Collective investment scheme
Saikuwmar
(Querist) 11 November 2017
This query is : Resolved
what is the procedure to start a public limited company with limited members of 2500 and collecting investments of small amount 200-1000 as recurring deposits from the group members and investing the the collected amount in different sectors. and and giving the profits after the time completed or as of the investor need.
I am startup and i don't have any securities with me and how to move forward to start this type of company.
Thanks in Advance
Saikuwmar-Andhrapradesh
8125535255
Dr J C Vashista
(Expert) 12 November 2017
Consult a local company secretary and a chartered accountant since there are number of formalities involved in getting a new enterprise registered and made operational to buy and sell (trade) shares and stock after commencement of a Public Limited Company.
Advocate/CS Sanjeev Kataria
(Expert) 12 November 2017
Rightly advised by Vashistha sir, consult company secretary, i can give you the number of reputed practicing cs number for further guidance
Rajendra K Goyal
(Expert) 12 November 2017
Collecting from members and giving loan to members can be under credit and thrift society required to be registered under co-operative society act.
Collecting from members and public and loan to public / non members is Banking for which Banking license from RBI needed.
You can register a public limited company otherwise, have professional guidance from consultant.
krishna mohan
(Expert) 13 November 2017
Well advised by Dr.Vashistaji. I may add that starting a company requires critical analysis on viability, share holding pattern and registration with MoA and Byelaws. You may start in a small way before venturing into stock markets as the same requires a lot of expertise before investment.
