Legal Question in Business Law in India

We are a network.We have tie up with the insurance agent.We promote the insurance policy through customers by referral marketing . The insurance agent get the commission and share with our net work.Our network gives commission to the customers for his referring.

We do the business same like as TLC insurance india pvt ltd. But we did not charge any extra money for joining .We share the commission money directly to the customers for his referring .

I want know that this type of promoting is legal business or not.if it was illegal what is the procedures to be taken to work in legal way. i need proper explanation.


Asked on 8/20/09, 7:02 am

3 Answers from Attorneys
KAMAL GROVER

You can get register you firm as a broker then after paying applicable charges, your firm wil be legalize. Even now you are not illegal but depends upon the insurance company to whom you are promoting. They may object for the same at any time but after registration, you can get contract for promotion of various insurance companies without any fear.

Your further clarification is welcome at nominal fee at;

[email protected]

Advocate

M:09814110005

PB. & HRY. HIGH COURT CHANDIGARH (INDIA)

With Regards

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Answered on 8/20/09, 8:40 am
Pranav Desai PD Legal & Associates

Your structure doesnt appear to be illegal.

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Answered on 8/23/09, 2:54 am
Seshadri Srinivasan www.lawconcern.com

Your business appears to be not legal. Better you check your business process with lawyer and get a WRITTEN OPINION in your own interest.

regards

My email: [email protected]

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Answered on 11/02/09, 2:32 am


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