You Closed the Round. Here's Every Filing Due in the Next 30 Days

Closing a funding round isn't the finish line — it starts a 30-day clock on a cluster of statutory filings. Within roughly a month of allotting shares you typically owe the MCA a PAS-3 (Return of Allotment) and, where applicable, MGT-14; you need a Rule 11UA valuation to support the price; you must issue share certificates and pay stamp duty; and if any investor is foreign, you owe the RBI an FC-GPR. Missing these is the classic diligence red flag at your next round.

Why founders miss this

The round consumes everyone's attention — negotiation, the wire, the celebration. The compliance fires immediately after, quietly, while the team is exhaling. There's no invoice and no portal nudge, so unless someone owns the post-raise checklist, PAS-3 slips and the valuation never gets documented. Then 18 months later a new investor's lawyer asks for the allotment filings and finds gaps.

The post-raise checklist

Here's what a priced equity round typically triggers. Exact applicability depends on your structure and the resolutions passed — confirm with your CS.

1. Board and shareholders' resolutions

Authorise the issue and allotment. These are the source documents every later filing references, so get them right and dated correctly.

2. Rule 11UA valuation

You need a fair-market-value report under Rule 11UA to support the issue price. Keep the certificate fresh — ideally not older than 90 days at allotment — because it also has to reconcile with your FC-GPR if foreign money is involved. (You can sanity-check the methods with BenefitStack's Rule 11UA calculator; note that angel tax was abolished from FY2025-26, but the valuation is still needed for pricing and FEMA — more on what still applies when you raise now.)

3. PAS-3 — Return of Allotment (within 30 days)

File PAS-3 with the MCA within 30 days of allotment. This is the filing that legally records who was issued shares. Late PAS-3 carries additional fees and is one of the first things flagged in diligence — see what a missed PAS-3 does at diligence.

4. MGT-14 (where required)

Certain resolutions must be filed with the MCA in MGT-14, generally within 30 days of passing them. Whether your round needs it depends on the resolutions — check with your CS.

5. Share certificates + stamp duty

Issue share certificates to the new investors and pay stamp duty (the rate is state-specific). Missing or unstamped certificates are a recurring diligence gap.

6. FC-GPR — if any investor is foreign (within 30 days)

If a non-resident invested, file FC-GPR with the RBI within 30 days of allotment (allot within 60 days of receiving the funds). This runs on a parallel clock to PAS-3 off the same allotment date — see our FEMA compliance guide.

One allotment date, several clocks

The thing to internalise: most of these key off a single date — the allotment — and several share the same 30-day window. That's why one slip (a late allotment, a missing valuation) doesn't cause one problem; it cascades into PAS-3, FC-GPR, and the share-certificate trail all at once. And you've just raised — so your runway planning and your compliance both start the same week.

Make the round generate its own to-do list

In ComplianceStack you record the funding round — date, instrument, whether foreign money is involved — and the engine materialises PAS-3, MGT-14, the valuation, share-certificate and FC-GPR tasks as dated calendar items with owners, reminders, and an evidence slot for each filed proof. The post-raise scramble becomes a checklist that fills itself in. Get your free compliance health check.