Advocate Tarundeep Singh

Questions Answered by Advocate Tarundeep Singh (25+ answers)

Q: Want to register my startup and I am a working personnel in a PSU

I am working in a PSU. Being a PSU working outside is not permissible. But my cofounder is unemployed. We want to register our startup. Can I register my startup with my cofounder? If not, what are other options. Please suggest.

Advocate Tarundeep Singh answered
As you are working in an Psu you will require permission from your department before entering into any business or office of profit and it will also depend on the kind of start up you are looking to start and its legal structure

Q: Clarification on section 8 of Companies Act

We had set up a Non Profit section 8 company for doing social work in July 2014. Since we had not taken any fund or any financial assistance from any authority and filing legal compliances with Registrar and MCA were very expensive so we did not file our final accounts ,audit and other compliances with the Registrar/Govt authority. Now after three years we find that the Govt is coming up with a condo nation of delay program for such defaulters from 1st January 2018. Can we revive our Section 8 company and if so the procedure for it?

Advocate Tarundeep Singh answered
yes you can revive your Section 8 company under the Condination Scheme. It is advisable to get the process started as early as possible as the scheme shall remain in force till 31st March 2018 and procedure and applicability of Scheme depends on case to case. Regards

Q: Legality of lucky draw and its involvement in company

dear sir my dezire am start a PVT LTD company which is registed under ministry of corporate afffair . govt of india , & my dezire online product selling, but starting . m ,hamri company only 5000 small product ( like - home appliance , mobile phone ,led tv , shoes, etc.. ) ko ham lucky draw s sell krna chate h exampal- hamre pass 5000 product h ab hamne advertisment keya h ki jo bhi person intrested h hamri website par registration kre aur foam fill kre uske ki fees h 370 rupees . ( non - refound) hogi , ham n term & condition bta deya h etc... ab 30,000 logo n apply kr deya h sb n pay keya 370 rupees to company n computerised lucky draw nekala aur 5000 logo ko ( mobile , led tv, home appliance etc. winnner ko de deya ) aur winner k naam website pr show kr deya . mera question h - kya vo 25000 person kisi baat k claim kr skte h ya koe criminal mattar like 420 case hoga ... ya nahi plz aap batee aise m kya hoga as per law .

Advocate Tarundeep Singh answered
Dear Sirlottery system or lucky draw business depends on the state in which you are operating as its discretion is with the state government, state like Maharashtra, Punjab has allowed this system but under some regulations

Q: Legal Procedure to start business of selling lucky draw product

lucky draw product selling ka business suroo krna chahta hoo registration process kya hai or kaise suroo kare legal raasta kya hoga sir plz help...??

Advocate Tarundeep Singh answered
Sir Iottery business is prohibited in most parts of the country, central government doest have the power under this only respective states can provide you license for running a lottery business. Few states such as Punjab, Goa, Maharashtra, sikkim provide licensing for running lottery business in IndiaRegards

Q: Process and procedure for film production & distribution entity setup?

Hi, I need to set up a film production & distribution entity in India. Following are my questions: 1) Should I be setting up setting up independent production & distribution entities? 2) If investors are required, what should be the structure of the entity? 3) Which structure is best suited for tax benefits? 4) If foreign investment is required, which structure and which benefits should be availed for tax relief? Thanks!

Advocate Tarundeep Singh answered
Sir You can set up a private company as you can issue shares to investors, which they ask for in return of there investment( indian and foreign investment), you will be required to pay GST when you purchase a film from producer as distributor and you can claim the credit upon sale of film to exhibitors.RegardsAdv Tarundeep Singh