Mediation : Online Dispute Resolution Mediation : ODR new Call to vidhikarya care phone number+917604047601
Request Consultation
Free Legal Advice
Request Consultation Free Legal Advice

Home > Free Legal Advice > Question Details

Vidhikarya Legal Questions Answered

100,000+ Legal Questions Answered

100,000+ Legal Questions Answered
Ask Your Question
Partnership

Investment in startup company in India

I invested (through online bank transfers) in a registered tech startup company in India almost 2 years ago, and they still did not give me a shareholding certificate. They kept delaying until Dec 2021 and now, they did not respond after. They are now reaching out regarding my PAN number for startup audit purposes. I want to get my shareholding certificate. Honestly, I do not know their intents on how they would end up using my PAN. Is there any risk in sharing my PAN number to my disadvantage. I have a hypothetical risk scenario in my head: could they use my PAN number to document my investment as "donations" to startup, thus evading my shareholding certificate.

( Hyderabad, Telangana )

3 years ago

Reply to this question

Reply
A.
Dear Client,
It is advised not to share PAN number even though it is unlikely to be used for fraud it is wise not to share without full knowledge of how and what is needed.

Thank You
Vidhikarya
Was the answer helpfull

Helpful

Share
A.

A.Was there any paperwork done for the investment. Your contract should have been attached to review the same. Ideally merely someone having your PAN number does not matter but such people should not be provided with authority to use your PAN number for their business purposes as you are an investor so they cannot use your information in unauthorised manner otherwise you may think to sue them in the Court of law. Thank you.

Vidhikarya
Was the answer helpfull

Helpful

Share
Submit request

Submit Request

Post Your Legal Issue to connnect with Lawyers Online

Submit
Talk to a lawyer

Talk to a Lawyer

Connect Now

Read Related Answers

Common party wall regarding

Dear Client, In the given scenario, you can bring the matter to the notice of the concerned authority i.e., the Building plan-approving authority, TNHB at Madurai and can also file a civil suit seekin...

Blocking of the bank account

Dear Client, If you have instructed the bank that bank account can be operated jointly only then one partner alone cannot instruct the bank to block or freeze the account without the consent or auth...

cheating in business

Dear Client, A dispute between traders or businessmen is considered a commercial dispute and the remedy lies with the Commercial Court constituted under the Commercial Court Act, 2015. A commercial d...

Boyfriend blackmail kar rha hai

Dear Client, In the given scenario, first, you should lodge an FIR against the person for blackmail and criminal intimidation at the local police station under Sections 308 and 351(1) of the Bharatiy...

Boyfriend cheating

Dear Client, It appears that you became the victim of a cold-blooded conspiracy that robbed you of your valuables and left you scared of the situation. Unfortunately, in the absence of any cogent evid...
Ask a Question

Ask a Question

Ask Now
Settle Your Dispute without going to Court

Settle Your Dispute without going to Court

Vidhi Samaadhaan

Vidhikarya Center for Dispute Resolution
Apply Now

Read Blogs on Partnership

Demystifying Partnership Deeds: Essential Elements Explained
Posted On : May 13, 2024

Demystifying Partnership Deeds: Essential Elements Explained

LLP vs Pvt. Ltd. Company: Difference Between Pvt. Ltd. and LLP
Posted On : May 13, 2024

LLP vs Pvt. Ltd. Company: Difference Between Pvt. Ltd. and LLP

DOCTRINE OF ULTRA VIRES WITH RESPECT TO COMPANY LAW
Posted On : May 13, 2024

DOCTRINE OF ULTRA VIRES WITH RESPECT TO COMPANY LAW

Categories

Partnership Lawyers

Abhimanyu
Call to Abhimanyu Send whatsapp message Send whatsapp message Send mail to vidhikarya Send mail to vidhikarya

Abhimanyu Shandilya

Kolkata

Abhradip
Call to Abhradip Send whatsapp message Send whatsapp message Send mail to vidhikarya Send mail to vidhikarya

Abhradip Jha

Kolkata

Jaswant
Call to Jaswant Send whatsapp message Send whatsapp message Send mail to vidhikarya Send mail to vidhikarya

Jaswant Singh Katariya

Gurgaon

Find Lawyers by Location

Partnership Lawyers in Anand

Partnership Lawyers in Bangalore

Partnership Lawyers in Bhopal

Partnership Lawyers in Chennai

Partnership Lawyers in Delhi

Partnership Lawyers in Faridabad

Partnership Lawyers in Goa

Partnership Lawyers in Gurugram

Partnership Lawyers in Hyderabad

Partnership Lawyers in Indore

Partnership Lawyers in Kolkata

Partnership Lawyers in Lucknow

Partnership Lawyers in Mumbai

Partnership Lawyers in Nagpur

Partnership Lawyers in Noida

Partnership Lawyers in Patna

Partnership Lawyers in Prayagraj

Partnership Lawyers in Pune

Partnership Lawyers in Ranchi
Find Lawyers by Location Find Lawyers by Location

©2025 Vidhikarya. All Rights Reserved.

Disclaimer

The Bar Council of India does not permit advertisement or solicitation by advocates in any form or manner. By accessing this website (www.vidhikarya.com), you acknowledge and confirm that you are seeking information relating to VIDHIKARYA LEGAL SERVICES LLP (The LAW FIRM) of your own accord and that there has been no form of solicitation, advertisement or inducement by VIDHIKARYA LEGAL SERVICES LLP or its members.
The content of this website is for informational purposes only and should not be interpreted as soliciting or advertisement. The User agrees that he/she is visiting the site on his own volition to seek more information about the firm and its Advocates.
The contents of this website are the intellectual property of VIDHIKARYA LEGAL SERVICES LLP.

OK Cancel
Vidhikarya Official support e-mail Contact Vidhikarya by phone Number vidhikarya whatsapp Number