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Can LLP be set for trading purpose without approval of RBI
09-Jan-2023 (In Corporate Law)
Can an LLP be setup in India solely for the purpose of investing /trading in the Indian stock market? Without the approval of RBI / SEBI ie not as an NBFC. Also is there any restrictions on NRI's & foreigners investing in it? Or any restrictions on foreign investment being invested in the Indian market (FDI)
This would depend on whether you would be accepting deposits from investors and then reinvesting these funds. You can set up a firm or an LLP to invest in the stock market through a broker however you would require RBI clearance to accept deposits. Foreign residents are allowed to invest through the Government Route in this sector subject to caps on investments and other conditions imposed in the FDI Policy. Precise details of the business model would be required for more comprehensive information. Feel free to get in touch if we could be of any further assistance to you.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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