How one can setup a Proprietary Trading Firm, any registration needed with SEBI, other formalities, etc?

[Prakhar_Agrawal]

@Prakhar_Agrawal

LLP can’t be incorporated for investment/trading purposes.
I think being a sub broker could also work around but I think sebi has merged it with APs.
Another way might be to take membership of say calcutta stock exchange (charges are less) and then company can open accounts with as many brokers as it wants without attracting the deemed nbfc provision of RBI. @nithin I am not 100% sure though, can you clarify.

@nithin can you please clarify …