nithin
September 13, 2023, 3:28am
2
Have you checked this thread
Hmm… we have discussed earlier in the thread that if you setup a company only with the purpose of trading, you will end up needing to take an NBFC license.
A company or limited liability partnership (LLP) is created with those wanting their money to be managed being shareholders or partners. Their pooled funds are then used as trading capital. There are a couple of issues with this.
Firstly, an LLP with the objective of investing or trading is not allowed, so people use an alternate objecti…
Btw for the purpose you have stated, that is your own money; partnership should be okay. The objective for the partnerhsip, maybe speak to your CA about this.
No NBFC registration for partnerships.
Yep, this should be possible.
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