Incorporation of firm for trading in derivatives
This query is : Resolved
DIPENDU PRADHAN
(Querist)
21 September 2009
Is it possible to form a Partnership Firm to trade in derivatives in stocks, commodities & currencies and for dealing in other types of capital market instrument??
What are the legal & tax issues involved in this??
What are the legal & tax issues involved in this??
Guest
Guest
(Expert)
21 September 2009
The partnership firm can trade into Derivatives & others.
There is no bar on that.
The legal issue: RBI Act, SEBI Act, SCRA Act, Depositories Act, etc. are to be covered.
The tax will be Service Tax.
There is no bar on that.
The legal issue: RBI Act, SEBI Act, SCRA Act, Depositories Act, etc. are to be covered.
The tax will be Service Tax.
DIPENDU PRADHAN
(Querist)
03 October 2009
Thank you for your reply
can a partnership for trading in capital market instruments accept funds from private parties? What are the ways of accepting funds from private parties by partnership funds?
can a partnership for trading in capital market instruments accept funds from private parties? What are the ways of accepting funds from private parties by partnership funds?
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