Can LLP trade in stock market?

This query is : Resolved

NITIN SHRIPAD JOSHI (Querist)
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23 August 2021 Can LLP trade in the stock market? and if yes, is that activity should be mentioned in the objectives of the company?

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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22 September 2021 LLP cannot be registered as NBFC for purpose of carrying investment activities as per RBI.
If investment activity is one of the non banking financial activities, hence in principal approval from RBI is required.