New business stock market investment


Hi, 

I am trying to start up a small investment firm. 

1. Collect money from client in small amount (Rs 5000)

2. Invest it and make profit. 

3. Provide 5% plus initial investment after a month. Say for example, Rs 10000 client gets 10500 after a month. 

What type of contract should I need to make me legally secure?

 
Reply   
 
ha21@rediffmail.com Mumbai : 9820174108

1. FIRSTLY obtain license from RBI and state Money Lending license authority, for even thinking of starting such investment business. All such type of investment business, without licenses can be prosecuted under PMLA, FERA, GST, Income Tax laws.

Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com

 
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Advocate and Legal Consultant

Obtain money lending licence, as advised by expert Mr. Heman Agarwal, I agree.

 
Reply   
 

You can take dealership of stock broking company.
 
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