@nithin @TAXIQ.IN 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 license?
Secondly, If NBFC license is must for Equity investment under any company types then can I buy Stocks (Equity) in Partner’s personal DMAT Account to avoid NBFC license requirement and Partnership firm utilize only for F&O (Index, Stock, Currency, Commodity) trading?
Additionally, can borrowed funds from relatives/banks be utilized solely for trading within the Partnership firm across these segments?
Does Zerodha permit the opening of a trading account in the name of a partnership firm without requiring an NBFC license?
Thank you in advance for your time.
50% of the income has to come from non-financial assets. If it doesn’t, you are required to apply for an NBFC license.
Yep
@nithin Thank you for your response; much appreciated.
Considering your influential position, may we seek your support in advocating for an exemption from NBFC licensing for companies solely utilizing personal capital, particularly those engaged in share market investment and trading, without involvement in external borrowing or lending?
That would be amazing.
seems like a 2 minute job, haha. I wish