Is NBFC licence required?

Can Me and my wife open a private limited company and do equity trading with our own fund only and 100% income will be form investment only… NO public fund involved only own fund only

  1. is NBFC licence required?
  2. Can MOA be a consultant company?
    and how to explain the nature of business in compliances

Hello @Ankur_Tripathi,

If more than 50% of a company’s income is derived through investment, then getting an NBFC license is mandatory.

The nature of business code that can be used for investment activities is:
13010- Investment activities

Can you elaborate more about your second question?