Incorporation
priyank shrivastava (Student) (92 Points)
21 May 2015priyank shrivastava (Student) (92 Points)
21 May 2015
CA CMA CS Ram Pavan Kumar Melam
(CA)
(6980 Points)
Replied 05 June 2015
As per the terms of employment whether Govt. or private an employee normally cannot take up any business activity in any status such as proprietor, partner, director, etc.
1) Group of employees can form a welfare society / trust etc. for welfare employees and their families etc.; and
2) They cannot form a business entity.
Abhishek Singh
(Chartered Accountant)
(155 Points)
Replied 06 June 2015
Instead they can start the business in name of any of their family members name...
CA CMA CS Ram Pavan Kumar Melam
(CA)
(6980 Points)
Replied 06 June 2015
Better not to encourage Benami transactions