Q. Private limited company incorporation with share trading business on its own funds

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Question added Mar 23 Corporate Matters/LLP By Kuldeep Kodan, CA, New Delhi, India
Dear Sir,

My query is that one of my clients wants to incorporate private limited company for share trading business on its own account out of its own funds. Is it possible to do same activities without SEBI or any other authority approval. There are lot of confusion in this regard, Kindly provide needful opinion as soon as possible.

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answered Mar 24 By CA PRAMOD JAIN, CA, CS, CMA, LL.B, Delhi
Either the approval is required from RBI for NBFC activities or take a brokership or  sub-broker ship from SEBI.

Concept by CA Pramod Jain

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