• 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 3 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
Ajay Sethi
Advocate, Mumbai
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No you can not incorporate LLP (Limited Liability Partnership) for carrying Forex and Derivative trading
Rajeev Bari
Advocate, New Delhi
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Under no circumstances you can incorporate LLP for carrying on forex trade as it is not a corporation.
Ashish Davessar
Advocate, Jaipur
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