Here is the Answer for your question: http://cis-india.org/internet-governance/bitcoin-legal-regulation-india

I have never solo mined with their pool.
But i own 2 Starter contracts with. (10 MH/s+ 10MHs)
 

So far no issues with their contracts. I am getting paid daily (4.5 euro/day).

The contract is for 90days and i have invested  200 euros into it.

90days  X  4.5 euros  =  405 euro

100% ROI.. 

I feel bad that you are having experience with their mining pool.

Also just letting you all know that the Paypal withdrawal limit change (10 euro to 50 euro) was announced in the news section of the cointellect Dashboard (Right side of the screen when we log into the account)

I heard it too today............

Awesome. Bitcoin is changing the future..

A revolution to currency's..


I registered with unocoins today. Their Fee is just 3% and we receive the money directly into our bank account in INR.

With other international Exchanges... We need to pay the 8-10% fees + 2-5% Currency exchanges fee making us to lose 10-15% of the money just in paying fees.


Good way to go.