Thanks for the information !
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(132475 Points)
Replied 27 November 2022
1. No for gambling. objective.
2. Yes, it can be incorporated for shares trading & investment. But if income exceeds 50% from the financial asets, registration with RBI as NFBC mandatory.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(132475 Points)
Replied 27 November 2022
When a company is incorporated with the main objective of trading, it comes under the purview of RBI since the company would be deriving more than 50% revenue from its financial assets, hence such company would have to take an NBFC license.
Della Addilynn
(Della Addilynn)
(24 Points)
Replied 01 December 2022
Sure, I do. I typically spend my money on wants rather than needs. Geometry Dash
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