Solique Advisors

𝐄𝐯𝐞𝐫𝐲 𝐀𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐅𝐮𝐧𝐝 𝐛𝐞𝐠𝐢𝐧𝐬 𝐰𝐢𝐭𝐡 𝐨𝐧𝐞 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧, 𝐛𝐮𝐭 𝐢𝐬 𝐢𝐭 𝐣𝐮𝐬𝐭 𝐚 𝐥𝐞𝐠𝐚𝐥 𝐟𝐨𝐫𝐦𝐚𝐥𝐢𝐭𝐲? 𝗡𝗼𝘁 𝗿𝗲𝗮𝗹𝗹𝘆. 𝗧𝗵𝗲 𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝘆𝗼𝘂 𝗰𝗵𝗼𝗼𝘀𝗲 𝗱𝗲𝘁𝗲𝗿𝗺𝗶𝗻𝗲𝘀 𝗵𝗼𝘄 𝘁𝗵𝗲 𝗳𝘂𝗻𝗱 𝗶𝘀 𝗴𝗼𝘃𝗲𝗿𝗻𝗲𝗱, 𝗵𝗼𝘄 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗽𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗲, 𝗵𝗼𝘄 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗶𝘀 𝗺𝗮𝗻𝗮𝗴𝗲𝗱, 𝗮𝗻𝗱 𝘂𝗹𝘁𝗶𝗺𝗮𝘁𝗲𝗹𝘆 𝗵𝗼𝘄 𝘁𝗵𝗲 𝗳𝘂𝗻𝗱 𝗼𝗽𝗲𝗿𝗮𝘁𝗲𝘀. Our latest AIF Bytes – Structure & Set-Up of Alternative Investment Funds explores the building blocks of an AIF under the SEBI (Alternative Investment Funds) Regulations, 2012, simplifying the legal and commercial considerations involved in establishing an investment fund. 𝐓𝐡𝐢𝐬 𝐞𝐝𝐢𝐭𝐢𝐨𝐧 𝐜𝐨𝐯𝐞𝐫𝐬: 🔹 Why pooling is the foundation of every AIF and the benefits it creates 🔹 The four legal structures available for setting up an AIF – Trust, Company, LLP & Body Corporate 🔹 A comparative view of governance, compliance, taxation and operational flexibility across each structure 🔹 The roles and responsibilities of Sponsors, Trustees, Investment Managers, Investors and Service Providers 🔹 A simplified illustration of how an AIF functions in practice, from fundraising to investment deployment and returns 🔹 Key considerations for selecting the most appropriate structure based on investment strategy and investor expectations "A successful investment fund is built long before the first investment is made. Its strength lies in choosing a structure that balances governance, regulatory compliance, operational flexibility, and investor confidence." Harpreet Khamba | Sudha Vasudevan #AIFBytes #AlternativeInvestmentFunds #AIF #SEBI #InvestmentFunds #FundStructuring #PrivateCapital #PrivateEquity #VentureCapital #FundFormation #InvestmentManagement #RegulatoryCompliance #CorporateLaw #IndiaInvestments 

𝐒𝐄𝐁𝐈 𝐌𝐚𝐤𝐞𝐬 𝐓𝐫𝐚𝐧𝐬𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐨𝐟 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐒𝐢𝐦𝐩𝐥𝐞𝐫 𝐚𝐧𝐝 𝐅𝐚𝐬𝐭𝐞𝐫 𝗟𝗼𝘀𝗶𝗻𝗴 𝗮 𝗹𝗼𝘃𝗲𝗱 𝗼𝗻𝗲 𝗶𝘀 𝗱𝗶𝗳𝗳𝗶𝗰𝘂𝗹𝘁 𝗲𝗻𝗼𝘂𝗴𝗵. 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝗰𝗼𝗺𝗽𝗹𝗲𝘅 𝗽𝗮𝗽𝗲𝗿𝘄𝗼𝗿𝗸 𝘁𝗼 𝗰𝗹𝗮𝗶𝗺 𝘁𝗵𝗲𝗶𝗿 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 𝘀𝗵𝗼𝘂𝗹𝗱𝗻'𝘁 𝗺𝗮𝗸𝗲 𝗶𝘁 𝗵𝗮𝗿𝗱𝗲𝗿. With its latest circular, SEBI has significantly simplified the framework for transmission of securities, making the process more efficient and investor friendly. 𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: 🔹 Introduction of Quick Transmission Processing (QTP) for low-value claims. 🔹Simplified documentation for eligible cases. 🔹No mandatory Probate of Will in eligible scenarios. 🔹A single Affidavit-cum-NOC replaces multiple documents. 🔹QR code-enabled death certificates are now accepted. 🔹Easier verification for death certificates issued outside India. This move reflects SEBI's continued focus on Ease of Doing Investment by reducing procedural hurdles while maintaining adequate safeguards for investors and their legal heirs. A practical reform that makes compliance simpler and the claims process more humane. Harpreet Khamba | Prerna Sharma #SEBI #InvestorProtection #RegulatoryCompliance #CorporateCompliance #CompanySecretary #LegalUpdates #Governance #RiskManagement #CapitalMarkets #InvestorAwareness #FinancialRegulations #India

𝐒𝐄𝐁𝐈 𝐑𝐞𝐢𝐧𝐟𝐨𝐫𝐜𝐞𝐬 𝐭𝐡𝐞 "𝐒𝐤𝐢𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐚𝐦𝐞" 𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞 𝐟𝐨𝐫 𝐀𝐈𝐅 𝐒𝐩𝐨𝐧𝐬𝐨𝐫𝐬 𝐚𝐧𝐝 𝐌𝐚𝐧𝐚𝐠𝐞𝐫𝐬   The Securities and Exchange Board of India (SEBI) has recently issued a Settlement Order in the matter of 𝗡𝗶𝗽𝗽𝗼𝗻 𝗜𝗻𝗱𝗶𝗮 𝗘𝗾𝘂𝗶𝘁𝘆 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗔𝗜𝗙, highlighting an important compliance expectation under the SEBI (Alternative Investment Funds) Regulations, 2012.   𝙒𝙝𝙖𝙩 𝙝𝙖𝙥𝙥𝙚𝙣𝙚𝙙? SEBI observed that while the AIF had drawn down capital from investors, the sponsor and manager had not contributed capital in the same proportion. This resulted in a failure to maintain their continuing interest on a pro-rata basis with the funds raised from investors, as required under the AIF Regulations and the SEBI Master Circular. The matter was settled through SEBI's settlement mechanism upon payment of 𝗮 𝘀𝗲𝘁𝘁𝗹𝗲𝗺𝗲𝗻𝘁 𝗮𝗺𝗼𝘂𝗻𝘁 𝗼𝗳 ₹𝟭𝟰,𝟲𝟲,𝟮𝟱𝟬, without adjudication on the merits.   𝙆𝙚𝙮 𝙩𝙖𝙠𝙚𝙖𝙬𝙖𝙮 𝙛𝙤𝙧 𝘼𝙄𝙁𝙨 This order serves as a timely reminder that regulatory compliance extends beyond meeting minimum commitment requirements. Sponsors and managers must also ensure that capital drawdowns remain proportionate to investor drawdowns throughout the life of the fund.   𝙒𝙝𝙖𝙩 𝙨𝙝𝙤𝙪𝙡𝙙 𝘼𝙄𝙁𝙨 𝙙𝙤? Periodically review capital drawdown patterns. Monitor sponsor and manager contributions against investor drawdowns. Strengthen internal compliance checks to identify deviations early. Ensure continued adherence to the AIF Regulations and the SEBI Master Circular.   Regulatory expectations are increasingly focused on substantive compliance, and this order underscores SEBI's emphasis on maintaining alignment between fund managers, sponsors, and investors. Harpreet Khamba | Prerna Sharma   #SEBI #AIF #AlternativeInvestmentFunds #InvestmentFunds #Compliance #FinancialRegulation #CorporateGovernance #RegulatoryUpdates #IndiaRegulations

𝐓𝐡𝐞 𝐈𝐧𝐝𝐢𝐚–𝐔𝐊 𝐅𝐫𝐞𝐞 𝐓𝐫𝐚𝐝𝐞 𝐀𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭, 𝐨𝐟𝐟𝐢𝐜𝐢𝐚𝐥𝐥𝐲 𝐤𝐧𝐨𝐰𝐧 𝐚𝐬 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐚𝐧𝐝 𝐓𝐫𝐚𝐝𝐞 𝐀𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭 (𝐂𝐄𝐓𝐀), 𝐢𝐬 𝐧𝐨𝐰 𝐢𝐧 𝐟𝐨𝐫𝐜𝐞. 𝗙𝗿𝗼𝗺 𝘁𝗮𝗿𝗶𝗳𝗳 𝗿𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻𝘀 𝗼𝗻 𝗻𝗲𝗮𝗿𝗹𝘆 𝟵𝟵% 𝗼𝗳 𝗜𝗻𝗱𝗶𝗮𝗻 𝗲𝘅𝗽𝗼𝗿𝘁𝘀 𝘁𝗼 𝗴𝗿𝗲𝗮𝘁𝗲𝗿 𝗮𝗰𝗰𝗲𝘀𝘀 𝗳𝗼𝗿 𝗽𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹 𝘀𝗲𝗿𝘃𝗶𝗰𝗲𝘀, 𝘁𝗵𝗶𝘀 𝗮𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁 𝗶𝘀 𝗿𝗲𝗱𝗲𝗳𝗶𝗻𝗶𝗻𝗴 𝗰𝗿𝗼𝘀𝘀-𝗯𝗼𝗿𝗱𝗲𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗯𝗲𝘁𝘄𝗲𝗲𝗻 𝘁𝗵𝗲 𝘁𝘄𝗼 𝗻𝗮𝘁𝗶𝗼𝗻𝘀. As part of our 𝗚𝗹𝗼𝗯𝗮𝗹 𝗜𝗻𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗶𝗼𝗻 𝗚𝘂𝗶𝗱𝗲 series, we are pleased to introduce the 𝗨𝗞 𝗘𝗱𝗶𝘁𝗶𝗼𝗻, a practical guide designed to help founders, entrepreneurs, investors, and businesses navigate the journey of setting up operations in the United Kingdom with greater clarity and confidence.   𝙒𝙝𝙖𝙩'𝙨 𝙞𝙣𝙨𝙞𝙙𝙚? 📌 Understanding the UK as a global business destination 📌 Choosing the right entity structure — Private Limited Company, LLP, Branch Office & more 📌 Incorporation process, documentation requirements, and timelines 📌 Tax registrations, corporate tax, VAT, and ongoing compliance obligations 📌 Regulatory requirements for foreign-owned businesses 📌 Post-incorporation compliance and practical challenges faced by international founders   Whether you are an Indian business exploring the UK market, a global company establishing a presence in UK, or an investor evaluating new opportunities, this guide provides a structured roadmap to help you make informed decisions.   𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐭𝐨 𝐞𝐱𝐩𝐚𝐧𝐝 𝐭𝐨 𝐭𝐡𝐞 𝐔𝐊? 💬 Our team can support you with entity structuring, incorporation, tax advisory, regulatory compliance, and post-incorporation solutions to help you establish and scale seamlessly.   Harpreet Khamba | Aditya Sriram R | Prerna Sharma 📩 If you would like to receive future editions of the Global Incorporation Guide, drop your email address in the comments or send us a direct message, and we will add you to our mailing list.   #GlobalIncorporationGuide #UKIncorporation #IndiaUKFTA #GlobalBusiness #InternationalExpansion #CrossBorderBusiness #CorporateStructuring #ForeignInvestment #StartupGrowth #GlobalMarkets #RegulatoryCompliance #InternationalTax #BusinessAdvisory #Entrepreneurship

𝐓𝐡𝐞 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐨𝐯𝐞𝐫𝐡𝐚𝐮𝐥 𝐨𝐟 𝐒𝐄𝐁𝐈'𝐬 𝐛𝐮𝐲-𝐛𝐚𝐜𝐤 𝐟𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤 𝐬𝐢𝐧𝐜𝐞 𝟐𝟎𝟐𝟑 𝐢𝐬 𝐡𝐞𝐫𝐞. 𝗧𝗵𝗲 𝗿𝗲𝘃𝗶𝘀𝗲𝗱 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀 𝗶𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲 𝗳𝗮𝘀𝘁𝗲𝗿 𝗲𝘅𝗲𝗰𝘂𝘁𝗶𝗼𝗻, 𝗻𝗲𝘄 𝗴𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗿𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀, 𝗮𝗻𝗱 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗰𝗵𝗲𝗰𝗸𝘀 𝘁𝗵𝗮𝘁 𝗲𝘃𝗲𝗿𝘆 𝗹𝗶𝘀𝘁𝗲𝗱 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝘀𝗵𝗼𝘂𝗹𝗱 𝗲𝘃𝗮𝗹𝘂𝗮𝘁𝗲 𝗯𝗲𝗳𝗼𝗿𝗲 𝟭 𝗔𝘂𝗴𝘂𝘀𝘁 𝟮𝟬𝟮𝟲. Several of these amendments will have a direct impact on how listed companies plan, structure, and execute buy-backs. We recommend reviewing your existing buy-back framework well ahead of the effective date to ensure seamless compliance and execution. 𝙆𝙚𝙮 𝙍𝙚𝙜𝙪𝙡𝙖𝙩𝙤𝙧𝙮 𝘾𝙝𝙖𝙣𝙜𝙚𝙨 𝗥𝗲𝘁𝘂𝗿𝗻 𝗼𝗳 𝘁𝗵𝗲 𝘀𝘁𝗼𝗰𝗸-𝗲𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝗿𝗼𝘂𝘁𝗲 – Open-market buy-backs are reinstated from 1 August 2026, subject to a 15% cap tested on both standalone and consolidated financial statements. 𝗠𝗲𝗿𝗰𝗵𝗮𝗻𝘁 𝗯𝗮𝗻𝗸𝗲𝗿 𝗼𝗽𝘁𝗶𝗼𝗻𝗮𝗹 – Companies may choose not to appoint a merchant banker, with regulatory responsibilities reassigned to the company, auditors, and stock exchange. 𝗙𝗮𝘀𝘁𝗲𝗿 𝗲𝘅𝗲𝗰𝘂𝘁𝗶𝗼𝗻 𝘁𝗶𝗺𝗲𝗹𝗶𝗻𝗲𝘀 – Stock-exchange buy-backs must open within 4 working days of the public announcement and close within 66 working days. 𝗣𝗿𝗼𝗺𝗼𝘁𝗲𝗿 𝘀𝗵𝗮𝗿𝗲𝗵𝗼𝗹𝗱𝗶𝗻𝗴 𝗳𝗿𝗲𝗲𝘇𝗲 – Promoter and promoter group shares under the buy-back will be frozen at the ISIN level until the offer closes, subject to specified exceptions. 𝗠𝗮𝗻𝗱𝗮𝘁𝗼𝗿𝘆 𝘀𝗵𝗮𝗿𝗲𝗵𝗼𝗹𝗱𝗲𝗿 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗶𝗼𝗻– Electronic intimation must be sent to eligible shareholders within 1 working day of the public announcement. 𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗽𝘂𝗯𝗹𝗶𝗰 𝘀𝗵𝗮𝗿𝗲𝗵𝗼𝗹𝗱𝗶𝗻𝗴 𝗽𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻– Buy-backs cannot result in a breach of the prescribed minimum public shareholding requirements. 𝗥𝗲𝘃𝗶𝘀𝗲𝗱 𝗰𝗼𝗼𝗹𝗶𝗻𝗴-𝗼𝗳𝗳 𝗽𝗲𝗿𝗶𝗼𝗱 – The interval between successive buy-backs will now align with the provisions of the Companies Act, 2013. 𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗲𝘀𝗰𝗿𝗼𝘄 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀 – Escrow arrangements and bank guarantees are subject to strengthened validity and compliance requirements. 𝗪𝗶𝘁𝗵 𝘁𝗵𝗲 𝗿𝗲𝘃𝗶𝘀𝗲𝗱 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 𝘁𝗮𝗸𝗶𝗻𝗴 𝗲𝗳𝗳𝗲𝗰𝘁 𝗳𝗿𝗼𝗺 𝟭 𝗔𝘂𝗴𝘂𝘀𝘁 𝟮𝟬𝟮𝟲, 𝗻𝗼𝘄 𝗶𝘀 𝘁𝗵𝗲 𝘁𝗶𝗺𝗲 𝘁𝗼 𝗮𝘀𝘀𝗲𝘀𝘀 𝘆𝗼𝘂𝗿 𝗯𝘂𝘆-𝗯𝗮𝗰𝗸 𝗿𝗲𝗮𝗱𝗶𝗻𝗲𝘀𝘀. 𝗔 𝘁𝗶𝗺𝗲𝗹𝘆 𝗿𝗲𝘃𝗶𝗲𝘄 𝗼𝗳 𝘆𝗼𝘂𝗿 𝗴𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸, 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻, 𝗮𝗻𝗱 𝗲𝘅𝗲𝗰𝘂𝘁𝗶𝗼𝗻 𝗽𝗿𝗼𝗰𝗲𝘀𝘀𝗲𝘀 𝗰𝗮𝗻 𝗵𝗲𝗹𝗽 𝗲𝗻𝘀𝘂𝗿𝗲 𝗮 𝘀𝗺𝗼𝗼𝘁𝗵 𝗮𝗻𝗱 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝘁 𝗯𝘂𝘆-𝗯𝗮𝗰𝗸 𝘂𝗻𝗱𝗲𝗿 𝘁𝗵𝗲 𝗻𝗲𝘄 𝗿𝗲𝗴𝗶𝗺𝗲. Harpreet Khamba | Prerna Sharma #SEBI #SEBIRegulations #BuybackOfShares #CorporateGovernance #CapitalMarkets #SecuritiesLaw #RegulatoryUpdates #IndianCapitalMarkets #CFOInsights

𝐒𝐞𝐧𝐝𝐢𝐧𝐠 𝐦𝐨𝐧𝐞𝐲 𝐭𝐨 𝐲𝐨𝐮𝐫 𝐜𝐡𝐢𝐥𝐝 𝐬𝐭𝐮𝐝𝐲𝐢𝐧𝐠 𝐚𝐛𝐫𝐨𝐚𝐝 𝐬𝐞𝐞𝐦𝐬 𝐬𝐢𝐦𝐩𝐥𝐞. 𝐁𝐮𝐭 𝐚𝐫𝐞 𝐲𝐨𝐮 𝐬𝐮𝐫𝐞 𝐢𝐭'𝐬 𝐅𝐄𝐌𝐀 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐭? 𝗠𝗼𝘀𝘁 𝗳𝗮𝗺𝗶𝗹𝗶𝗲𝘀 𝗳𝗼𝗰𝘂𝘀 𝗼𝗻 𝘁𝘂𝗶𝘁𝗶𝗼𝗻 𝗳𝗲𝗲𝘀, 𝗯𝘂𝘁 𝗳𝗲𝘄 𝗿𝗲𝗮𝗹𝗶𝘀𝗲 𝘁𝗵𝗮𝘁 𝗲𝘃𝗲𝗿𝘆 𝗼𝘃𝗲𝗿𝘀𝗲𝗮𝘀 𝗿𝗲𝗺𝗶𝘁𝘁𝗮𝗻𝗰𝗲 𝗶𝘀 𝗴𝗼𝘃𝗲𝗿𝗻𝗲𝗱 𝗯𝘆 𝗟𝗥𝗦, 𝗔𝗗 𝗯𝗮𝗻𝗸 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀, 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻, 𝗮𝗻𝗱 𝗥𝗕𝗜'𝘀 𝗙𝗘𝗠𝗔 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸. 𝗠𝗶𝘀𝘀𝗶𝗻𝗴 𝗮 𝘀𝗶𝗻𝗴𝗹𝗲 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝘀𝘁𝗲𝗽 𝗰𝗮𝗻 𝗹𝗲𝗮𝗱 𝘁𝗼 𝗱𝗲𝗹𝗮𝘆𝘀, 𝗮𝗱𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝘀𝗰𝗿𝘂𝘁𝗶𝗻𝘆, 𝗼𝗿 𝗲𝘃𝗲𝗻 𝗿𝗲𝗷𝗲𝗰𝘁𝗲𝗱 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀. Our latest FEMA Bytes explores the regulatory framework for education-related foreign remittances, helping parents and resident individuals understand how to transfer funds abroad confidently while remaining fully compliant with FEMA and RBI regulations. 𝐓𝐡𝐢𝐬 𝐞𝐝𝐢𝐭𝐢𝐨𝐧 𝐜𝐨𝐯𝐞𝐫𝐬: 🔹 Eligible education expenses that can be remitted under the Liberalised Remittance Scheme (LRS) 🔹 Annual remittance limits, eligibility criteria, and AD Bank requirements 🔹 Permitted modes of transferring funds and prohibited channels under FEMA 🔹 Documentation checklist including Form A2, PAN, KYC, admission letters, and fee invoices 🔹 TCS implications, planning considerations, and common compliance mistakes to avoid 🔹 Practical Do's & Don'ts for families funding overseas education "𝘾𝙧𝙤𝙨𝙨-𝙗𝙤𝙧𝙙𝙚𝙧 𝙚𝙙𝙪𝙘𝙖𝙩𝙞𝙤𝙣 𝙞𝙨 𝙢𝙤𝙧𝙚 𝙩𝙝𝙖𝙣 𝙖 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙙𝙚𝙘𝙞𝙨𝙞𝙤𝙣 - 𝙞𝙩 𝙞𝙨 𝙖 𝙧𝙚𝙜𝙪𝙡𝙖𝙩𝙤𝙧𝙮 𝙟𝙤𝙪𝙧𝙣𝙚𝙮. 𝙏𝙝𝙚 𝙧𝙞𝙜𝙝𝙩 𝙥𝙡𝙖𝙣𝙣𝙞𝙣𝙜 𝙚𝙣𝙨𝙪𝙧𝙚𝙨 𝙮𝙤𝙪𝙧 𝙘𝙝𝙞𝙡𝙙'𝙨 𝙖𝙨𝙥𝙞𝙧𝙖𝙩𝙞𝙤𝙣𝙨 𝙢𝙤𝙫𝙚 𝙛𝙤𝙧𝙬𝙖𝙧𝙙 𝙬𝙞𝙩𝙝𝙤𝙪𝙩 𝙘𝙤𝙢𝙥𝙡𝙞𝙖𝙣𝙘𝙚 𝙗𝙚𝙘𝙤𝙢𝙞𝙣𝙜 𝙖𝙣 𝙤𝙗𝙨𝙩𝙖𝙘𝙡𝙚." Harpreet Khamba | Prerna Sharma #FEMA #LRS #StudyAbroad #OverseasEducation #ForeignRemittance #RBI #Compliance #InternationalStudents #TaxAdvisory #CrossBorder #ResidentIndividuals #EducationPlanning #India #SoliqueAdvisors

𝐄𝐯𝐞𝐫𝐲 𝐜𝐫𝐨𝐬𝐬-𝐛𝐨𝐫𝐝𝐞𝐫 𝐚𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 𝐨𝐟 𝐚𝐧 𝐈𝐧𝐝𝐢𝐚𝐧 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐜𝐨𝐦𝐞𝐬 𝐝𝐨𝐰𝐧 𝐭𝐨 𝐨𝐧𝐞 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐜𝐚𝐥𝐥, 𝐬𝐡𝐚𝐫𝐞 𝐝𝐞𝐚𝐥 𝐨𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐭𝐫𝐚𝐧𝐬𝐟𝐞𝐫? 𝗕𝘂𝘁 𝘁𝗵𝗲 𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝘆𝗼𝘂 𝗽𝗶𝗰𝗸 𝗶𝘀𝗻'𝘁 𝘄𝗵𝗲𝗿𝗲 𝗱𝗲𝗮𝗹𝘀 𝗴𝗲𝘁 𝘀𝘁𝘂𝗰𝗸. 𝗖𝗹𝗲𝗮𝗿𝗶𝗻𝗴 𝗙𝗘𝗠𝗔, 𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅, 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗔𝗰𝘁/𝗦𝗘𝗕𝗜 𝗮𝗻𝗱 𝗚𝗦𝗧 𝗮𝗹𝗹 𝗮𝘁 𝗼𝗻𝗰𝗲 𝗶𝘀. Our latest M&A Bytes, 𝗔𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝗮𝗻 𝗜𝗻𝗱𝗶𝗮𝗻 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 via Business Transfer breaks down the slump sale route the way it actually plays out on the deal table, dissected through four lenses at the same time. 𝐓𝐡𝐢𝐬 𝐞𝐝𝐢𝐭𝐢𝐨𝐧 𝐜𝐨𝐯𝐞𝐫𝐬: 🔹 Business transfer vs share deal - when carving out the operating business wins 🔹 FEMA permissibility, sectoral caps & government-route traps 🔹 The withholding tax trap in cash-free share swaps 🔹 Capital gains, valuation, GAAR & loss carry-forward 🔹 The Disjointed Demerger Route and its litigation risk 🔹 Corporate compliance: SBO, demat & the small company test "𝙄𝙣 𝙘𝙧𝙤𝙨𝙨-𝙗𝙤𝙧𝙙𝙚𝙧 𝙈&𝘼, 𝙩𝙝𝙚 𝙢𝙖𝙧𝙠 𝙤𝙛 𝙖 𝙬𝙚𝙡𝙡-𝙨𝙩𝙧𝙪𝙘𝙩𝙪𝙧𝙚𝙙 𝙙𝙚𝙖𝙡 𝙡𝙞𝙚𝙨 𝙣𝙤𝙩 𝙞𝙣 𝙞𝙩𝙨 𝙘𝙤𝙢𝙥𝙡𝙚𝙭𝙞𝙩𝙮, 𝙗𝙪𝙩 𝙞𝙣 𝙞𝙩𝙨 𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙩𝙤 𝙬𝙞𝙩𝙝𝙨𝙩𝙖𝙣𝙙 𝙧𝙚𝙜𝙪𝙡𝙖𝙩𝙤𝙧𝙮 𝙨𝙘𝙧𝙪𝙩𝙞𝙣𝙮 𝙬𝙞𝙩𝙝 𝙘𝙡𝙖𝙧𝙞𝙩𝙮 𝙖𝙣𝙙 𝙘𝙤𝙣𝙛𝙞𝙙𝙚𝙣𝙘𝙚." Harpreet Khamba | Aditya Sriram R #CrossBorderMA #MergersAndAcquisitions #InternationalTax #FEMA #SlumpSale #BusinessTransfer #DealStructuring #CorporateLaw #GST #Demerger #FDI #TaxAdvisory #CharteredAccountant #IndiaInc

𝗜𝗻𝗱 𝗔𝗦 𝟭𝟭𝟱, 𝗜𝗙𝗥𝗦 𝟭𝟱, 𝗮𝗻𝗱 𝗔𝗦𝗖 𝟲𝟬𝟲 𝗳𝗼𝗹𝗹𝗼𝘄 𝘁𝗵𝗲 𝘀𝗮𝗺𝗲 𝗳𝗶𝘃𝗲-𝘀𝘁𝗲𝗽 𝗺𝗼𝗱𝗲𝗹 - 𝗯𝘂𝘁 𝗺𝗼𝘀𝘁 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝗲𝗿𝗿𝗼𝗿𝘀 𝗱𝗼𝗻'𝘁 𝗰𝗼𝗺𝗲 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝘀𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝘀. 𝗧𝗵𝗲𝘆 𝗰𝗼𝗺𝗲 𝗳𝗿𝗼𝗺 𝗯𝗼𝗼𝗸 𝗰𝗹𝗼𝘀𝘂𝗿𝗲. Our latest publication, Revenue Recognition Under Ind AS, IFRS & US GAAP - A Practical Comparison, focuses on where things actually go wrong: cut-off, bundled contracts, variable consideration, and contract assets misread as receivables. 𝐓𝐡𝐢𝐬 𝐞𝐝𝐢𝐭𝐢𝐨𝐧 𝐜𝐨𝐯𝐞𝐫𝐬: 🔹 The five-step, control-based model in practice 🔹 Critical revenue recognition risks with real closure examples 🔹 Ind AS 115 vs IFRS 15 vs ASC 606 — real differences vs documentation differences 🔹 Revenue recognition in ITES and manufacturing 🔹 A 12-point year-end checklist for book closure "𝙈𝙤𝙨𝙩 𝙙𝙞𝙛𝙛𝙚𝙧𝙚𝙣𝙘𝙚𝙨 𝙖𝙘𝙧𝙤𝙨𝙨 𝙩𝙝𝙚 𝙩𝙝𝙧𝙚𝙚 𝙛𝙧𝙖𝙢𝙚𝙬𝙤𝙧𝙠𝙨 𝙖𝙧𝙚 𝙖𝙗𝙤𝙪𝙩 𝙞𝙢𝙥𝙡𝙚𝙢𝙚𝙣𝙩𝙖𝙩𝙞𝙤𝙣 𝙜𝙪𝙞𝙙𝙖𝙣𝙘𝙚, 𝙣𝙤𝙩 𝙖𝙘𝙘𝙤𝙪𝙣𝙩𝙞𝙣𝙜 𝙤𝙪𝙩𝙘𝙤𝙢𝙚𝙨." Mathangi Venkatraman | B S S D Hari Prasad #SoliqueInsights #RevenueRecognition #IndAS115 #IFRS15 #ASC606 #FinancialReporting #BookClosure #CFO #Audit #USGAAP #FinanceTransformation

𝐘𝐨𝐮𝐫 𝐆𝐥𝐨𝐛𝐚𝐥 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐁𝐞𝐠𝐢𝐧𝐬 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐑𝐢𝐠𝐡𝐭 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬 𝙇𝙚𝙖𝙧𝙣 𝙬𝙝𝙖𝙩 𝙞𝙩 𝙩𝙖𝙠𝙚𝙨 𝙩𝙤 𝙚𝙨𝙩𝙖𝙗𝙡𝙞𝙨𝙝 𝙮𝙤𝙪𝙧 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙞𝙣 𝙩𝙝𝙚 𝙐𝙎𝘼 𝙬𝙞𝙩𝙝 𝙘𝙤𝙣𝙛𝙞𝙙𝙚𝙣𝙘𝙚, 𝙛𝙧𝙤𝙢 𝙞𝙣𝙘𝙤𝙧𝙥𝙤𝙧𝙖𝙩𝙞𝙤𝙣 𝙖𝙣𝙙 𝙩𝙖𝙭𝙖𝙩𝙞𝙤𝙣 𝙩𝙤 𝙘𝙤𝙢𝙥𝙡𝙞𝙖𝙣𝙘𝙚 𝙖𝙣𝙙 - 𝙤𝙥𝙚𝙧𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙧𝙚𝙖𝙙𝙞𝙣𝙚𝙨𝙨. Expanding your business internationally is an exciting milestone - but understanding the landscapes before you take the first step is what truly sets you up for success. As part of our Global Incorporation Guide series, we've curated the USA Edition - a practical, easy-to-reference guide designed to help founders, entrepreneurs, investors, and growing businesses navigate the incorporation journey with greater clarity and confidence. 𝐖𝐡𝐚𝐭'𝐬 𝐢𝐧𝐬𝐢𝐝𝐞? 📌 Choosing the right state for incorporation (Delaware, Wyoming & more) 📌 Selecting the appropriate business structure (LLC vs. C-Corporation) 📌 Information and documentation required for incorporation 📌 Tax registrations and ongoing compliance obligations 📌 Banking, BOI reporting, and regulatory requirements 📌 Estimated timelines, setup costs, and annual compliance costs 📌 Common challenges faced by foreign founders and practical ways to avoid them Whether you're planning your first overseas entity or evaluating the U.S. as your next growth destination, this guide serves as a practical starting point to make informed business decisions. This is the first edition of our Global Incorporation Guide series, where we'll be sharing jurisdiction-specific insights to simplify cross-border expansion for businesses worldwide. 💬𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐭𝐨 𝐞𝐱𝐩𝐚𝐧𝐝 𝐢𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥𝐥𝐲? Our team would be happy to support you with entity structuring, incorporation, tax, regulatory compliance, and post-incorporation advisory services. 📩 If you'd like to receive future editions of the Global Incorporation Guide, simply drop your email address in the comments or send us a direct message, and we'll add you to our mailing list. Harpreet Khamba | Aditya Sriram R | Prerna Sharma Let's make global expansion simpler, smarter, and more strategic. #GlobalIncorporationGuide #USIncorporation #GlobalBusiness #InternationalExpansion #CrossBorderBusiness #CorporateStructuring #ForeignInvestment #StartupGrowth #MSME #GlobalMarkets #RegulatoryCompliance #InternationalTax #BusinessAdvisory #Entrepreneurship

𝐒𝐄𝐁𝐈 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭 | 𝐑𝐞𝐥𝐢𝐚𝐧𝐜𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬 𝐑𝐞𝐜𝐞𝐢𝐯𝐞𝐬 𝐀𝐝𝐦𝐢𝐧𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐯𝐞 𝐖𝐚𝐫𝐧𝐢𝐧𝐠 𝗔 𝗧𝗶𝗺𝗲𝗹𝘆 𝗥𝗲𝗺𝗶𝗻𝗱𝗲𝗿 𝗼𝗻 𝗜𝗻𝘀𝗶𝗱𝗲𝗿 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗳𝗼𝗿 𝗟𝗶𝘀𝘁𝗲𝗱 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 SEBI has reportedly issued an administrative warning to Reliance Industries Limited after identifying trades by certain employees and an immediate relative of the employee during the period when Unpublished Price Sensitive Information (UPSI) existed. Although no monetary penalty has been imposed, the development is a timely reminder that insider trading compliance is judged not only by the existence of policies, but also by how effectively they are implemented. 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐄𝐱𝐩𝐞𝐜𝐭𝐚𝐭𝐢𝐨𝐧𝐬 𝐮𝐧𝐝𝐞𝐫 𝐭𝐡𝐞 𝐏𝐈𝐓 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬⚖️ Under the SEBI (Prohibition of Insider Trading) Regulations, 2015, listed companies are expected to establish robust internal controls to safeguard UPSI and prevent trading by persons who may have access to such information. This includes maintaining structured digital databases, regulating communication of UPSI on a need-to-know basis, enforcing trading window restrictions, monitoring pre-clearance requirements, and ensuring regular compliance by designated persons and their immediate relatives. 𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲 One of the most significant takeaways from this development is that regulatory scrutiny is increasingly focused on the effectiveness of a company's compliance framework. Even in the absence of a financial penalty, an administrative warning reflects the regulator's expectation that listed entities must have systems capable of preventing potential insider trading violations. 𝐀𝐜𝐭𝐢𝐨𝐧 𝐏𝐨𝐢𝐧𝐭𝐬 𝐟𝐨𝐫 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐓𝐞𝐚𝐦𝐬✅ For compliance officers, company secretaries and legal teams, this serves as a reminder to periodically review insider trading policies, evaluate internal monitoring mechanisms, conduct employee awareness programmes, and ensure that compliance procedures are followed in practice rather than merely documented. Regulatory expectations continue to evolve, and companies that proactively strengthen their governance framework are likely to be better positioned to manage compliance risks. 𝐋𝐞𝐭'𝐬 𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝗪𝗵𝗮𝘁 𝗮𝗱𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗺𝗲𝗮𝘀𝘂𝗿𝗲𝘀 𝗱𝗼 𝘆𝗼𝘂 𝗯𝗲𝗹𝗶𝗲𝘃𝗲 𝗹𝗶𝘀𝘁𝗲𝗱 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗮𝗱𝗼𝗽𝘁 𝘁𝗼 𝘀𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻 𝘁𝗵𝗲𝗶𝗿 𝗶𝗻𝘀𝗶𝗱𝗲𝗿 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸? Share your thoughts in the comments below. Harpreet Khamba | Prerna Sharma #SEBI #InsiderTrading #UPSI #CorporateGovernance #Compliance #ListedCompanies #CompanySecretary #CorporateLaw #RiskManagement #ComplianceFramework #Governance #RegulatoryUpdate #SoliqueAdvisors