05-05-2013, 11:08 AM
Hi all ,
Well I am too an investor . Would like to share some of my views .
I knew that when a company is actually taking money from us and getting their work done ,there would be some kind of a hidden intention . But I was ready to take risk and I continued on complete risk .
But now there can be certain areas where the CID is investing on ,like
Why do they have to get deposits from customers to get their projects done . There is many other data entry companies working without taking any deposits and as per my knowledge it is illegal in UAE for any companies to take money from the customers / say freelancers and to give them work .
So what I am thinking is whether sunfeast would have a valid explanation to say to the CID's and even if they say ok I will pay off the fine of 1 million or abve ,will the CID's again allow to continue this kind of taking deposits and giving work and money process?..
The other issues like the labour card or visa's can be solved ,not a big issue .
But what I think is getting the permission or liscence to do such a kind of DIFFERENT outsourcing process is really hard for sunfeast to convince the CID's.
And also they should have some kind of documents showing transactions that this is the source of money from where they get to pay the customers.
So once if they get all these issues solved completely and they come out only I think they can continue the same way or else I guess they will have to just give back all the deposits of the customers and without the deposits they will have to agree to work by just giving projects without any deposits and since I mentioned they have some hidden intention they would'nt decide to continue so without taking deposits.
Anyways lets hope they clear out all these issues which offcourse the CID's would raise . Since if all these issues are solved and they get the complete liscence ,the labour cards for employees ,then they can come back more strongly .
Well I am too an investor . Would like to share some of my views .
I knew that when a company is actually taking money from us and getting their work done ,there would be some kind of a hidden intention . But I was ready to take risk and I continued on complete risk .
But now there can be certain areas where the CID is investing on ,like
Why do they have to get deposits from customers to get their projects done . There is many other data entry companies working without taking any deposits and as per my knowledge it is illegal in UAE for any companies to take money from the customers / say freelancers and to give them work .
So what I am thinking is whether sunfeast would have a valid explanation to say to the CID's and even if they say ok I will pay off the fine of 1 million or abve ,will the CID's again allow to continue this kind of taking deposits and giving work and money process?..
The other issues like the labour card or visa's can be solved ,not a big issue .
But what I think is getting the permission or liscence to do such a kind of DIFFERENT outsourcing process is really hard for sunfeast to convince the CID's.
And also they should have some kind of documents showing transactions that this is the source of money from where they get to pay the customers.
So once if they get all these issues solved completely and they come out only I think they can continue the same way or else I guess they will have to just give back all the deposits of the customers and without the deposits they will have to agree to work by just giving projects without any deposits and since I mentioned they have some hidden intention they would'nt decide to continue so without taking deposits.
Anyways lets hope they clear out all these issues which offcourse the CID's would raise . Since if all these issues are solved and they get the complete liscence ,the labour cards for employees ,then they can come back more strongly .