Hi,
Can someone please comment if a NBFC license is required if the sole purpose of forming a company is to use it for trading F&O segment ? This will be investing/trading only money received from the directors.
Pls clarify if a NBFC license is required to open a trading account in the name of the company and would there be any issues if the company has no other operations except to trade derivatives in the market to generate non-speculative business income
CAclubindia
