One sub-broker of equities/commodities running his present business on individual's name. Now he want to form the new company with object of take over of the existing proprietory business and admit new directors/shareholders in the new company. \
I have the following queries :
1. Can SEBI will allow to change the name of existing sub-brokership from individual to company.
2. Can the name of sub-broker will change with effect from the incorporation of company.
3. If SEBI now allow to change the name and asks to apply freshly for sub-brokership. Then can the new company run the existing business with some MoU / agreements
CAclubindia
