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| Discuss Sebi permission to net site at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi friends , My cousin is good in T.A. and professional trader . He is ... |
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#1
28th July 2006, 07:46 PM
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Sebi permission to net site
Hi friends ,
My cousin is good in T.A. and professional trader . He is going to start soon his commercial website for trading tips . Does he require permission of SEBI ? If yes , then what are formalities ? Please guide . Thanks in advance . 
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#2
29th July 2006, 10:46 AM
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Re: Sebi permission to net site
As long as he gives free advice (If by commercial website you mean Ad based), I dont think any permission is required.But if he intends to charge the users of the website then I think he would be required to register with Service tax authorities.I dont Know about SEBI regulations though.
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#3
29th July 2006, 09:15 PM
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Re: Sebi permission to net site
Quote:
He intends to charge users for his recommendations . Please guide .
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#4
29th July 2006, 09:20 PM
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Re: Sebi permission to net site
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#5
30th July 2006, 11:55 AM
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Re: Sebi permission to net site
Permission with SEBI is not required. SEBI is not a licencing authority but a watchdog to ensure fair trading practices. However, various other permissions and licences will be required as is normal with any business venture in India.
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#6
30th July 2006, 07:53 PM
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Re: Sebi permission to net site
Thanxs my dear friend ,
I am confused with answer . Mr. Kuldeep , thanx for guidance. May I know various other permissions and licences will be required as is normal with any business venture in India. Should I launch web or not ? Yogesh
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#7
30th July 2006, 10:21 PM
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Re: Sebi permission to net site
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Yogesh, Depending of the structure of the business, there are various permissions and licences required. Service tax and corporate income tax registrations (PAN, TIN, and TDS numbers) are the main ones depending on what is the product/service being offered. As yours will not be a manufacturing unit, you don't need an excise licence or sales tax registration. If you open a bricks & mortar office, you will need a 'Shops & Establishments' licence. If you have more than 5 (or 8?) employees, you need to register for ESIC & PF. These are just a few of the imporatant ones. Other than that it really depends on the business. Since you will have only a web presence, these may be sufficient. However, you must consult a good CA and get the right advice. Cheers Kuldeep 
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#8
31st July 2006, 11:36 PM
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Re: Sebi permission to net site
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