Draft Rules For Online Gaming In Harris

State:
Multi-State
County:
Harris
Control #:
US-00444
Format:
Word; 
Rich Text
Instant download

Description

The document outlines the By-Laws of a corporation, focusing on the governance structures and procedural rules that dictate corporate operations. It details the name and location of the corporation, the roles of shareholders, the Board of Directors, and corporate officers. Key features include guidelines for annual and special meetings, quorum requirements, and voting procedures. The By-Laws specify the process for officer elections, removal, and responsibilities of each role, as well as the protocol for contracts, loans, and financial deposits. This document serves as a vital legal framework for maintaining corporate order, ensuring compliance with both internal policies and state laws. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to understand corporate governance. They can utilize it to advise clients on compliance, manage shareholder relations, and facilitate corporate decision-making processes.
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FAQ

Currently, two self-regulating bodies, the All India Gaming Federation 'AIGF' and the Federation of Indian Fantasy Sports 'FIFS', have issued charters to regulate online gaming for their respective members.

Self-regulatory bodies will be registered with the Ministry and may register online games of such online gaming intermediaries who are its members and which meet certain criteria. Such bodies will also resolve complaints through a grievance redressal mechanism.

Obtaining a License for Online Gaming in India Application fees: INR 50,000/- One time fees. Annual license fees: INR 1,000,000/- p.a. for first 3 years per game and INR 2,000,000/- p.a. for next 2 years. Royalty: 0.5% of the gross revenue (less service tax) generated by the business which has obtained the license.

Ideally, you should use the digital tools of platforms such as RUSH.GG or Battlefy. On such platforms, you can manage gaming IDs, enter the game formats and game modes and create tournament trees or rankings. The distribution of winnings can also be managed via digital tools.

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Draft Rules For Online Gaming In Harris