Prop trading as financial services
4 years ago
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
Rameshwar Dadhe
Responded 4 years ago
A.Approach to the any charted accounts for better understanding please
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A.Dear Sir,
Please consult a chartered accountant.
Please consult a chartered accountant.
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