Treelife Resources

When a business is on the table, the structure you choose is not a formality. It sets the tax bill, the GST position, the stamp duty exposure, and, critically, who wakes up three years later with a tax department notice about a deal that closed clean. The choice between a…

Escrow is one of those SPA terms that founders agree to without fully understanding what they have committed to. A neutral third party holds a portion of the deal consideration, releases it on specified triggers, and sits between the two parties as a performance bond. That is the concept. The…

Earnouts have become the most common way to close the valuation gap in Indian M&A, and also the most commonly misunderstood clause in the SPA. A buyer who sees a strong business but cannot underwrite the seller’s projected trajectory and a seller who refuses to accept the trailing-twelve-month number as…

Every share purchase agreement or share subscription agreement in India contains a set of warranties: statements from the seller or founder about the state of the business that the buyer or investor is relying on to close. The disclosure letter is the document that qualifies those warranties by telling the…

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…

When a business is on the table, the structure you choose is not a formality. It sets the tax bill, the GST position, the stamp duty exposure, and, critically, who wakes up three years later with a tax department notice about a deal that closed clean. The choice between a…

Escrow is one of those SPA terms that founders agree to without fully understanding what they have committed to. A neutral third party holds a portion of the deal consideration, releases it on specified triggers, and sits between the two parties as a performance bond. That is the concept. The…

Earnouts have become the most common way to close the valuation gap in Indian M&A, and also the most commonly misunderstood clause in the SPA. A buyer who sees a strong business but cannot underwrite the seller’s projected trajectory and a seller who refuses to accept the trailing-twelve-month number as…

Every share purchase agreement or share subscription agreement in India contains a set of warranties: statements from the seller or founder about the state of the business that the buyer or investor is relying on to close. The disclosure letter is the document that qualifies those warranties by telling the…

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…

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…