The exchange rules on capital, profits and cash flow fit on one page — most founders clear them. The harder question is what the twelve to twenty-four months after eligibility look like.
Scheme design, trust, valuation, Ind AS 102, exercise FMV, liquidity. Most companies buy these as disconnected pieces from different advisors — and the cracks show up in Series A/B diligence.
Audited is not the same as diligence-ready. Restated financials, related-party cleanups, revenue recognition discipline — and MIS rhythms a diligence room trusts.