SHARE SUBSCRIPTION AGREEMENT (SSA)
This Agreement is made on [Date] between [Company] and [Investor]
- Parties. This Share Subscription Agreement is executed between [Company Name] (the "Company") and [Investor Name], [Address] (the "Investor").
- Recitals. The Company proposes to issue new equity/preference shares and the Investor has agreed to subscribe on the terms herein.
- Subscription & Consideration. The Investor shall subscribe to [__] shares at Rs. [__] per share for a total subscription amount of Rs. [Amount], with allotment effective [Effective Date].
- Conditions Precedent. Allotment is conditional on board and shareholder approvals, amended charter documents and satisfactory due diligence.
- Completion & Obligations. On Completion the Investor shall remit the subscription amount and the Company shall allot the shares and file Form PAS-3 with the RoC.
- Use of Proceeds. The subscription proceeds shall be applied by the Company towards [Business Purpose] as set out in the business plan.
- Representations & Warranties. The Company gives the warranties in Schedule I regarding capitalisation, accounts, taxes, litigation and compliance.
- Investor Rights. The Investor shall enjoy information, board observer/nominee, anti-dilution and pre-emptive rights as set out herein.
- Confidentiality. The parties shall keep the terms of the subscription and the Company's information confidential.
- Indemnity. The Company/Promoters shall indemnify the Investor against loss arising from breach of warranty, subject to agreed caps.
- Term & Termination. This Agreement may be terminated if conditions precedent are not met by the Long Stop Date, without prejudice to accrued rights.
- Governing Law & Jurisdiction. This Agreement is governed by the laws of India and subject to the jurisdiction of courts at [City].
- Dispute Resolution. Disputes shall be referred to arbitration under the Arbitration and Conciliation Act, 1996, seated at [City].
IN WITNESS WHEREOF the parties have executed this Agreement on the date first written above.
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For [Company Name]
For [Company Name]
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[Investor]
[Investor]
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Witness 1: [Name & Address]
Witness 1: [Name & Address]
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Witness 2: [Name & Address]
Witness 2: [Name & Address]