hello experts!
one of my clients is involved in share trading short and long term gains, future and options and also having significant gambling income, he wants to incorporate a company with all these objectives Can the company be involved in gambling or winning like online poker etc? can company's core objectives be share trading and derivatives??
1. No for gambling. objective.
2. Yes, it can be incorporated for shares trading & investment. But if income exceeds 50% from the financial asets, registration with RBI as NFBC mandatory.
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