accepting deposits for Pvt Ltd Co. in GCC
Querist :
Anonymous
(Querist) 28 May 2010
This query is : Resolved
1. Our Company (P. Ltd) is planning to extend its services to GCC Countries. Among our services we provide, accepting investments from clients are also considered. Most of the services we offer are online. We (P. Ltd) have doubt regarding on accepting investment
2. From our discussion we have got one option to get investments is as follows:
 Pvt Ltd co: can have a max of 50 members
 From each member and his relatives deposits can be accepted
So by issuing at least a single share to a probable investor we can legally accept deposit without any limits.
3. Finally we would also wish to draft a master client agreement (online) form which can be the base of our services --- to be used when a client is registered.
Querist :
Anonymous
(Querist) 28 May 2010
Another option we have got For accepting Deposits is
 Pvt Ltd co: can have a max of 50 members
 From each member and his relatives deposits can be accepted
So by issuing at least a single share to a probable investor we can legally accept deposit without any limits.
Legal opinion on this regard required
