A quick update regarding investing vehicle
I have consulted CAs and there are several options available. I want to obviously avoid SEBI’s Portfolio Management Services as it involves 11 Lacs initial fee and 5 lacs every couple of years. These models are suitable for those fund managers who want to reach 100s of people, and minimum investment required by each portfolio client is 5 Lacs plus as per SEBI regulation.
I have also explored the option of registering as an FII, that also involves several thousand dollars fee every few years.
I have been advised by my CAs that the best vehicle would be a Private Limited entity, although there is more legal work, annual expenses relative to a Partnership Firm but it offers most flexibility. No matter what the legal or corporate identity, I’d run it as partnership.
If anyone of you would like to speak with me, have any queries, I am will to hear from one and all via a feedback from. I would be glad to make partner with anyone as long as our expectations match so I can aim to meet them.