Published On: 01/02/2013


A common question that usually arises at the time of closing in a private investment in public equity (PIPE) deal or a private equity or venture capital investment transaction in India is: ‘Which of the provisions in the definitive agreements, relating to the investment, must be captured in the restated Articles of Association (AoA) of the company?’ The AoA of a company is its ‘Magna Carta’. It regulates the internal management and defines the powers of the officers of the company.