Creation of Company
This query is : Resolved
Ravi Kumar Rajgaria
(Querist)
19 May 2008
Can we create a company consisting main object for trading and investment in Shares/Mutual Funds?
CA. Yayati Tyagi
(Expert)
19 May 2008
i don't see a problem.
S.Srinivasaraghavan
(Expert)
20 May 2008
Why this doubt?
Ravi Kumar Rajgaria
(Querist)
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?
S.Srinivasaraghavan
(Expert)
20 May 2008
If the main object of the company is tading in investments and mutual funds it will be a NBFC.
CA. Yayati Tyagi
(Expert)
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.
CA. Vineet Grover
(Expert)
20 May 2008
Mr. Tyagi has correctly said.
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