Registering a Business

Hi, Am a working professional in a pvt ltd company. My query is while working in the company can i register a business in my name. Is there any act/law which prohibits.

Thanks for your time and patience in answering this. more  

It depends on policy of your Company / Employer. Generally, most companies do not like that its employee does a private business while on role. So, check up with your Company / Employer. more  
Both legally and technically, starting business, formation of Company, ownership by working professional not advisable. Irrespective of product that the new business ventures, no employer would permit his employees to have business whole service. In the event a employed professional would like to have an registered establishment, all it's right I.e. name of the owner, registration with all government agencies, signing power etc. should remain with wife,mother, father etc. However, over a period of time, siblings, if any, can claim right, in the event ownership in favour of parents. more  
There should be no conflict of interest between your proposed business and your employer's business. But in all fairness you should inform your employer of your intention to start a business and how it will not affect your performance on the job. Another alternative is to start a new business in the name of your wife if you are married and she has no objection. more  
So long as your service conditions of employment do not prohibit, you can. more  
Business opted not to cover items or components of the Products that are manufactured/ traded by the Company You are serving in. It means Your Business shall not be a sister concern or an ancillary. more  
Post a Comment

Related Posts

    • CITY Governance Charges (CGC) on Carpet Area Basis?

      In a mega township project where one of the reputed builder charging CITY Governance Charges (CGC) based on per sq ft basis. It's nothing to do with building common area maintenance charges which i...

      By Mahesh Bhutkar
      /
    • H'ble SC asked GOI;- Is Govt willing to Ban Convicted Netas life long to Contest Elections

      A CJI Teared His Eyes. A CJI suggested Joint Meets of Judiciary and Executive. Another CJI deeply regretted and Seriously commented on Convicts Heading a Political Party and Share the Rule. T...

      By Csn Sarma
      /
    • Harazent by neighbor and society community

      What should we do to when a neighbor keeps harassing to us and our tenants who stay in our house which is in ozone villa society pune. When I was staying in 2014 with my six months baby and trying ...

      By Anjana P K Jain
      /
    • LEGAL AGREEMENTS

      Legal Agreements are a part of our every day life. We get into formal Agreements at various stages of our life. Parents sign on Agreements for their wards at school since minors cannot get into con...

      By VIJAYKUMAR N
      /
    • RWA Maintenance

      Hi, Would like to know is there are any court order or Law which gives flexibility for Owner/Tenant to pay the maintenance amount as per his/her convenience. Initially the m...

      By Anonymous Circle member
      /
    • Legal Position - Responsibilty of the Builder to hand over the common Assets

      We have come across a situation where our builder of a group housing of Villas and flats numbering 411 has put a condition thru some of his supporters In the RWA that he will transfer the common as...

      By LOGANATHAN KOTHANDARAMAN
      /
    • Disconnection of EB connection - to those Tenets whose license is cancelled by local body an

      Is there any judgement regarding disconnection of EB connection of a tenent whose license is cancelled by local body or panchayat and in a building which is colloapsed. Misuse of eb connection a co...

      By Ramachandran Sridhar Alias Krishnan
      /
    • THE DAUGHTER IN LAW MENACE

      The Government through the legal system has empowered women backed by commissions and other SPVs specifically created for the purpose.However law alone can not empower women and empowered women mus...

      By Prasanta Misra
      /
    • Genuine Lawyers and fake

      An Advocate ( I dont want to name) has sent me a notice submitting some false information regarding the ownership of the property from his client and threatening that he will take legal action aga...

      By Ramachandran Sridharakrishnan
      /
    • Transfer of property by gift deed

      Can a mother, having five children, gift deed her property to a particular child without informing to the other children or getting consent of the other children?

      By Amitava Dutta
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)