CCPS Valuation in Nariman Point, Mumbai
Last updated: 15 Oct 2026
Quick Answer: Virtual Auditor values compulsorily convertible preference shares (CCPS) for companies in Nariman Point, 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.
Nariman Point: the local picture for CCPS Valuation
Nariman Point lies in Mumbai City district, Maharashtra. Its business mix is typical of a commercial and office district. Nearby areas we also serve include Mantralaya, Marine Lines, Fort and Kalbadevi. We serve clients in Nariman Point from our Mumbai office at Workafella, Goregaon West. Holding companies and investment platforms here use CCPS in structured deals, where we model the waterfall across several classes. Companies with a registered office in Nariman Point 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 Nariman Point
- Share-class value allocation (OPM / PWERM)
- Ind AS classification note
- Registered valuer's report for the allotment
Documents to keep ready
- Cap table before and after the round
- Details of earlier rounds and their prices
- Term sheet and shareholders' agreement
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
When must the conversion price be fixed?
Under FEMA, the price or conversion formula must be fixed upfront at issue. Under the Companies Act rules, the conversion price is fixed either upfront or not earlier than 30 days before the holder becomes entitled to convert, on a registered valuer's report.
Is the CCPS value the same as the equity value per share?
Usually not. Liquidation preference and other rights make CCPS worth more per share than common equity, which is why share-class allocation methods are used.
Which offices deal with CCPS valuation for a business in Nariman Point?
Companies with a registered office in Nariman Point 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 Nariman Point?
Yes. We also work with businesses in Mantralaya, Marine Lines, Fort, Kalbadevi and Girgaon and elsewhere in Mumbai, on the same terms and online.
Do I need to visit your office from Nariman Point?
No. We serve Nariman Point 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.