Hello experts,
I would like to know if it is legal to run a business (which might be consulting or a shop) while we are employed in a private sector. If not, can this still be run under the name of any other relatives?
From India, Chennai
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I would like to know if it is legal to run a business (which might be consulting or a shop) while we are employed in a private sector. If not, can this still be run under the name of any other relatives?
From India, Chennai
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No issues in running own business side by side as far as you are in private sector.
From India, Pune
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3180From India, Pune
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You can do so provided not violating the terms of employment. It is rather good to start with someother name than of you to avoid further complication.
From India, Mumbai
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From India, Mumbai
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Dear Venkatanathan,
I slightly differ with seniors here and advise you to avoid doing such business, as it would be taking up a profession for personal gain at the expense of the terms of the employment contract. It is never acceptable as per protocols, whether in a factory, office, or firm. The primary reason is the inability to focus on job activities.
From India, Hyderabad
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I slightly differ with seniors here and advise you to avoid doing such business, as it would be taking up a profession for personal gain at the expense of the terms of the employment contract. It is never acceptable as per protocols, whether in a factory, office, or firm. The primary reason is the inability to focus on job activities.
From India, Hyderabad
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Riding two boats can be very dangerous, particularly if there are applicable rules in this regard. There are cases in which extreme penalties, such as termination of service, are imposed when misconduct involving engaging in business, trade, or a profession is committed. This is because engaging in such activities reduces commitment and involvement, and influences actions in official matters. Therefore, it is better to discourage such fissiparous tendencies.
From India, Mumbai
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From India, Mumbai
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Many families run businesses, and their children may join companies for work. It is not necessary to close down your private business just because you are employed. Of course, the highest ethics are necessary - no poaching, no misuse of employer's time, etc. Also, it would be good to avoid doing similar business as the company. Otherwise, for a private sector employee, having a separate business on the side is not wrong or legally prohibited.
From India, Pune
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From India, Pune
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