Thank you everyone for providing such comprehensive information. It has saved me significant time and effort that would have otherwise been spent researching online for satisfactory feedback.
Based on the thread, it appears that trading Equity & F&O through LLP/PVT LTD without an NBFC license from RBI is not permitted. However, is it permissible to engage in Equity, Currency, Commodity, and F&O trading through a Partnership firm using partners’ funds w/o NBFC? Additionally, can borrowed funds from relatives/banks be utilized solely for trading within the Partnership firm across these segments?
Thank you in advance for your time.