I’m enthusiastic to starting a proprietary trading firm in India (its my goal). Here are some questions I have to ensure I’m following the proper legal guidelines:
Legality: Is there any legal barrier to opening a prop trading firm in India?
Business Structure: When it comes to choosing a business structure, what are the pros and cons of a One Person Company (OPC), a Limited Liability Partnership (LLP), and a Private Limited Company (PLC) for a prop trading firm? Are there tax
implications to consider when choosing a structure?
NBFC License: Is it mandatory to obtain an NBFC (Non-Banking Financial Company) license for a prop trading firm? If not, are there any benefits to having one, such as access to additional financial products or services?
Regulatory Approval: I’ve heard conflicting information about whether registrars approve LLPs and OPCs solely engaged in F&O (Futures & Options) trading and speculation. Can you clarify the regulatory stance on this specific activity?
Any SEBI approval?
I think you guys got my vision : in short I want to start company like Jane Street, Tower reserach Captial, Graviton capital
I know its don’t realistic goal but Big dream, even if it’s tough. Giving it my all to make it real.
@nithin
Plz answer me