Whether my start up idea is legal
07-Jun-2023 (In R.T.I Law)
If I open a startup where people can bid the unique amount for a certain thing for example an iPhone. Will that be legal? If not then what will I require to make it work under govt rules and regulations. Suppose there are 11 bidders and they each bid 1 rupee for a pen of rupees 10. And 1 will win the pen by automated random process. Just let me know if this is legal. Thank you
Could you tell us in which state are you going to do this.
Legally there are two parts to contests like this, "game of skill" and "game of Chance".
This would fall under the category of game of Chance which is illegal in India except nagaland.
However there are ways to regulate it, you could fix an appointment to know more about it.
Legally there are two parts to contests like this, "game of skill" and "game of Chance".
This would fall under the category of game of Chance which is illegal in India except nagaland.
However there are ways to regulate it, you could fix an appointment to know more about it.
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