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Q. Crowdfunding for inventory

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V Shankar

posted 1 year ago

Q.Crowdfunding for inventory
I understand that there are the following types of crowd funding:
1. CF for rewards - Allowed in India
2. CF of Debt - Allowed as per P2P Lending RBI guidelines
3. CF for donations - Allowed in India
4. CF in return for equity - Not allowed in India

Now if I want to start a CF business which does not fall under all the four, what are the legal implications. For example, crowd can fund in the inventory of a credible business and earn profit margin out of the sales of the inventory.

Please refer to kickfurther.com. How can I do something similar in India?

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Rajender Prasad

Experience: 5 Year(s)

Responded 9 months ago

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A. ) Dear sir, pl. follow the advice given by the learned advocate colleagues. For details, contact some advocate through vidhikarya.com

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Abhimanyu Shandilya

Experience: 14 Year(s)

Responded 1 year ago

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A. ) Crowd funding in India is still growing and there is no particular laws to govern this model of business right now. There are may non- profit organization which do this for a social cause or for helping someone in medial need. When you do crowd funding for profit you have to ensure that you are not breaching any laws of the land and you are not doing it for any business activity which is barred. In my opinion, due to absence of direct laws, you can go ahead and start the business and as and when there is something about it you comply with that.
I would suggest you to have a legal expert always with you who can work like touchstone to tell you whenever you are starting something new.

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Deepak Yashwantrao Bade

Experience: 9 Year(s)

Responded 1 year ago

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A. ) Dear client there is need to know about all details about your query .Kindly contact with vidhikarya lawyer

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ROBERT D ROZARIO

Experience: 15 Year(s)

Responded 1 year ago

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A. ) Contact me through Vidhikarya

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ROBERT D ROZARIO

Experience: 15 Year(s)

Responded 1 year ago

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A. ) Contact me through Vidhikarya

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