Trading F&O via LLC or Pvt Ltd

[nithin]

@rohit93

Is it feasible/legal? Secondly if we get profits then should the LLP as a whole pay a tax or after dividing the profits among various partners do we need to self declare the tax.

Like I have said earlier, if this a way to manage other people’s money, this ain’t legal.

Trading as a business

The only approved ways of managing money are:  1. Get a PMS(portfolio management) license from SEBI. You need to have networth of 2crores, pay Rs 10lks registration, and an annual cost of Rs 5lks. Getting a license is not very easy, you need to have experience and qualification. You can't accept lesser than Rs 5lks from each client, and most importantly you can use F&O only for hedging. You can't naked trade F&O.Check this info from SEBI 2. Start a mutual fund, networth requirement of 50 crore…