What will be the legal compliance for an online house renting company

823 votes

Hello, Apart from basic registration of the business, you will be an intermediary as defined under section 2(w) of IT act and for the same, there are few guidelines which needed to be followed by you. I think one meeting with the lawyer will be sufficient to make you understand the whole guidelines. Regards

Advocate Amit Nagar LawRato

738 votes

It will be same as that of any other technology based start up company. You have to - 1. Get your company registration done. 2. Get your PAN /TAN issued. 3. Get GST registration done. 4. Seek assistance from the payment gateway and get their permission. 5. Seek assistance from the RBI if you intend to create a wallet for the same or you wish to facilitate the payment process on your own. 6. Seek assistance from such institute which can insure that making payment from your portal is safe and secure and no one will lose their money. If possible take certification on this front as well in case you intend to protect your platform through your own codings. 7. Check if your portal falls under e-commerce. If yes then you have to seek permission under Press Note 3. 8. You are also supposed to develop guidelines for using your portal, tutorials and contracts like End User License Agreements, Terms of Use, Privacy policy and IPR and Confedentiality agreement. 9. There has to be one grievance redressal forum as per the Information Technology Act 10. To protect your design, logo and framework you have to get it registered under domains of several IPR like trademarks, copyright, industrial design and others.

Advocate Pulkit Prakash LawRato