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So it's kind of an temporary account? It's would be good especially while organising events. I have heard many stories where Event Holder take money but don't Fully spend it

Yea its like an escrow account where the funds will be held until the final settlement. There are some complications based on the indian regulatory body but you need a legal team etc to handle the regulations and guide the team

Talk to lawyers for that. Check kaanoon.in its great for that. All the best :)

Well I’m not exactly looking out to build it myself. I just had an idea and threw it here, let’s see who develops it or I end up starting it myself.

Ooh ok. Even i often do that. Tho i would suggest, keep a 1-2 page idea report ready about it. It helps a lot