Startup Due Diligence in Sholinganallur, Chennai

Quick answer: Virtual Auditor carries out financial, tax, secretarial and FEMA due diligence on start-ups in Sholinganallur, Chennai for investors, acquirers and founders preparing for a round, from our head office at Spencer Plaza, Anna Salai. Findings are ranked by risk with the fix for each.

Sholinganallur: the local picture for Startup Due Diligence

This page covers Sholinganallur on the OMR IT corridor. Sholinganallur lies in Chennai district, Tamil Nadu. Its business mix is typical of a technology and start-up district. Nearby areas we also serve include Injambakkam, Medavakkam, Thoraipakkam and Thalambur. We serve clients in Sholinganallur from our head office at Spencer Plaza, Anna Salai. SaaS and platform start-ups here usually show issues in revenue recognition, foreign-investment filings and IP assignment from early contractors. Companies with a registered office in Sholinganallur come under the Registrar of Companies, Chennai. FEMA reports are filed on the RBI's FIRMS portal through your authorised dealer bank; compounding applications go to the RBI regional office, Chennai.

What is start-up due diligence?

Due diligence is the investigation an investor or buyer carries out before committing money. A founder-commissioned review before a round finds the same issues earlier, while they can still be fixed cheaply.

What do we review?

Financial: quality of revenue and margins, cash burn, working capital and unrecorded liabilities. Tax: TDS, GST and income-tax positions, including exposure on share premium received in years before the angel-tax provision stopped applying from assessment year 2025-26. Secretarial: whether the cap table matches the PAS-3, SH-7 and MGT-7 filings, and whether the ESOP scheme follows Rule 12 of the share-capital rules.

Why FEMA matters in start-up deals

Every earlier foreign investment needed a fair-value pricing certificate and an FC-GPR within 30 days; transfers needed FC-TRS. Gaps are common and are regularised with late-submission fees or compounding before the new investor's money comes in. We also check downstream investment and any investor from a land-border country.

Full details of start-up due diligence, including the law, the process and our method: https://virtualauditor.in/startup-due-diligence-chartered-accountant

What you get from Virtual Auditor in Sholinganallur

• Cap-table reconciliation with MCA filings
• Tax and FEMA exposure summary
• Conditions precedent and subsequent for the term sheet

Documents to keep ready

• Key customer, vendor and employment contracts
• Financial statements, management accounts and bank statements
• Cap table, SHA/SSA and ESOP scheme

Indicative Fee Structure

*Prices are indicative and exclude government fees and taxes. Actual fees depend on scope and complexity; contact us for a fixed quote.

Engagement terms — reviewed 25 October 2026

• Fee: From ₹75,000 + 18% GST, fixed against the agreed scope (financial, tax, secretarial, FEMA).
• Extra / not included: Legal due diligence and technical/commercial diligence are outside scope unless agreed.
• Turnaround: 15 working days from receipt of complete information and the advance payment.
• Who signs: The certificate is signed by V. Viswanathan FCA or another qualified Chartered Accountant of the practice, depending on the engagement.
• Entity: Engagement letter and invoice are issued by Virtual Auditor Private Limited.
• What to send first: Send the data-room index, term sheet or LOI, last three years' audited accounts, and the statutory registers.
• Next step: Send your enquiry on WhatsApp to +91 99622 60333; we confirm the scope, fee and timeline in writing before work starts.