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I am a Govt. But today while searching in internet I got an information from some forum that a Govt. With a view to enable the administrative authorities to keep a watch over such transactions for investing in shares, securities and debentures etc.
Since after office hour I can manage to invest in commodity and here the transaction crosses manifold and like stocks you can not invest for long time. So in this case will I be able to continue to do so? I got nobody around to take some advice in this regard.
Let me bounce this off a few lawyer friends of mine. Sir…can you please post a link to source of this information? Also, is there any distinction in rules between central and state Govt? You can check this link, http: Provided that nothing in this sub-rule shall apply to occasional investments made through stock brokers or other persons duly authorised and licensed or who have obtained a certificate of registration under the relevant law.
Explanation - Frequent purchase answers about option trading in india tamilnadu sale or both, of shares, securities or other investments shall be deemed to be speculation within the meaning of this sub-rule.
Is commodity trading within a day or one to day after comes under this since commodity derivative transactions are answers about option trading in india tamilnadu longer to be treated as speculative transactions as per one of the amendments carried out by the budget was the introduction of commodities turnover tax CTTeffective 1 July, Source: It has been answers about option trading in india tamilnadu to the notice of the Government that a number of employees are investing in shares, securities and debentures etc.
With a view to enable the administrative authorities to keep a watch over such transactionS, it has been decided that an intimation may be sent in the enclosed proforma to the prescribed authority in the following cases: SO does it mean if I just I inform my authority regarding my opening of trading account and II as per the amendment intimate the transaction amount if the particular transaction exceeds my two months basic pay, then it will work!
Please suggest me and let me know if you found any better clarification for me. Sir Kya bataya lawyers ne? Actually I m also in search of right answer for this question.
It is complete grey area. Are family members also banned. Family members are banned if they are trading on behalf of u, uless its okay. Help regarding Government Employee Trading General. But best to find out from your govt organization that you are working for. What to do when spouse and siblings are also govt employee. I have also same issue, please conclude this issue anybody….