Creation of Company
This query is : Resolved
19 May 2008
Can we create a company consisting main object for trading and investment in Shares/Mutual Funds?
19 May 2008
i don't see a problem.
20 May 2008
Why this doubt?
20 May 2008
I have a doubt because of I heared that Only NBFC can do it or it is better to do these transactions from NBFC.Am I right?
20 May 2008
If the main object of the company is tading in investments and mutual funds it will be a NBFC.
20 May 2008
i think if a company invests its own funds in capital market, it will not necessarily be called a NBFC.
NBFC is a company, which have its main objective to accept deposits from public and distribute loans. then it need to apply for license with RBI.
so, i believe if you want to invest ur own funds in stocks/mutual funds, u need not to be a NBFC. but if u wish to collect money from public and then invest that money in stocks, u will have to get a license of NBFC.
NBFC is a company, which have its main objective to accept deposits from public and distribute loans. then it need to apply for license with RBI.
so, i believe if you want to invest ur own funds in stocks/mutual funds, u need not to be a NBFC. but if u wish to collect money from public and then invest that money in stocks, u will have to get a license of NBFC.
20 May 2008
Mr. Tyagi has correctly said.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Nomination of Bank for refund in itr 2
- TDS Challan Code
- Relief u/s Section 89
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Entries in AIS regarding sale of units and shares
- Lease agreement and tax on sale
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
