Is Profit Based Crowdfunding Legal In India. Can You Share Some Legal Advice | Vkeel - Free Legal Advice

Jhon

Singapur

Is profit-based crowdfunding legal in India. Are there any SEBI regulations in this. Currently reward-based platforms are there, no one is providing monetary benefits

Expert's Answers(3)

H K Chaturvedi, Advocate Supreme Court.
Noida, Uttar Pradesh

12 Client Ratings

If you are aggrieved by such illegal activities of illegal crowdfunding, immediately approach police and you may also file lawsuits.

May 13, 2020
Advocate G Santhosh
Coimbatore, Tamil Nadu

2 Client Ratings

crowdfund is illegal in india

April 11, 2020
xxxxx cxxxxx
Bengaluru, Karnataka

184 Client Ratings

According to the rules in India, equity-based crowdfunding is illegal. While the Donor-based and Reward-based are totally legal. If there is any lapse you can approach police or file private complaint or recovery of money suit. Please give me Rank 5 and Review my Resume and Follow Me.

April 11, 2020