Trading in Equity or F&O comes under financial activity as we understood from our conversation one-to-one with RBI on some matters where eventually we have to close the activity or wind up the company. IF your income from Financial activity and assets are more than 50% of financial activity we need to go NBFC License from RBI. This is our first-hand experience. This is very important for people who are in multiple businesses and apply for RBI for some or other registrations. The deep verification by RBI will compel the companies/group companies if they are involved to close the activity or face action. RBI DO gives a chance for compliance.