Trading in stock market by a ca articled assistant
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 October 2014
Sir,
I am doing my CA article ship training 2nd year. I want to open a DEMAT a/c and start trading in stock market. But some of my friends told me that CA articleship students are not allowed to do stock trading, as it will leads to cancelation of articleship period completed till now. I don't know whether it is right or not. I am totally confused. Please somebody let me know the right thing.
I am doing my CA article ship training 2nd year. I want to open a DEMAT a/c and start trading in stock market. But some of my friends told me that CA articleship students are not allowed to do stock trading, as it will leads to cancelation of articleship period completed till now. I don't know whether it is right or not. I am totally confused. Please somebody let me know the right thing.
Amol S Joglekar
(Expert)
18 November 2014
TRADING is definitely NOT envisaged in the articleship. But investment you can very well do. There is a LINE, however thin it might be, between investment and trading.
18 November 2014
u need to fistr take icai's permission in form 112 as it tantamounts to business if u want to trade i.e buy and sell stocks and shares in ur name via demat account.
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