News & Media 18th Mar 2024

Government servants and their family members cannot buy or sell stocks ‘frequently’ without doing this

Authors

Yashojit Mitra Partner | Mumbai

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There are certain service-related rules and regulations that every central government servant must follow even when acting in a personal capacity otherwise it could result in strict action. Rule 16 of Central Civil Services (Conduct) Rules states, “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 authorised and licensed or who have obtained a certificate of registration under the relevant law.”

Neelanjit Das from The Economic Times writes on “Government servants and their family members cannot buy or sell stocks ‘frequently’ without doing this” with insights from our Partner Yashojit Mitra.

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