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Q.Prop trading as financial services
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Q. Prop trading as financial services

As mentioned in the FAQs regarding the overseas direct investment in RBI's official website stating that for an Indian entity investing in a WOS in a foreign country operating in financial services sector it has to have net profit in the preceding 3 years, I wanted to clarify whether proprietary investing(investing activities carried out with the company's own capital) falls under the financial services sector as we see that there is no service offered to the clients( or there is non existent of clients for the business activity carried out).
Awaiting for your reply
Thank you
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A. Approach to the any charted accounts for better understanding please

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Rameshwar Dadhe

Experience: 2 Year(s)

Responded 1 month ago

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A. Dear Sir,
Please consult a chartered accountant.

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Categories
Administrative Law (483)
Admiralty and Mariti... (2)
Adoption (140)
Advertising (59)
Animal Laws (42)
Arbitration and Medi... (52)
Aviation (16)
Banking (632)
Bankruptcy and Debt (209)
Cheque Bounce (440)
Child Custody (174)
Civil (2244)
Commercial (96)
Consumer Protection (598)
Contracts and Agreem... (509)
Corporate and Incorp... (124)
Criminal (1761)
Customs, Excise (47)
Cyber, Internet, Inf... (363)
Debt and Lending Agr... (82)
Debt Collection (182)
Divorce (751)
Divorce and Separati... (1602)
Documentation (326)
Domestic Violence (683)
Election Campaign an... (23)
Employment and Labou... (1249)
Environment and Natu... (32)
Equipment Finance an... (3)
Family (2122)
Financial Markets an... (101)
Government Contracts (57)
Human Rights (289)
Immigration (56)
Industrial Laws (68)
Insurance (84)
Intellectual Propert... (118)
International Laws (14)
IT Contracts (54)
Juvenile (23)
Landlord and Tenant (669)
Licensing (21)
Mail Fraud (21)
Maternity (63)
Media, Communication... (18)
Mergers and Acquisit... (23)
Military Laws (18)
Motor Accident (148)
Muslim Laws (73)
Outsourcing Agreemen... (5)
Partnership (64)
Police Laws (64)
Power of Attorney (75)
Privacy (97)
Property (3156)
Real Estate (460)
Registration (151)
RTI (112)
Sale (62)
Sale of Goods (20)
Sex Crime (161)
Sexual Harassment (6)
Sexual Harassment at... (75)
Software License (4)
Tax (22)
Tax-GST (14)
Tax-Income Tax (30)
Tax-Property Tax (36)
Telecommunication (13)
Torts (22)
Transportation (67)
Trust and Society (N... (89)
Will (144)
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