Comment on Account Opening Process - Corporate,Partnership Firm, & HUF

Achuth Raj commented on 11 Apr 2016, 12:58 PM

Hi
My friend and I are planning to start a partnership firm only to trade in equity and equity options with zerodha. For the funds, we were planning to collect funds from few friends and relatives and use that for trading in the stock market and return at the end of 6 months close to 50-100% as return + their investment back to the people who gave us money. Profits more than 100% we keep in the firm and continue trading till we make a sizeable fortune. Are there any legal complications with respect to sebi which we need to keep in mind? Is there anything illegal in what we are planning to do? Any tax complications which we need to keep in mind?

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