CCPS Valuation in Marol, Mumbai
Last updated: 15 Oct 2026
Quick Answer: Virtual Auditor values compulsorily convertible preference shares (CCPS) for companies in Marol, Mumbai, from our Mumbai office at Workafella, Goregaon West, covering the Companies Act conversion-price report, FEMA pricing for foreign investors and the fair value needed for accounts.
Marol: the local picture for CCPS Valuation
This page covers Marol, with the MIDC Marol industrial area. Marol lies in Mumbai Suburban district, Maharashtra. Its business mix is typical of an industrial and manufacturing area. Nearby areas we also serve include Andheri East, SEEPZ, Saki Naka and Chakala. We serve clients in Marol from our Mumbai office at Workafella, Goregaon West. Manufacturing companies here use CCPS mostly for private-equity or strategic-investor entry, where the conversion ratio is tied to future performance. Companies with a registered office in Marol come under the Registrar of Companies, Mumbai (Mumbai-I), for Mumbai City and Mumbai Suburban districts. FEMA reports are filed on the RBI's FIRMS portal through your authorised dealer bank; compounding applications go to the jurisdictional RBI regional office.
What is CCPS valuation?
CCPS are preference shares that must convert into equity on set terms. Venture investors use them for liquidation preference and anti-dilution rights, which is why their value differs from the value of ordinary equity.
How does FEMA treat CCPS?
Under the Non-Debt Instruments Rules, 2019, preference shares count as equity instruments only if they are fully, compulsorily and mandatorily convertible. The price or conversion formula must be fixed upfront at the time of issue, and the price at conversion cannot be lower than the fair value worked out at the time of issue. Allotment to a non-resident is reported in Form FC-GPR within 30 days.
How are CCPS valued?
Because CCPS carry rights that equity does not, we allocate the company's equity value across share classes using the option-pricing method (OPM), the probability-weighted expected return method (PWERM) or the current-value method, and model the liquidation-preference waterfall. Where a recent round exists, we back-solve from its price.
For accounts, Ind AS 32 decides whether the CCPS are equity or a financial liability; liability-classified CCPS are then measured at fair value under Ind AS 109.
Full details of CCPS valuation, including the law, the process and our method: https://virtualauditor.in/complex-instruments-valuation
What you get from Virtual Auditor in Marol
- Registered valuer's report for the allotment
- Conversion price or formula analysis
- FEMA fair-value certificate
Documents to keep ready
- Financial statements and projections
- Cap table before and after the round
- Details of earlier rounds and their prices
Indicative Fee Structure
| Service | Fee |
|---|---|
| CCPS valuation report | From ₹65,000 |
| Consultation | Complimentary 30 minutes |
*Prices are indicative and exclude government fees and taxes. Actual fees depend on scope and complexity; contact us for a fixed quote.
Frequently Asked Questions
Are CCPS treated as equity under FEMA?
Yes, if they are fully, compulsorily and mandatorily convertible; partly or optionally convertible preference shares are treated as debt under FEMA.
Do you also file FC-GPR for the round?
Yes. We can prepare the fair-value certificate and file Form FC-GPR on the RBI's FIRMS portal through your bank within 30 days of allotment.
Which offices deal with CCPS valuation for a business in Marol?
Companies with a registered office in Marol come under the Registrar of Companies, Mumbai (Mumbai-I), for Mumbai City and Mumbai Suburban districts. FEMA reports are filed on the RBI's FIRMS portal through your authorised dealer bank; compounding applications go to the jurisdictional RBI regional office.
Do you also handle CCPS valuation for businesses near Marol?
Yes. We also work with businesses in Andheri East, SEEPZ, Saki Naka, Chakala and Sahar and elsewhere in Mumbai, on the same terms and online.
Do I need to visit your office from Marol?
No. We serve Marol from our Mumbai office at Workafella, Goregaon West. Documents are shared securely online, filings are signed with a digital signature, and meetings are by video or at our office by appointment. Call +91 99622 60333 or email support@virtualauditor.in.