This discussion explores the objective of a private company aiming to raise funds from shareholders for stock market investments. It confirms that establishing the company as an investment entity is permissible under the Companies Act 2013. However, it highlights the necessity of obtaining SEBI approval for such operations.
31 August 2021
I'm going to start one private company with stock market expert and he is also a proposed director of my company and my objective is collecting funds from my company shareholders and invest money in stock market,is it applicable in companies act 2013