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Provision related pooling of funds for investing and trading
09-Jul-2023 (In Banking / Finance Law)
Hey I want to open a partnership firm ( not llp ) having unlimited liability of partners in which partners funds are pooled for investing and trading. Is it allowed by RBI or there are any regulations regarding it ?
Partnership act, 1932 regulates Partnership firm registration wheras LLP Run under LLP Rules .
Always fund are to be allowed to invest or trade through NBFC, Nidhi company or Section 8 company.
There is no other method where by you will be allowed to open a company where RBI permit.
RBI permission is compulsory.
Always fund are to be allowed to invest or trade through NBFC, Nidhi company or Section 8 company.
There is no other method where by you will be allowed to open a company where RBI permit.
RBI permission is compulsory.
Helpful?
Adv. Rajat Goel
Delhi | 25+ Answers
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