Money Circulation
Abdur Razique
(Querist) 19 August 2017
This query is : Resolved
Hi I am a software developer currently working in US.
I am planning to start a unique business in my home country India.
I only wanted to know, suppose if all of my clients are happy and no one raise any complain for lifetime, and if I also pay a GST legally then can I run a Money Circulation Business (Might be known as mlm business without any product) legally in India.? And the important thing if the joining fee is as low as Rs 50.
In future I will also add
1. An e-commerce marketplace where all types of product will be available as on eBay now.
2. P2P money lending according to RBI guidelines
Please let me know the procedure...
Regards
Rajendra K Goyal
(Expert) 19 August 2017
Repeated query, no reply.
http://www.lawyersclubindia.com/experts/Money-Circulation-651991.asp
R.K Nanda
(Expert) 19 August 2017
no reply to repeated query.
Kumar Doab
(Expert) 19 August 2017
Why to repeat....................?
Dr J C Vashista
(Expert) 22 August 2017
Why do you repeat same query time and again? Do you feel there would be any change of opinion/advise?
If you are not satisfied with the response of experts on this platform FREE OF COST, you must have opted to consult a local prudent lawyer.
It is absurd and ridiculous.
Abdur Razique
(Querist) 23 August 2017
No I didn't wanted to repeat, actually I posted this query using my cellphone and after clicking button I got no response that's why thought my query is not posted and tried again...
Abdur Razique
(Querist) 23 August 2017
Okay anyway, according to u p2p lending also need a banking licence?
And what about my said mlm concept, can I start it without any product only on behalf of our digital service?