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Q. Prop trading as financial services

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karthik kaushal

posted 3 months ago

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).
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Rameshwar Dadhe

Experience: 2 Year(s)

Responded 3 months ago

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A. ) Approach to the any charted accounts for better understanding please

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Kishan Dutt Kalaskar Retired Judge

Experience: 33 Year(s)

Responded 3 months ago

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A. ) Dear Sir,
Please consult a chartered accountant.

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