Can a Government Servant do Index Future, Option Buy /Sell trading?
Can Govt servant do option buying selling and futures trading
ninadra (Others) (91 Points)
07 September 2021
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(194815 Points)
Replied 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.
Recent Topics
- Sustainable Luxury with Timeless Beauty – Ex
- Rebate u/s 87A on short term capital gains
- Unclaimed TDS of Previous Year
- FCNR DEPOSIT INTEREST EARNED REPORTING IN ITR
- Available for rent
- Refund of Excess TDD
- Business code under section ADA -WHERE TO FILL
- CPS contribution by TN govt
- GST Refund under Inverted Duty Structure without E
- Expense consideration
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
