SEBI's new move to cut retailers participation in F&O!
- Thread starter headstrong007
- Start date
I am preparing for the worst and if SEBI will implement his decision then i will start new business venture...
Tea stall and pakoda ka thela ( चाय की थड़ी और पकौड़े का ठेला ) in front of the SEBI office.........
Tea stall and pakoda ka thela ( चाय की थड़ी और पकौड़े का ठेला ) in front of the SEBI office.........
ST
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SEBI hasn't announced or done anything officially yet so we don't know how exactly this net worth thing is going to affect us. We just know that they're going to limit our participation in unprecedented ways which is the reason for all this turmoil. Once they spell out their "official stance" (emphasis on official stance) in clear & objective terms then we've got a case. Till then, we can only anticipate, prepare & connect the dots.
Earlier, I was looking to float a company for share trading. Company has its own advantages. But as per RBI you cannot float a Finance company as it would become an NBFC and for NBFC minimum share capital required is Rs. 2 crores. That is much beyond my budget. However, you can float a company with less capital if that company is regulated by other regulators such as SEBI. For example, you can float a company for Brokerage or Sub-Brokerage.
Then to further find out, I did more research.(More so because such research is close to my professional work).
Let me tell you the funny part. You can form LLP and then trade through them with less capital. That is because, LLP is like a partnership firm and RBI does not regulate them.
Now let us check all the options to continue our trading in the new emerging scenario. Maybe we could find some solutions. Like trying to Trade on SGX in Indian Futures etc. If SEBI is going to close doors in this country, then God Bless SGX.
I do not mind travelling to the USA and floating a company there to trade international markets. I do know that for day trading, you need a minimum of USD 25K in your account. But everything else is hassle free.
But trading abroad is not always a solution. We need to find ways.
I intend to religiously increase my balance in my trading account.
I guess brokers are happy with this. Since our account balances with them increase.
Then to further find out, I did more research.(More so because such research is close to my professional work).
Let me tell you the funny part. You can form LLP and then trade through them with less capital. That is because, LLP is like a partnership firm and RBI does not regulate them.
Now let us check all the options to continue our trading in the new emerging scenario. Maybe we could find some solutions. Like trying to Trade on SGX in Indian Futures etc. If SEBI is going to close doors in this country, then God Bless SGX.
I do not mind travelling to the USA and floating a company there to trade international markets. I do know that for day trading, you need a minimum of USD 25K in your account. But everything else is hassle free.
But trading abroad is not always a solution. We need to find ways.
I intend to religiously increase my balance in my trading account.
I guess brokers are happy with this. Since our account balances with them increase.
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Earlier, I was looking to float a company for share trading. Company has its own advantages. But as per RBI you cannot float a Finance company as it would become an NBFC and for NBFC minimum share capital required is Rs. 2 crores. That is much beyond my budget. However, you can float a company with less capital if that company is regulated by other regulators such as SEBI. For example, you can float a company for Brokerage or Sub-Brokerage.
Then to further find out, I did more research.(More so because such research is close to my professional work).
Let me tell you the funny part. You can form LLP and then trade through them with less capital. That is because, LLP is like a partnership firm and RBI does not regulate them.
Now let us check all the options to continue our trading in the new emerging scenario. Maybe we could find some solutions. Like trying to Trade on SGX in Indian Futures etc. If SEBI is going to close doors in this country, then God Bless SGX.
I do not mind travelling to the USA and floating a company there to trade international markets. I do know that for day trading, you need a minimum of USD 25K in your account. But everything else is hassle free.
But trading abroad is not always a solution. We need to find ways.
I intend to religiously increase my balance in my trading account.
I guess brokers are happy with this. Since our account balances with them increase.
Then to further find out, I did more research.(More so because such research is close to my professional work).
Let me tell you the funny part. You can form LLP and then trade through them with less capital. That is because, LLP is like a partnership firm and RBI does not regulate them.
Now let us check all the options to continue our trading in the new emerging scenario. Maybe we could find some solutions. Like trying to Trade on SGX in Indian Futures etc. If SEBI is going to close doors in this country, then God Bless SGX.
I do not mind travelling to the USA and floating a company there to trade international markets. I do know that for day trading, you need a minimum of USD 25K in your account. But everything else is hassle free.
But trading abroad is not always a solution. We need to find ways.
I intend to religiously increase my balance in my trading account.
I guess brokers are happy with this. Since our account balances with them increase.
2 CR limit is for all NBFCs
Check it here:
https://www.rbi.org.in/Scripts/FAQView.aspx?Id=92
Precisely, look at the reply to Q No.4 on that page.
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