Corporate Account Account Opening

[vemulapalli1991]

Hi, I am doing trading in F&O from 4 years and earn good amount of profit. I want to do it through a corporate account. I have contacted the CA to register a company. My firm main objective will be trading, I do not do any other activities through that. CA is saying I need SEBI permission to register a company to do trading. If I am allowed to do trading as a primary business through a firm, which NIC code do I need to be used at the time of incorporation? I tried to contact Zerodha to get some support but they are not giving any information. If anyone doing trading through corporate account, please support me in this.

Thank you.

[Jason_Castelino]

@vemulapalli1991

want to do it through a corporate account. I have contacted the CA to register a company. My firm main objective will be trading, I do not do any other activities through that. CA is saying I need SEBI permission to register a company to do trading.

He is right. You need NBFC license. Otherwise your application will get rejected at name reservation stage.

[HSL]

@Jason_Castelino

NBFC license

what is the cost fees charges to get the nbfc license ?

[tallerballer]

Very high. Compliance is a headache. Not a 1 man job.

2 crore paid up capital I think (Not sure)