Articles of Association and Shareholders’ Agreements: The Limits of Private Ordering in Indian Company Law (Corporate Governance in Private Companies, Part V)
In a typical investment round in a private company, the most intensely negotiated aspects of the transaction seldom relate to the statutory filings or the form of the company’s constitutional documents. Instead, they centre around control, economics, and exit i.e., board composition, affirmative voting rights, transfer restrictions, and liquidation preferences. These rights are almost invariably […]
