Collective investment schemes or money pooling got bad reputation because of frauds and cheating by promotors and investing from plantations to scrupulus businesses. SEBI came down heavily on such schemes.
What if I with my 6-10 other friends form an LLP, pool money together(upto 1 crore) and do stocks, options and futures trading under name of LLP.
I as active trader can take 10% of profits(not assets) made, other partners can share remaining profits. This is known as 'hedge funds' in western world.
What is best way to get this started as investment club? LLP? Do I need any special registration? There is very little info about this particular route on SEBI site.
Thanks
What if I with my 6-10 other friends form an LLP, pool money together(upto 1 crore) and do stocks, options and futures trading under name of LLP.
I as active trader can take 10% of profits(not assets) made, other partners can share remaining profits. This is known as 'hedge funds' in western world.
What is best way to get this started as investment club? LLP? Do I need any special registration? There is very little info about this particular route on SEBI site.
Thanks