Derivative and forex trade
Can I incorporate LLP (Limited Liability Partnership) for carrying Forex and Derivative trading as it is like a limited company and have separate legal entity from its partners.
Asked 4 years ago in Business Law from Mumbai, Maharashtra
it may be like corporation but LLP is not a limited company . as per RBI guidelines only corporation can carry on forex trade
No you can not incorporate LLP (Limited Liability Partnership) for carrying Forex and Derivative trading
Advocate, New Delhi
Under no circumstances you can incorporate LLP for carrying on forex trade as it is not a corporation.