With the SENSEX Touching New High Every Day, Many Indians are dreaming of Setting up investment Companies. They are in quest to find out if Rakesh Jhunjhunwala promoted RaRe Enterprises is a Private Limited Company or a LLP so that they can setup a similar entity and begin trading.
Well, RaRe Enterprises is a Partnership Firm with Rakesh Jhunjhunwala & Rekha Jhunjhunwala as Partners according to some trust worthy documents. In those documents we also found out that the PAN Number of this entity as AAEFR8176J.
Now Decoding this PAN Number the 4th Place "F" stands for Firm and the 5th Place "R" stands for the name of the firm.
Partnership Firm for Investments & Trading in Indian Stocks
You hold all your Trading - Future & Options Positions in the name of the Firm, becomes easy for Book Keeping, Taxation as Well. No Regulatory (SEBI, RBI, MCA etc) Compliance headache which will come into picture if you form a Pvt Ltd or LLP etc
Investments to be held in your own name.
