We covered interesting tips on negotiating the ‘commercials’ of a termsheeet - http://novojuris.wordpress.com/2013/08/27/term-sheets-negotiation-and-tips-part-1/ and http://novojuris.wordpress.com/2013/09/03/term-sheets-negotiation-and-tips-part-2/. Negotiating commercial aspects of the termsheet is kind of expected unlike ‘controls’ (please see Part I of this series). Most investors would give a standard response of ‘style of investment’
NEGOTIATING FOUNDER VESTING CLAUSE IN EARLY STAGE TERMSHEETS In Part 1(refer to https://www.novojuris.com/thought-leadership/term-sheets-negotiation-and-tips-part-1), we pointed out on negotiating a few ‘commercial’ aspects. In this post we detail Founder Vesting. Please note, that Founder Vesting is a clause one would see in
The NATIONAL DO NOT CALL REGISTRY (“NDNC”) is an initiative of the Telecom Regulatory Authority of India (TRAI), introduced to prevent consumers from being harassed by promotional calls and text messages from various telemarketers. In lines with the same, TRAI
Securities and Exchange Board of India (SEBI) in a recent ad-interim ex-parte order, debarred two individuals - Mr. Imtiyaz Hanif Khanda and Mr. Vali Mamad Habib Ghaniwala, from providing unauthorized investment advisory and portfolio management services (PMS) via SMS. SEBI
Income Tax Appellate Tribunal in a recent order (Dy. Commissioner of Income-tax (LTU), Bangalore Vs M/s. Biocon Limited) (“Case”) held that “discounts under the ESOP are an employee cost and should be allowed as a deduction over the vesting period, in the hands
Reserve Bank of India has today announced following measures to aim at rationalizing the Foreign Exchange outflows by Resident Indians. a) Reduced the limit for Overseas Direct Investment under automatic route from 400% of the net worth of an Indian Party to 100% of its net
We had shared this note privately to many of the angels and startups who are raising investment. And then, quite a few interesting conversations emerged. Sharing here for the larger audience. Here’s the link to the Budget Speech http://indiabudget.nic.in/bspeecha.asp. The references
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