BY NITIN JAIN It's not often that a regulatory case opens a 10+ year window into past compliance decisions. But that's what the Enforcement Directorate's INR 1,654 crore FEMA case against Myntra is doing. The alleged violations (from 2010–2015) involve multi-brand retail structuring using affiliate sellers. The ED claims that Vector E-Commerce, an entity related... Continue Reading →
Last month, the CEO of PayPal made headlines with a bold statement: imagine a world where your Indian UPI wallet could seamlessly buy a product in Brazil or send money to a friend in France. The soundbite was powerful. The headlines called it "UPI goes global." But the real question is: Can global wallets be... Continue Reading →
By Archana Balasubramanian A mid-growth SaaS company, fresh off their first term sheet for a ₹40 crore infusion, found themselves in a surprising delay. Everything was aligned: due diligence done, traction numbers strong, founder chemistry perfect. Then the investor’s compliance team flagged one line in the Memorandum of Association (MOA). The company, focused on AI-led... Continue Reading →
By Nitin Jain, Partner You’d think most founder disputes erupt from ego clashes or equity greed. But in our experience advising both startups and buyers, that’s rarely how it starts. The most volatile disputes we see arise because of mismatched expectations at the wrong time. And in many cases, these expectations were never deliberately misrepresented.... Continue Reading →
By Archana Balasubramanian Software-as-a-Service (SaaS) companies in India that serve global clients often assume their billing models are “just tech contracts”. But once money starts crossing borders, the rules shift and so does regulatory exposure. What looks like a seamless Stripe or Razorpay integration can raise red flags across the Reserve Bank of India (RBI),... Continue Reading →
By Archana Balasubramanian For many founders and mid-sized business owners in India, converting a Limited Liability Partnership (LLP) into a private limited company feels like a rite of passage before entering M&A conversations. It signals growth, investor readiness, and corporate hygiene. But such transitions trigger chain reactions across compliance lifecycles, future relationships forged and taxation.... Continue Reading →
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