Is public solicitation for start-up company legal in India?
Is public solicitation for a start-up company legal in India?
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To oversimplify, Currently you can't raise funds in exchange for equity if you're a pvt company by offering equity to the general public. Nor by way of loans from individuals who are not your shareholders. But wait for a little while,SEBI's crowdfunding regulations are in the pipeline and those might help people in situations similar to yours.
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Tags: Fund Raising