Incorporation of firm for trading in derivatives

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DIPENDU PRADHAN (Querist)
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21 September 2009 Is it possible to form a Partnership Firm to trade in derivatives in stocks, commodities & currencies and for dealing in other types of capital market instrument??

What are the legal & tax issues involved in this??

Guest

Guest (Expert)

21 September 2009 The partnership firm can trade into Derivatives & others.
There is no bar on that.

The legal issue: RBI Act, SEBI Act, SCRA Act, Depositories Act, etc. are to be covered.

The tax will be Service Tax.

DIPENDU PRADHAN

DIPENDU PRADHAN (Querist)
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03 October 2009 Thank you for your reply

can a partnership for trading in capital market instruments accept funds from private parties? What are the ways of accepting funds from private parties by partnership funds?

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