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Who Can Value Unlisted Shares in India? A Complete Guide Under Companies Act, Income Tax Act and FEMA
Valuation of shares is a critical requirement in multiple business scenarios — from issuing new shares to transfer of ownership, fundraising, mergers, and regulatory compliance. However, who can value unlisted shares in India depends on the governing law applicable to the transaction, sometimes necessitating more than one valuation certificate.  This article outlines when share valuation is required under different Indian laws and who is authorized to conduct it. 1. Under th

CA Kartikeyan Khator
Jul 54 min read


Income Tax Implications of Share Transfer Between Shareholders
The transfer of unquoted equity shares of an Indian company between two resident individuals is a common transaction, often arising in family settlements, business restructuring, startup cap-table management, rewarding advisors and private agreements. However, such transfers carry tax implications under the Income-tax Act, 1961, particularly under sections 50CA and 56(2)(x), which should be accounted for before executing such transactions. In this article, we will consider a

CA Kartikeyan Khator
Jun 215 min read


ESOP Valuation Requirements in India: A Legal and Procedural Guide
Employee Stock Option Plans (ESOPs) are a powerful tool for talent retention and wealth creation. However, issuing and exercising ESOPs in India comes with specific compliance and valuation requirements under various laws, including the Companies Act, Income Tax Act, and FEMA (in case of foreign employees). This guide breaks down the valuation and filing requirements at three crucial stages - Grant, Vesting, and Exercise - to help you stay compliant. Companies Act At the time

CA Kartikeyan Khator
Jun 145 min read


How to do Startup Valuations?
Explore why startup valuation is crucial in India for fundraise, investor confidence, and statutory filing. Learn how DCF analysis, Venture Capital Method and Comparative Analysis guides funding decisions in pre-seed, seed, pre-revenue, and Series A rounds. Gain insights to value your startup for investment, funding, and compliance in India’s dynamic ecosystem. Relevant for startups in Bangalore, Bengaluru, Karnataka, India.

CA Kartikeyan Khator
Apr 89 min read


How to do Valuation of Startup using the Scorecard Method?
The Scorecard Method of Valuation is a way of estimating the value of a early-stage startup (usually pre-seed and seed stage).

CA Kartikeyan Khator
Jul 30, 20247 min read


Startup Valuation - Why and How
Explore why startup valuation is crucial in India for fundraise, investor confidence, and statutory filing. Learn how DCF analysis, Venture Capital Method and Comparative Analysis guides funding decisions in pre-seed, seed, pre-revenue, and Series A rounds. Gain insights to value your startup for investment, funding, and compliance in India’s dynamic ecosystem. Relevant for startups in Mumbai, Bangalore, Bengaluru, Hyderabad, Pune, Delhi, Gurgaon, Noida, Kolkata, India.

CA Kartikeyan Khator
Jun 8, 20219 min read
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