Agreement for financial transaction
5 years ago
I have group of investors who are ready to give me small amount about 4 to 6 lacks for long term and I can use this bulk collected for any investment or business and in return after about 20 years I have to return them amount which is minimum 10 times of amount given to me.
I need to know
(1) Can I give them guarantee that this many times of their deposit will be given to them after about 20 years
(2) Do I require to get any licence from government bodies ?
(3) What kind of agreement O need to enter with depositor ?
Deepak Yashwantrao Bade
Responded 4 years ago
A.dear client in your matter Request you to please take consultation for the answer to your qeries.
Helpful
Helpful
Share
Ambrose Leo
Responded 5 years ago
A.You cannot do the banking activities involving Public and their money it is against the strict Banking & Finance Act. It is better to consult a Corporate Advocate to guide & help you.
Helpful
Helpful
Share
Read Related Answers
civil law
Dear Client,
When a suit related to a property is sub-judice(pending) before a Court of Law, that cannot be a subject matter of an agreement or contract. Being aware of the facts if the parties made a...
Contract renewal and Earn leave encashment.
Dear Client,
Contractual workers are subject to the terms and conditions of their employment which can be altered or revised by the Contractor which is their prerogative and if such alteration protect...
Employment Agreement/ Experience and Reliving Letter
Dear Sir
Please approach the following authority or similar authority in a state
The Office Commissioner of Labour
Karmika Bhavan, Dairy Circle,
Bannerghatta Road, Bangalore-29.
080-29753078
labou...
Employee Contract - Reg
Dear Client,
The breach of any terms and conditions of any contract makes the defaulter liable to face legal consequences from the other party. But, a discriminatory or mala fide action of the employe...
Sign on blank paper
Dear Client,
In the given scenario, be ready for any unwanted and worse consequences for signing on a blank paper if the same is misused. Serving a legal notice try to get back the said signed blank p...
Read Blogs on Contracts and Agreements
Contracts and Agreements Lawyers
Find Lawyers by Location