Satish 15 November 2020
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?
Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 16 November 2020
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
Dr. J C Vashista (Advocate ) 18 November 2020
Obtain money lending licence, as advised by expert Mr. Heman Agarwal, I agree.
Adv Vinay Mathur + 8447131770 (Advocate) 18 November 2020
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