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How to register lucky draw
16-Mar-2023 (In Documentation Law)
How to register lucky draw? Whether it is possible to register on name of partner ship firm? In gujarat with which authority it should be register?
You can start lucky draw scheme free of cost among your customers of your business in India. Lottery is not permitted to private agencies. Lucky draw without contribution directly for the draw does not come under lottery act .It is treated as sales promotion scheme.
Even companies registered as non banking companies cannot carry the lottery.
The business model conceived by you may be legally framed as a CHIT FUND which is required to be registered with REGISTRAR OF FIRMS AND CHIT FUND WHO ALSO REGISTERS NGOs.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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