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Paper trading portal is legal in india


13-Feb-2023 (In Startup Law)
I want to create Paper trading platform for banknifty and other indexes. nn1. Product is legal in india?n2. it required any approval for NSE or police
Answers (1)

Answer #1
540 votes
Paper Trading is legal there are various such providers already, I guess the oldest being ICICI virtual stocks. Moreover, in my opinion there is no actual investment of money from the public and therefore the same does not fall under SEBI regulations. Hence, no permission or approval will be required from them in my opinion. However, permission to conduct Business and local authorities will be required based on the state laws. Open to further queries. Regards.
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