This type of scheme is always have risk associated
Wt I feel is some registed association and government body should give approval to run this type of bisness.
Collecting money from the public-need some governing body like AMFI /SEBI/RBI., Etc
And need some rating agent like CRILS ., Etc
Scheme should be approved by some finical governing body and rating should be given by them.
Guide lines about the risk involved should be said Cleary to the public putting there cash.
In any event if company files bankruptcy /merging and accusation need to be framed by those governing body.
Company debit equity ration and performance should be given to public attest once in 4 months.
Expense for running our scheme(separately for each scheme including commission and advisements expense and ratio of the expenses should be provided by the company)
Capital provide by the company vs capital given by the people(public) should be stated by the company.-this should not cross 60(company):40(public)-max or ask expert –governing body to fix it-(RBI-for bank and fincal instion., citi bank or axisisbank or any bank loan aprvl system plp can say more abt howmuch captal can be fixed-so governing body should include those people).
Without this we cant manage risk
This is Purely risk management area .people need to rise voice regarding this.
Please crying from heart let all this schem need to run there show under GUIEDLINES OF GOVERNING BODY –APROVED BY MINSTRY OF FINANCE).
Plp don’t put money or donot encourage this type of schemes until and unless aproved by governing body’s.
Simply ask atlest any leading finical newspapers and magazines.(Collecting money from the public and doing bisness always need to be governed any autonomies dynamic finical expert team you name it SEBI or RBI OR ANY BODY FROMED BY- MINSTRY OF FINANCE).
Regards
Venkat