Vibhav Sarin (92 Points)
21 November 2011Hi to all
Me along with my some of the frineds wants to pool some money on regular basis and the same got invested to earn the return and in the event of need to any of the member the same can be released to help him (just like some insurance policy).
Please advice whether i will have to form the Trust or anything else.
Archana Das
(CA Final student)
(622 Points)
Replied 23 November 2011
it depends on the amount of money involved
Ravindra Srinivasa
(TAX CONSULTANT AND IPCC STUDENT)
(466 Points)
Replied 23 November 2011
You and your friends may start up an invesement company of your own where in you pool your money and investment in share / debentures/ similar thing and or venture capitalist and then you can share profits / loss and withdrawn money as and when needed by any investor
CAclubindia
