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Can Govt servant do option buying selling and futures trading

Tax queries 306 views 1 replies
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91 Points Posted on 07 September 2021

Can a Government Servant do Index Future, Option Buy /Sell trading? 

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On 07 September 2021 at 08:33 Report
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SEO Sai Gr. Hosp.
211569 Points Posted on 07 September 2021

NO.  as per the Central Civil Services (Conduct) Rules, 1964. 

35(1) No Government servant shall speculate in any stock, share or other investment: Provided that nothing in this sub-rule shall apply to occasional investments made through stockbrokers or other persons duly authorized and licensed or who have obtained a certificate of registration under the relevant law.
 
Explanation - Frequent purchase or sale or both, of shares, securities or other investments shall be deemed to be speculation within the meaning of this sub-rule.
 
They can do shares investment or even Mutual Funds investment; but no trading.
581 Reply
On 07 September 2021 at 10:10


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