Categories: Attorneys , Legal Advice , Legal Services , Startup Law , USCIS , Visa Bulletin
Starting January 22, 2025, USCIS will no longer require applicants for adjustment of status to submit proof of receiving the COVID-19 vaccination as part of their medical exam. Previously, applicants were obligated to provide vaccination documentation on Form I-693, the Report of Immigration Medical Examination and Vaccination Record, to meet immigration health requirements.
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Categories: Indian Startups , Startup Law , Startups
Expanding a startup business into the United States can be a lucrative prospect for Indian founders. Understanding the complex landscape of U.S. business entities and ownership regulations prior to taking the first steps of expansion is essential to ensure legal and regulatory compliance from the get-go. Below is a quick breakdown of the types of U.S. business entities that Indian nationals and Indian parent companies can and cannot own.
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Categories: Indian Startups , Startup Law , Startups
As of 2024, Compulsorily Convertible Preference Shares (“CCPS”) have become the default form of equity offered to venture capitalists and other sophisticated investors in the early financing rounds of an Indian startup. CCPS are a type of preferred shares subject to a mandatory conversion into “ordinary equity” at a later date. In American terms, CCPS function similarly to grants of “convertible preferred stock” in that the subject equity in its original form is conferred with specified preferred rights for the holder, such as fixed dividends, liquidation preference, etc. While a conversion to “ordinary equity” is inevitable for CCPS, convertible preferred stock generally comes with the option to convert.
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