Hi
I raised funds for my startup as CCD last year. I now have decided to not proceed with the idea and have partial funds remaining which I would like to return to my investors.
I have been suggested two options:
1. Conversion to CCPS at a much reduced valuation, buy back at nominal value and return funds by other means (professional fees etc)
2. Amend the CCD agreement to include a voluntary termination with partial funds refund clause.
What is the best way to go about this?
CAclubindia
