What is “Drag Along” clause in Share Holding Agreement/ equity funding term sheets? Drag-along rights allow majority shareholders to compel minority shareholders to sell their shares in the event of a third-party sale. The intent is to avoid minority shareholders blocking a sale and to secure higher valuation and strategic benefits for the selling majority … Continue reading Understanding Drag-Along Rights in Shareholder Agreements
WHAT IS ANGEL INVESTOR FUND ?
According to the SEBI AIF Regulations[1], angel investors can be individuals or companies who meet the certain defined criteria. What are Angel Investors? Chapter IIIA of SEBI(AIF) Regulation, 2012[2] consists of Angel fund. An Individual Angel Investor[3] is any person who proposes to invest in an angel fund and who has net tangible assets of … Continue reading WHAT IS ANGEL INVESTOR FUND ?