UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) ~~May~~September 1116, 2012

IAAsura ~~Global~~Development Group, Inc.

(Exact name of registrant as specified in its charter)


Delaware	1-15863	13-4037641
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

15300 N. 90^th Street, Suite 200 Scottsdale, AZ 85260

(Address of principal executive offices) (Zip Code)

(415)-946-8828

(Registrant’s telephone number, including area code)

IA Global, Inc.

(Former Name if changed since last report)

101 California Street, Suite 2450, San Francisco, CA 94111

(~~Address~~Former ofaddress, ~~principal~~if ~~executive~~changed ~~offices)~~since ~~(Zip~~last ~~Code~~report)

(415)-946-8828

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

. ~~Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230~~.~~425)~~

.Written ~~Soliciting~~communications ~~material~~ pursuant to Rule ~~14a-12~~425 under the ~~Exchange~~Securities Act (17 CFR ~~240~~230.~~14a-12~~425)

. ~~Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))~~

.Soliciting ~~Pre-commencement~~material ~~communications~~ pursuant to Rule ~~133~~14a-~~4(c)~~12 under the Exchange Act (17 CFR 240.~~13e~~14a-~~4(c~~12))

~~Item 1~~ .02. ~~Termination of a Material Definitive Agreement.~~

~~And~~Pre-commencement communications pursuant to Rule 14d-2~~.06 Material~~(b) ~~Impairments~~under the Exchange Act (17 CFR 240. 14d-2(b))

~~Termination and Release Agreement~~ ..

OnPre-commencement ~~July~~communications 9,pursuant ~~2012,~~to ~~the~~Rule ~~Company entered into a Termination and Release Agreement~~ 133-4(~~the “ISD Termination Agreement”~~c) ~~with~~under ~~Innovative~~the ~~Software~~Exchange ~~Direct~~Act ~~plc~~ (~~“ISD”),~~17 ~~its~~CFR ~~subsidiary Powerdial Services Limited, a UK company in administration~~ 240.13e-4(~~“Powerdial”~~c) ~~and the ISD Administrators in the United Kingdom (“UK Administrators”~~) whereby 2,400,000 shares of common stock, which were held by the UK Administrators, were returned to the Company and cancelled in exchange for $2,100 in processing fees and a mutual release of liabilities. Simultaneously, the contemplated acquisition of Powerdial from ISD was terminated. The Company was and continues to be, an unsecured creditor of ISD for $150,000, which will most likely be written off. In addition, the company and UK administrator consider this transaction as null and void ab initio, as Powerdial went into forced administration before any indicia of ownership or consideration could pass, and therefore will not be included in the Company’s consolidated financial statements.

AItem ~~copy~~3.02 ofUnregistered ~~the~~Sales ~~ISD~~of ~~Termination~~Equity ~~Agreement is filed as an exhibit to this Report~~Securities.

~~Settlement~~Effective ~~Agreement~~as ~~with~~of September 16, 2012 Asura Development Group, Inc., f/k/a/ IA Global, Inc., a Delaware corporation (the “Company”) authorized the issuance of an aggregate of 3,200,000 shares of the Company’s restricted common stock to its directors, and a former ~~CFO~~officer and service providers in exchange for services rendered as director or officer or for services, as the case may be, between September 1, 2011 and December 31, 2012. The foregoing did not include, necessarily, all salary compensation otherwise payable. No placement agent was used in connection with the issuance of the securities and no finders or other fees were paid in connection therewith. The foregoing transaction was approved by all directors. After the foregoing issuance, and as of the date of filing hereof, the Company has 14,668,694 of its common stock issued and outstanding, and excluding any shares issuable upon exercise or conversion of warrants or debt instruments. The issuances were each approved by the Company’s compensation committee and majority of disinterested directors.

OnThe ~~September~~shares 5,issued ~~2012,~~are ~~the~~restricted ~~Company~~securities ~~entered~~pursuant ~~into~~to aRule ~~Termination~~144 ~~and~~of ~~Release Agreement (~~the ~~“Scott~~rules ~~Settlement”)~~promulgated ~~with~~under ~~Mark Scott,~~ the ~~Company’s~~Securities ~~former~~Act ~~Chief~~of ~~Financial Officer~~1933, ~~which~~as ~~terminated all previous employment~~amended, ~~consulting, release or other agreements of the parties,~~ and ~~released one another from any and all claims and liabilities~~, ~~pending completion of settlement payments. Mr. Scott resigned from all positions with~~ the Company onbelieves ~~June~~that ~~30,~~the ~~2011.~~foregoing Asissuance ~~previously~~is ~~reported~~exempt onfrom ~~April 30, 2012 Mr. Scott had entered a claim totaling $167,598. Mr. Scott had also entered into previous settlement arrangements with~~ the ~~Company. Under~~registration ~~the~~requirements ~~terms~~ of the ~~Scott~~Securities ~~Settlement~~Act ~~Agreement,~~pursuant ~~the~~to ~~Company~~Section ~~will~~4(2) ~~pay~~thereunder ~~Mr.~~as ~~Scott~~a antransaction ~~aggregate~~not ofinvolving ~~$15,000~~any inpublic ~~four payments commencing September 15, 2012 through December 15, 2012~~offering. In ~~addition, Mr. Scott will receive 200,000 shares of IA Global Stock. 100,000 of these settlement shares will be restricted and 100,000 will be unrestricted.~~

AItem ~~copy~~5.02 Departure of ~~the~~Directors ~~final~~or ~~Scott~~Certain ~~Settlement~~Officers; ~~Agreement~~Election isof ~~filed~~Directors; asAppointment anof ~~exhibit~~Certain toOfficers; ~~this Report~~Compensatory.

~~Item~~Resignation ~~5.02. Departure~~ of ~~Directors~~Other ~~or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.~~Director

~~Resignation~~Effective as of ~~Other~~September ~~Director~~16, 2012, Dr. Ragna Krishna resigned as a member of the Board of Directors of the Company. Dr. Krishna’s resignation from the Board was not due to any disagreement with the Company relating to the Company’s operations, policies or practices. Dr. Krishna has received a copy of this disclosure contained in this Current Report on Form 8-K prior to filing and has not disagreed with the statements herein. Currently the Board Members remaining include Mr. Brian Hoekstra, Mr. Ryuhei Senda, Michael Garnreiter and Greg LeClaire. Dr. Krishna remains a non-voting board observer until the next annual meeting of the Company.

OnDr. ~~May~~Krishna ~~11,~~did ~~2012,~~not ~~Mr.~~receive ~~Mark~~any ~~Lev~~special ~~resigned~~remuneration asin aconnection ~~member~~with ofhis ~~the~~departure ~~Board~~but ofdid ~~Directors,~~receive ~~effective~~board compensation as ofset ~~May~~forth 11above, ~~2012. Mr.~~as ~~Lev’s~~provided ~~resignation from the Board was not due~~ to ~~any~~other ~~disagreement~~board ~~with~~members ~~the Company relating to the Company’s operations, policies~~ or ~~practices. Mr.~~officers ~~Lev has received a copy of this disclosure contained~~ in ~~this~~connection ~~Current~~with ~~Report~~their onduties ~~Form~~while ~~8-K~~tenured ~~prior to filing and has not disagreed~~ with the ~~statements herein~~Company. A ~~copy of correspondence from Mr. Lev is enclosed herewith.~~

~~Settlement~~Item ~~Agreement~~5.03 ~~with~~Amendments ~~former~~to ~~CFO~~Articles of Incorporation or Bylaws; Change in Fiscal Year.

AsEffective ~~disclosed~~as ~~above~~of September 24, 2012, the Company ~~entered~~filed ~~into~~a Certificate of Ownership and Merger in the ~~Scott~~State ~~Settlement~~of ~~Agreement~~Delaware (the “Certificate of Merger”) merging its recently formed wholly owned subsidiary, Asura Development Group, Inc., with ~~Mark~~and ~~Scott~~into the Company, with the Company as the surviving corporation (the “Merger”). The result of the Merger was to cause an amendment to the Company’s ~~former~~Certificate ~~Chief~~of ~~Financial~~Incorporation ~~Officer~~in ~~through~~Delaware, ~~June~~pursuant 30to Section 253 of the Delaware General Corporation Law, ~~2011. Details~~changing the name of the ~~settlement~~Corporation ~~are~~from ~~provided~~IA ~~above~~Global, inInc. ~~Item~~to 1“Asura Development Group, Inc.02” No ofother ~~this~~changes ~~Current~~have ~~Report~~been onmade ~~Form~~to ~~8-K~~the Company’s Certificate of Incorporation. A copy of the Certificate of Merger is filed as an exhibit to this Report.

The reason for the change of the Company’s name, as determined by the Board, was to better reflect the Company’s ongoing Asian business sectors, and business as contemplating during its current restructuring.

The Company will advise as to any change of the Company’s stock symbol.

Item 7.01 Regulation FD Disclosure.

A press release relating to the Company’s development plans as well as the Merger and resultant name change is furnished as a copy to this Report.

Item 9.01 Financial Statements and Exhibits

(c)

Exhibits.

The following shall be deemed filed or furnished with this Report.

Exhibits


Exhibits	Exhibit Description
3.01	Certificate of Ownership and Merger Merging Asura Development Group, Inc., with and Into IA Global, Inc., Filed with Secretary of State of Delaware October 1, 2012, effective as of September 24, 2012.
99.1	Press Release dated as of October 9, 2012, relating to change of the Company’s name from IA Global, Inc. to Asura Development Group, Inc.

~~10.1~~2

Termination and Release Agreement by and among IA Global, Inc., Innovative Software Direct plc., and Powerdial Systems, Limited, acting by its joint administrators, and the PSL Administrators, dated as of July 9, 2012. (filed)

10.2

Termination and Release Agreement by and between Mark E. Scott and IA Global, Inc., dated as of September 5, 2012. (filed)

17.1

Correspondence of Mark I. Lev on resignation. (filed)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

IAASURA ~~GLOBAL~~DEVELOPMENT GROUP, INC.

(Registrant)

Dated: ~~September~~October 1410, 2012

By: ~~/s/ Brian Hoekstra~~

/s/ Brian Hoekstra

Brian Hoekstra

~~Secretary~~Chief Executive Officer


Exhibits	Exhibit Description
3.01	Certificate of Ownership and Merger Merging Asura Development Group, Inc., with and Into IA Global, Inc., Filed with Secretary of State of Delaware October 1, 2012, effective as of September 24, 2012.
99.1	Press Release dated as of October 9, 2012, relating to change of the Company’s name from IA Global, Inc. to Asura Development Group, Inc.

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