Table of Contents
Can LLP do money lending business?
1. Even LLP cannot lend money to individuals. 2. If you are intending to do money lending business then you have to get license for that Without which it will be termed as illegal.
Can LLP make investments?
2 Answers. LLP not allowed to do investment activity. Even RBI Act and LLP Act both doesn’t allow LLP to do investment activities.
Can I lend without NBFC license?
Yes you heard it right you don’t need to own a NBFC license to start lending business if you opt NBFC collaboration model. NBFC Collaboration is a term under which NBFC License holders collaborate with Fintech companies in order to get leads and funding.
Can partnership firm do investment business?
So the main answer is yes partnership firm can invest in shares market but cannot hold shares in partnership firm’s name. You can make a partnership firm by deed of partnership and then open Demat on name of firm and then indulge in trading.
Can LLP be registered as NBFC?
As per the above provision, it is concluded that the RBI approves non-banking financial institutional activities to the companies which are registered under the company act, after fulfilment of certain conditions. Hence an LLP cannot register itself as an NBFC for investment or financing activities as per RBI rule.
Can NBFC invest in LLP?
002/2012-13 dated June 11, 2013, it is clarified that NBFCs not to Partner in Limited Liability Partnership(LLP). NBFCs were advised vide CC No. 214/03.02. Further, the aforesaid prohibition will also be applicable with respect to Association of persons; these being similar in nature to partnership firms.
Can LLP do NBFC business?
The main question is can an LLP do a financial activity like banking or NBFC? The answer is an LLP cannot operate a banking business during its whole tenure because to run a banking company there must be a company registered under the companies act.
Can LLP accept deposits from public?
In case of Public Limited Company , loan form relative is treated as deposit under companies act, 2013. If it exceeds the limit specified above, has to pass special resolution under the Companies Act, 2013. LLP can take from any other LLP or Company ,subject to terms & conditions mentioned in the LLP Agreement if any.
Yes, a private limited company can open TRADING and DEMAT account with any stock broker and do trading.
Can LLP invest in Indian stock market?
For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.) MUMBAI: Market regulator Sebi allowed Limited Liability Partnerships (LLPs), a hybrid between a partnership firm and company, to get membership of stock exchanges in the country.