09 March 2023
Dear Friends, 1. Can a LLP firm with the activity of online commodity trading, pay fixed returns ranging from 8% to 12%, in advance for a period of 1,2 or 5 years, as per choice of their Limited Silent Partners, who are the investing partners of the firm, and will be silent partners in profit only, with no liability for losses if any & no role in the management of the LLP? 2. We see ads on TV by SEBI that it is illegal to promise fixed returns on investments, why is this so and does it apply to partners of an LLP, if formed with this written condition? My doubt/query is that, if an LLP is formed with the above mentioned earlier condition written in the agreement deed, depending upon the limited silent partner's choice, will it violate the above SEBI's law or any other law of India? Requesting answers to the above, as I'm a senior commodity trader with over 13 years of experience in the markets and want to start an LLP firm for this, with interested individuals, with minimum investments of Rs 1 lakh and above. May also respond personally, if required: bsboffice24attherategmaildotcom. Thanks & Regards to all. B Singh
CAclubindia
