Incorporating a public company dealing in forex

Dear Shilpa,

First of all u ll have to decide the main object of the company whether dealing in forex or tour n travel. if the main object of the company is dealing in forex and expected profit is more than 50% from this business out of over all profit of the company, in that case you will have to form NBFC which requires RBI approval. otherwise you may incorporate a simple public company and run both the business.

As far as object of the company is concerned there s no difference between private and public company.

Regards