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Hi Sir/MadamI am aware that the scene of dabba trading(collecting and/or managing clients money/acco


01-Apr-2023 (In Corporate Law)
Hi Sir/MadamI am aware that the scene of dabba trading(collecting and/or managing clients money/accounts) is illegal. I was wondering there might be a way in which I will accept money from friends or clients through 1)P2P lending(not sure at what interest rate i have to accept a lending. please clarify) or through 2) accepting money by writing on stamp/bond. I wish to take profits above a certain percentage below which i wont share any profits. For ex. I will start sharing profits only if I am able to achieve more than 12% ROI on investment and sharing will be only after 12%. Also how or in what form should I accept profits in a way that I don't breaking any lawI don't know if this model will be legal or not. If not Is there any other way I can work this around.I am sweating so much because in India, laws are really stringent and unfavourable towards managing accounts. Also taxation benefits are very bad for hedge funds in India(Also I am not eligible for setting up Hedge fund)
Answers (1)

Answer #1
755 votes
Connect me and discuss the reasons to have such a structure, I believe you need a tax consultant and compliance CA who would be able help to assist you on your endeavours.

Your query is incomplete in many respects and any such business decisions taken without knowledge of law and tax would be detrimental.
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