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Satish   15 November 2020

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?



 3 Replies

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 and Legal Consultant)     18 November 2020

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

Adv Vinay Mathur + 8447131770 (Advocate)     18 November 2020

You can take dealership of stock broking company.

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