Object of Trading of Shares and Securities
This query is : Resolved
13 May 2020
Can normal Pvt ltd be formed for trading of shares & securities, F&O, MCX, Currency,etc as a main business object ?
Also Both Directors & Shareholders are POI but Foreign Resident staying in Singapore.
Please guide what permission must be obtained to incorporate the Pvt Ltd in india at Indian address ?
Also Both Directors & Shareholders are POI but Foreign Resident staying in Singapore.
Please guide what permission must be obtained to incorporate the Pvt Ltd in india at Indian address ?
13 May 2020
Permission and registration with RBI is required as NBFC.
Take one resident as additional director.
Take one resident as additional director.
14 May 2020
the main object of this private company is covered under the meaning of "intermediary" u/s 12 of SEBI act, 1992. the operation of the company is like of depository participant under Depository Act, 1996 so i think its not allowable.
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