If Oacai card holder can't start One person company then can he start sole proprietorship in financial services (shares trading, PMS, Selling loan products)? Any permission needed from RBI
Neel (V) (21 Points)
24 September 2021If Oacai card holder can't start One person company then can he start sole proprietorship in financial services (shares trading, PMS, Selling loan products)? Any permission needed from RBI
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(175669 Points)
Replied 25 September 2021
Yes. for Financial services business, now-a days RBI is reluctunt to give permission for NFBS to OPC or LLP..
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India