DiligenceReadyसमीक्षा सिद्ध
Start free check

Know every document an investor will want, months early.

For Indian MSMEs raising investment, taking a loan or selling the business. See every document you will be asked for, and have your own CA or CS clear each one.

Start free checkSee how it works
A green cloth-bound register open on an office desk, three entries ticked in green ink, with a rubber stamp and a green ink pad beside it.

Where most companies are

Most MSMEs run diligence on WhatsApp and a folder called Final_v3.

That works until an investor or a bank asks, and then it costs weeks.

A desk in disorder: loose photocopies, unlabelled envelopes, a phone face down, a pen drive and an old bundle of files tied with tape.

Without a workspace

  • Files spread across email, WhatsApp and three drives
  • Nobody can say what percentage is actually done
  • Your CA asks again for documents you already sent
  • Gaps surface during diligence instead of before it
  • No record of who opened which document, or when

Your companyReadiness, example

75%

With DiligenceReady

  • One list, scoped to your turnover and structure
  • A readiness percentage that moves as you upload
  • Your own CA or CS reviewing inside the workspace
  • Questions attached to the item, not lost in a chat
  • Every document open logged against the reader's name

Your checklist

Your list, scoped to your company

Answer six questions and watch the register re-scope. It runs the rules your workspace runs, over the full list of 318 items in 33 categories.

Turnover last financial year
Employees on the payroll
Entity type
Exports or imports

Or foreign investment in the company.

Regulated sector

For example lending, payments, insurance or healthcare.

What you are getting ready for

Your company

Checklist estimate at tier 1, example

137

items across 24 categories

Change an answer to see which items come into the list and which leave it.

  • Company basics11 items
  • Ownership and fundraising16 items
  • Financials and banking18 items
  • Tax and GST17 items
  • Contracts and customers9 items
  • People and operations15 items
  • Licences and compliance36 items
  • IP, tech, risk and cross-border15 items
An estimate from the same rules your workspace uses. Your exact list comes from your company profile. Questions not asked here, such as your sector and whether you own property, keep their items in until your profile answers them.

The law behind it

The lines your list is drawn on

What a company owes changes at set sizes. Two of the tiers in the checklist estimate start on these lines, at ₹5 crore and at ₹100 crore.

  1. ₹1 crore

    Tax audit begins

    A tax audit applies once business turnover passes ₹1 crore, or ₹10 crore if cash receipts and payments are each within 5%. From tax year 2026-27 the audit sits in section 63 of the new Act; audits for FY 2025-26 still follow section 44AB.

    Income-tax Act 2025, s.63 (s.44AB of the 1961 Act up to FY 2025-26)

  2. ₹5 crore

    GSTR-9C reconciliation

    Above ₹5 crore of aggregate turnover across all your GSTINs, a self-certified reconciliation statement goes with the annual GST return.

    Tier 2 starts here in the estimate.

    CGST Rules 2017, rule 80(3)

  3. ₹100 crore

    No longer a small company

    Above ₹100 crore turnover, or ₹10 crore paid-up capital, the small-company exemptions end and CARO 2020 reporting generally applies.

    Tier 4 starts here in the estimate.

    Companies Act 2013, s.2(85); limits revised 1 Dec 2025, G.S.R. 880(E)

  4. 20 employees

    EPF applies

    EPF applies once you employ 20 people. ESI generally starts at 10, where ESIC has notified the area, which is why your list asks for PF and ESI records from 10.

    Code on Social Security 2020, s.1(4) and First Schedule

Checked against the notified text on 30 September 2026. Your CA confirms what applies to you. What each line means in a deal is in how due diligence works in India.

What else counts

What changes your list

Turnover sets how deep the list goes. These five facts about your company add whole groups of items, and the rest stay off it.

  • Machined steel flanges and bolts, a vernier caliper and a closed grey folder on a steel workbench.

    19 items

    You make, pack, build or move goods

    A licences and safety section opens: factory registration, pollution control consent, fire NOC, BIS and FSSAI where they apply, and the renewal date for each.

  • A plain export carton with a blank label, a steel bolt seal and a folded shipping document tied with tape, inside an open container.

    14 items

    You export or import

    Your IEC from DGFT, FEMA filings with RBI, customs history, and the FIRC or BRC for each export receipt.

  • An attendance register open on a desk beside a stack of face-down pay slips and a stapler.

    3 items

    You employ 10 or more people

    PF and ESI compliance, a PoSH Internal Committee and a gratuity valuation join the list.

  • A note-counting machine with an empty tray beside a stack of bound client files and a closed cash box.

    5 items

    You lend, invest or handle payments

    An AML programme, a KYC policy, suspicious transaction records and the staff training behind them.

  • A bound report tied with tape on a dark folder, a fountain pen resting across it.

    8 items

    You are raising money or selling

    Valuation joins: the report, the method, the key assumptions, and when it was last done.

Counts are items on the master list that each fact adds. Everything else follows your turnover. Photographs are illustrations of the work, not customers.

Inside one item

What your CA checks

Every item on the list says what to upload, why it is asked for, where to get it and what to do if it is missing. Here is one, taken apart line by line.

Your company

Checklist item, example

Company basics

  • Annual filings - AOC-4, MGT-7, MSME-1, DPT-3, DIR-3 KYCFY 2022-23 to 2024-25Uploaded
  1. The formsAOC-4, MGT-7, MSME-1, DPT-3, DIR-3 KYC

    The mandatory annual RoC filings: financials (AOC-4), annual return (MGT-7), MSME dues (MSME-1), deposits return (DPT-3) and director KYC (DIR-3 KYC).

  2. The periodThe last three financial years

    Upload each filed form with its SRN/challan for the last three FYs.

  3. Where it comes fromThe MCA portal

    Download from the company's filing history on the MCA portal, or collect from the company secretary / CA who files them each year.

  4. What your CA checksAOC-4 and MGT-7 match the audited accounts and the shareholding

    Make sure AOC-4 and MGT-7 match the audited accounts and the shareholding you disclose elsewhere.

    Up-to-date annual filings are the clearest signal of compliance hygiene.

    Gaps or late filings expose the company and its directors to penalties and are an immediate diligence concern.

  5. If it is missingAdditional fees accrue daily, so quantify the exposure

    List any year not filed and why.

    Additional-fee liability accrues daily, so quantify the exposure and plan the catch-up filings before an investor asks.

An example entry, not a real company. The guidance is the item’s own, as it appears in the checklist; your CA decides what it needs in your case.

The review

A question from your CA, and the answer that clears it.

The review happens on the item, with the file beside it. When your CA is satisfied, the item is cleared with their name and the date.

  • Questions sit on the item, not in a chat thread
  • Your CA reads the file in place and cannot download it
  • Every open is logged against the reader's name

Your company

One item and its review, example

Tax and GST

Reconciliation, ITC availed per GSTR-3B vs GSTR-2B

FY 2025-26

  1. YouUploaded the ITC reconciliation for FY 2025-26.11 AugUploaded
  2. Your CAThe ITC in your returns does not match GSTR-2B for October. Can you add the reconciliation working?12 AugNeeds work
  3. YouAdded the working sheet. The gap is one vendor invoice that landed in November.13 AugUploaded
  4. Your CAMatches GSTR-2B now.16 AugClearedby your CA16 Aug 2026

Evidence

ITC-reconciliation-FY26.xlsx

88 KB

Uploaded by
You, 13 Aug
Version
2
Stored in
Your Google Drive

The file stayed in your Drive. Your CA read it in place and could not download it, and the open was logged against their name.

An example, not a real company: one item going from Needs work to Cleared, with its evidence beside it. A short video of the whole flow, from the free check to a cleared item, is planned.

How it works

Three steps. The first takes four minutes.

You can finish the first one without creating an account.

  1. Turnover last financial year

    Under ₹5 crore₹5 to ₹10 crore

    Readiness 75%, three gaps named

    1

    Answer a few questions

    Turnover, headcount, how you are registered, whether you export. We work out which documents apply and give you a readiness percentage with the gaps named. Free, no account or card; you leave your contact details for the report.

  2. MGT-7 annual returnUploaded
    MGT-7-FY25.pdfFY 2024-25

    Stored in your Google Drive

    2

    Upload against each item

    Each item names the exact return, for the exact period, from the portal it comes from. Files go into your own Google Drive, not our servers. How your documents are protected

  3. GSTR-3B

    Q1 2026-27

    Clearedby your CA14 Aug 2026

    3

    Invite your own CA or CS

    The professional you already work with reads each document beside its item, raises a question where something is missing, and clears it when it is right. They cannot download anything.

What the status on each item means

These are the same words you will see in your workspace. Two more appear when they apply: In progress, for an item you have started but not finished, and Not applicable, for one that does not apply to your company.

  1. Not started

    The item is on your list with the exact document named.

  2. Uploaded

    You have attached a file. Your readiness percentage moves up.

  3. Needs work

    Your CA has raised a question. It sits on the item until you answer it.

  4. Cleared

    Your CA is satisfied with the evidence. That part of diligence is done.

Your documents

Your documents stay yours. Here is exactly what happens to them.

Balance sheets, ITRs and shareholder agreements are not files you hand over casually. So this is stated plainly rather than buried in a policy page.

  • A grey steel almirah with both doors shut and a key left in its lock.

    Stored in your own Google Drive

    When you connect Drive, we ask for a permission that reaches only the folders this app creates. We cannot open, list or search anything else in your account, and we do not keep a copy of your files on our servers. Disconnect and the documents stay with you.

  • Encrypted in transit and at rest

    Everything moves over TLS. Files sit encrypted at rest in Google Drive. Our database is in Mumbai; hosting, email, analytics and error reports use providers outside India. When your reviewer opens a document it streams from your Drive through our servers and is not saved on our side.

  • Nobody sees a document unless you invite them

    There is no shared pool and no default access. A reviewer sees only the company that invited them, and nothing from any other. We do not open your documents, and we do not share them with anyone.

  • Reviewers read, they do not download

    An invited CA or CS views the document inside the workspace. There is no download route for that role. Every time a document is opened, who opened it and when is written to an audit trail.

  1. Your Google Drive

    The file is written to a folder this app creates in your own account. We keep no copy.

  2. Read in the workspace

    Your CA opens it beside the checklist item it answers. There is no download for that role.

  3. Written to the audit trail

    Who opened which document, and when, logged against their name.

Download is not a step. There is no route that hands a reviewer a copy of your evidence.

Read the full security and privacy page

Who it is for

Built for founders and the professionals they invite

  • A steel company seal embosser beside a closed cloth-bound minute book and a fountain pen.

    MSME founders

    You are raising money, applying for a loan, or thinking about selling. You want to know what will be asked for, and fix the gaps in your own time rather than under a deadline.

    Live
  • An open ledger with green ticks in the margin, a desk calculator and a pencil.

    CA and CS professionals

    Your client invites you in. You review the evidence in place, raise a question against the exact item, and clear it when it is right. No back and forth over email attachments.

    Live
  • Bound law volumes behind an agreement tied with tape and flagged with blank paper tabs.

    Law firms

    Your client invites you to review the legal side: company records, contracts, property and disputes. You read the evidence in place, raise a question against the exact item, and clear it when it is right.

    Live
  • Reading glasses folded on a closed bound report with a green tick on its label.

    Investors and lenders

    Read-only access to a company's record once its own CA has cleared it, with the history of how it got there. This is not available yet.

    Planned

Pricing

Free to check. Early access for the workspace.

You do not need a deal in progress. The best time to start is a quiet month, so that when an investor, a buyer or a bank does turn up, there is nothing left to fix. We are taking on the first companies one at a time.

Readiness check

Find out where you stand. About four minutes.

₹0free, no account or card

  • A readiness percentage with each gap named
  • An action list you can hand to your CA
  • Leave your contact details and the full report comes by email
  • A free account shows your first checklist items
Run the free check

Readiness workspace

Early access

The full checklist, your documents, your reviewer, and a log of every document open.

Talk to uspricing available upon request

  • The full India checklist, scoped to your company
  • Invite your own CA or CS by email
  • Documents stored in your own Google Drive
  • Questions raised on the item, and a log of who opened what
Talk to us about access

Questions

Questions we get asked

What is DiligenceReady, in one line?

It is a workspace that lists every document an investor, buyer or lender will ask an Indian MSME for, tracks which ones you have, and lets your own CA or CS review and clear them before the deal starts.

Do you hold our documents?

No. Files are written to your company's own Google Drive, into folders this app creates, under a permission that cannot reach the rest of your account. We do not keep a copy. If you disconnect, the documents stay with you.

Who can see what we upload?

Only people you invite to your company's workspace. There is no shared pool, no default access, and a reviewer invited by one company cannot see anything belonging to another. We do not open your documents and we do not share them with anyone.

Can the CA we invite download our files?

No. An invited reviewer reads the document inside the app. There is no download route for that role, and every time a document is opened it is recorded against their name.

We already have a CA. Does that work?

That is exactly the intended path. You invite the professional you already trust by email. They create an account and see only your company. We do not assign anyone to you.

Is the readiness check really free?

Yes. It needs no account, no card and no documents. You answer a short set of questions, then leave your name, company, WhatsApp number and email, and you see your readiness percentage with the gaps named. The full report comes by email, and we may follow up on WhatsApp about it. Create a free account after that and you will see the first items of your own checklist. The check stays free.

What does the workspace cost?

We are not publishing a price yet. The workspace is in early access and we are taking on companies one at a time, so we would rather talk to you, understand the shape of your company, and tell you a figure that is right for it. Write to us and you will get an answer, not a waitlist.

What file types can be reviewed?

PDF and images open directly. Word and Excel files are converted to a readable preview on the server, so your reviewer does not need the original software to read them.

Get investor-ready before the investor arrives.

Find out where you stand in about four minutes. It is free and needs no account or card. Leave your contact details and we send you the full report.

Start free check
  • Annual filingsFY 2024-25Clearedby your CA2 Sep 2026
  • Board minutesFY 2025-26Uploaded
An example, not a real company.