Enter the dates of one funding round: the MGT-14-before-PAS-4 sequence, the 60-day cliff, the day s.42 unlocks the money, and the penalty already running.

Enter one round's dates — MGT-14 before PAS-4, the 60-day cliff, when s.42 unlocks the money, and the ₹1,000/day penalty (halved under s.446B for start-ups).

Encodes eighteen rules across four routes. Private placement (s.42 with s.62(1)(c) and Rule 13): special resolution per offer and MGT-14 within 30 days with the s.117(2) figures; Rule 14(8) — the offer letter only after the resolution is filed, which is a *sequence* failure no deadline tracker detects; PAS-4 serially numbered and specifically addressed; the 200-person financial-year cap; the separate scheduled-bank account; the s.42(4) money-lock;.

AI tools for chartered accountants

AI tools for chartered accountants

Round Compliance Clock (Section 42)

by CA Karan Gupta

Enter one round's dates — MGT-14 before PAS-4, the 60-day cliff, when s.42 unlocks the money, and the ₹1,000/day penalty (halved under s.446B for start-ups).

Last statutory update: 26 Sept 2026 — Encodes eighteen rules across four routes. Private placement (s.42 with s.62(1)(c) and Rule 13): special resolution per offer and MGT-14 within 30 days with the s.117(2) figures; Rule 14(8) — the offer letter only after the resolution is filed, which is a *sequence* failure no deadline tracker detects; PAS-4 serially numbered and specifically addressed; the 200-person financial-year cap; the separate scheduled-bank account; the s.42(4) money-lock;.

Statutory context

Private placement under s.42 with s.62(1)(c) and Rule 13: special resolution, MGT-14 within 30 days, Rule 14(8) offer-letter sequence, 200-person FY cap, separate bank account, s.42(4) money-lock, 60-day allotment cliff, PAS-3 within 15 days with s.42(9) at ₹1,000/day to ₹25 lakh, s.42(10) exposure, s.446B halved-then-capped. Rights issue under s.62(1)(a); convertible note under Rule 2(1)(c)(xvii). Companies Compliance Facilitation Scheme, 2026 does not cover PAS-3 or MGT-14. Confirm the live MCA position before you spend the money.

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