Can Company have Gambling Income?

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.

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.

Sure, I do. I typically spend my money on wants rather than needs. Geometry Dash