Is it necessary to register as an NBFC when forming a company to trade in the markets?


I am a full-time day trader and am planning to form a company. But When I tried to register the company the consultant said that if the company’s objective is to deal with financial assets then it should be formed as an NBFC company.

I do not wish to deal with public money. I intend to trade intraday in Futures, Options and commodities. Can someone please clarify if this is the case.

LLP firm registration for equity investment and trading is rejected. Any guidance?

Check this thread


I also have a similar query. If an individual wish to become a broker with NSE, only for EQ and MIS. What are the requirement and procedure.

From a look at NSE website, it seems the total deposit be 75L, and 10000/- yearly + taxes ? It also talks about 2 yrs of experience as an assistant /clerk… But how about those managing own portfolio through existing brokers…


NSE has something called alpha membership for people who don’t intend to run a brokerage business. I have explained here