LLP Firm for Investment in Shared

Discussion in 'LLP' started by mandira, Feb 19, 2014.

  1. mandira

    mandira Member

    I am interested in forming a LLP along with my partners with the object of investing in the share market. However I have been told that the Registrar of LLP is currently registering LLP with rider that they can carry on the business of investment only with the approval of Reserve Bank of India. My question is whether anyone is aware about this rule and is it necessary to take RBI approval cause there are innumerable companies which invest in the share market today and do not take any kind of approval from RBI for the same. Your help is deeply appreciated.

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