Treelife Resources

Every fundraise produces two conversations. The first is commercial: valuation, dilution, board seats, liquidation preference. The second is legal: what statements the company and founders make about the business, how long those statements remain alive, and how much money is on the line if any of them are wrong. That…

Every time you raise a new round, two separate legal frameworks are activated simultaneously. The first is statutory: Section 62 of the Companies Act 2013 gives every existing equity shareholder a legal right to participate in any fresh share issuance before shares are offered to new investors. The second is…

A reserved matters clause is the section of a Shareholders’ Agreement (SHA) that lists every corporate decision the company cannot take without the affirmative consent of the investor, irrespective of what the majority of shareholders or the board decides. An investor holding 12% of your company can use a broadly…

Every SHA negotiation eventually settles on ROFR or ROFO. The clause gets signed, the round closes, and everyone moves on. Then, two or three years later, a founder wants to do a secondary sale, a co-founder wants to exit, or an ESOP holder wants liquidity. That is when the clause…

A liaison office (LO) approved by the Reserve Bank of India carries no revenues, no taxable income, and no commercial contracts. What the approval letter does not make obvious is that the post-approval compliance architecture spans five regulators, at least nine mandatory annual filings, and three separate deadline windows that…

Every fundraise produces two conversations. The first is commercial: valuation, dilution, board seats, liquidation preference. The second is legal: what statements the company and founders make about the business, how long those statements remain alive, and how much money is on the line if any of them are wrong. That…

Every time you raise a new round, two separate legal frameworks are activated simultaneously. The first is statutory: Section 62 of the Companies Act 2013 gives every existing equity shareholder a legal right to participate in any fresh share issuance before shares are offered to new investors. The second is…

A reserved matters clause is the section of a Shareholders’ Agreement (SHA) that lists every corporate decision the company cannot take without the affirmative consent of the investor, irrespective of what the majority of shareholders or the board decides. An investor holding 12% of your company can use a broadly…

Every SHA negotiation eventually settles on ROFR or ROFO. The clause gets signed, the round closes, and everyone moves on. Then, two or three years later, a founder wants to do a secondary sale, a co-founder wants to exit, or an ESOP holder wants liquidity. That is when the clause…

When an Indian subsidiary earns profits, moving them out of India is not simply a banking instruction. Every rupee crossing the border triggers obligations under the Foreign Exchange Management Act (FEMA) 1999, the Income Tax Act 1961, the Companies Act 2013, and in most cases a Double Taxation Avoidance Agreement…

SEBI issued its updated Master Circular for Alternative Investment Funds (AIFs) on 03 June 2026, consolidating every circular, clarification, and regulatory change issued under the SEBI (Alternative Investment Funds) Regulations, 2012 up to 31 May 2026. The document runs 153 pages across 25 chapters and supersedes the previous Master Circular…

The Reserve Bank of India held its benchmark repo rate steady at 5.25% at the June 2026 Monetary Policy Committee meeting, unanimously, under Governor Sanjay Malhotra. This is the third meeting in a row that the rate has stayed put, following a run of 150 basis point cuts between February…

India’s Cabinet approved an amendment to Press Note 3 (PN3) of 2020 in March 2026, and it is generating significant attention across the investment and startup community. Headlines have rushed to label it a sweeping FDI liberalisation. The reality is considerably more targeted. This report breaks down exactly what changed,…

The Securities and Exchange Board of India (SEBI) recently announced a major overhaul to the regulatory framework for Angel Funds under the Alternative Investment Funds (AIF) Regulations, 2012. This new framework, introduced in 2025, aims to enhance transparency, improve operational clarity, and encourage investor participation. In this article, we’ll explore…

In a significant move to invigorate India’s startup ecosystem, the Securities and Exchange Board of India (SEBI), during its board meeting on June 19, 2025, approved substantial changes to the Angel Fund Framework. These revisions are designed to unlock more capital for early-stage companies while simultaneously ensuring enhanced investor suitability…