Last updated: 14 Oct 2026

Virtual Auditor

Term Sheet Review Chartered Accountant

Last updated: 14 Oct 2026

Quick answer: Virtual Auditor offers startup advisory services, including expert term sheet review, financial model analysis, and regulatory compliance assessment. Led by CA V. Viswanathan, the service supports transaction stages from incorporation through funding rounds and exits, combining expertise in valuation, corporate law, tax planning, and FEMA compliance for startups across India.

Looking for expert term sheet review chartered accountant? Virtual Auditor provides practitioner-grade startup advisory services in India, led by CA V. Viswanathan — IBBI Registered Valuer (IBBI/RV/03/2019/12333) | Fellow Chartered Accountant (FCA) | Associate Company Secretary (ACS) | Certified Fraud Examiner (CFE). We combine deep regulatory expertise with hands-on execution to deliver results within your timeline.

What is Term Sheet Review Chartered Accountant?

What We Deliver

Due diligence report / advisory deliverable tailored to your transaction stage. Financial model review or cap table analysis with scenario modelling. Regulatory compliance assessment and structuring recommendations. Transaction support — term sheet review, SHA drafting support, closing checklist. Post-transaction compliance setup and ongoing advisory.

Our Process

Step 1: Scoping call — transaction stage, investor requirements, regulatory needs. Step 2: Data room review and due diligence / analysis. Step 3: Deliverable preparation — report, model, or advisory note. Step 4: Review call with founders and iteration. Step 5: Final delivery with compliance recommendations.

We have worked with startups across stages — from bootstrapped companies needing their first DPIIT registration to Series C companies managing complex multi-jurisdictional compliance. Our advisory scales with your growth, adding FEMA compliance when you raise foreign capital, transfer pricing when you expand internationally, and forensic controls when your team grows beyond founder oversight.

Get Started Today

Ready to engage Virtual Auditor for term sheet review chartered accountant? Contact us for a free initial consultation:

Call/WhatsApp: +91-99622 60333

Email: support@virtualauditor.in

Offices: Chennai | Bangalore | Mumbai

No obligation. We will assess your requirements and provide a clear scope, timeline, and fixed-fee quote within 24 hours.

What has changed in the law — reviewed October 2026

  • Angel tax: section 56(2)(viib) of the Income-tax Act, 1961 does not apply from assessment year 2025-26 (Finance (No. 2) Act, 2024), so share premium received from any investor is no longer taxed under that clause. Valuations are still required under separate regimes, each with its own law and signing professional: fair market value under Rule 11UA(1)(c) of the Income-tax Rules, 1962 for section 56(2)(x) in the recipient's hands (net-asset basis for unquoted equity shares); FEMA pricing for a non-resident investor under the FEM (Non-debt Instruments) Rules, 2019, certified by a Chartered Accountant, SEBI-registered merchant banker or practising cost accountant; a registered valuer's report under section 247 of the Companies Act, 2013 and Rule 13 of the Companies (Share Capital and Debentures) Rules, 2014 for preferential allotments under section 62(1)(c); and grant-date fair value of the option under Ind AS 102 for ESOP accounting (reviewed 25 October 2026).

Frequently Asked Questions

How can I engage Virtual Auditor for term sheet review chartered accountant?
Contact us at +91-99622 60333 (call/WhatsApp) or email support@virtualauditor.in. The initial consultation is free with no obligation. We will assess your requirements and provide a clear scope, timeline, and fee quote.
What are Virtual Auditor's credentials?
Virtual Auditor is led by CA V. Viswanathan — Fellow Chartered Accountant (FCA), Associate Company Secretary (ACS), Certified Fraud Examiner (CFE), and IBBI Registered Valuer (IBBI/RV/03/2019/12333). This multi-credential profile enables integrated advisory across valuation, tax, corporate law, and forensic accounting.
Does Virtual Auditor serve clients outside India?
Yes. With offices in Chennai, Bangalore, and Mumbai, we serve clients across India. Most engagements are handled digitally, with in-person meetings available at any of our three offices.
What needs review before I agree to these investment, sale or shareholder terms?
Review the economics: the price, the pre- and post-money valuation, the ESOP pool, adjustments for debt and working capital, and any earn-out. Review the rights: liquidation preference, anti-dilution, board seats and reserved matters, drag-along and tag-along, rights of first refusal, and founder vesting and non-compete terms. Review the regulatory steps: FEMA pricing and reporting for foreign investors, Companies Act approvals and valuation, stamp duty and the tax on any sale. Finally, check the diligence findings against the warranties and indemnities you are asked to give or receive. We review the numbers and compliance and explain the consequences; your advocate drafts and negotiates the legal documents.

Watch: How Virtual Auditor Works

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Ready to Get Started?

Free 30-minute consultation with CA V. Viswanathan, FCA, ACS, CFE, IBBI RV. No obligation.

What has changed in the law — reviewed October 2026

  • Angel tax: section 56(2)(viib) of the Income-tax Act, 1961 does not apply from assessment year 2025-26 (Finance (No. 2) Act, 2024), so share premium received from any investor is no longer taxed under that clause. Valuations are still required under separate regimes, each with its own law and signing professional: fair market value under Rule 11UA(1)(c) of the Income-tax Rules, 1962 for section 56(2)(x) in the recipient's hands (net-asset basis for unquoted equity shares); FEMA pricing for a non-resident investor under the FEM (Non-debt Instruments) Rules, 2019, certified by a Chartered Accountant, SEBI-registered merchant banker or practising cost accountant; a registered valuer's report under section 247 of the Companies Act, 2013 and Rule 13 of the Companies (Share Capital and Debentures) Rules, 2014 for preferential allotments under section 62(1)(c); and grant-date fair value of the option under Ind AS 102 for ESOP accounting (reviewed 25 October 2026).

What the law says — Companies Act 2013 ss.42, 62; FEMA (NDI) Rules 2019; Income-tax Act s.56(2)(viib)

A term-sheet review tests the valuation, liquidation preference, anti-dilution, ESOP pool top-up and conditions precedent against what the law and the cap table can actually deliver. For foreign investors the pricing floor under FEMA and the Rule 11UA ceiling for the s.56(2)(viib) safe harbour are checked at this stage.

How does the procedure work?

  1. Model the post-money table and dilution
  2. Check pricing against the FEMA floor and Rule 11UA
  3. Flag liquidation preference and anti-dilution economics
  4. Review conditions precedent for feasibility
  5. Negotiate changes before definitive documents
Time limitUsually 3 to 5 working days
FormsTerm sheet; valuation report where required

Source: Companies Act, 2013 and FEMA. Last reviewed 2026-10-14.

Which laws govern this service? — Company law

The statutory provisions this service is delivered under, linked to the official text:

Strategic Business & Compliance Insights