering
  • Data-room build: indexed, versioned, permissioned
  • Q&A support through the diligence window

Our Process

1
Audit

The investor's checklist run by your side first.

2
Cure

Fixable items fixed, with evidence.

3
Assemble

Data room built and indexed.

4
Support

Q&A answered fast through closing.

Get Started

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