Llp co can operate in stock market
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 April 2014
Is it allowed to a LLP firm to accept funds from their partners and invest in stock market.
27 April 2014
there is no restriction on accepting funds from partners to invest in markets. However, it should not happen that you end up running a collective investment scheme which requires registration with SEBI.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
27 April 2014
Thanks a lot. What precaution has to be taken that it should not be treated as collective investment scheme?
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