Can IFS officer buy stocks?
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.
Can IFS officers trade?
The members of the IFS represent the country in the international territory. The IFS is unlike other civil services as it deals with the country’s external affairs like diplomacy, trade and cultural relations.
Can SEBI officer invest in mutual funds?
The Securities and Exchange Board of India (Sebi) has imposed curbs on trading by employees, trustees and board members of mutual funds, in a circular released on Thursday.
Can PSU employees do option trading?
There are no restrictions on PSU or Govt employees to trade and invest in the stock market including intra day trade.
Are IFS officers powerful?
IFS officers are powerful in their own right, though they do not have the broad administrative powers that an IAS or IPS officer would have inside the country. Notwithstanding this, they shape India’s foreign policy and can wield a lot of influence on other departments related to their work.
Can Pvt Ltd company invest in mutual funds?
A private limited company can effectively manage its working capital requirements by investing in liquid and short-term income funds of mutual funds. Investments can also be made in balanced or equity funds to realise long-term growth objectives of the company.
Can Section 8 invest in mutual funds?
There is no specific restriction under Companies Act, 2013 (“CA13”) that prohibits a Section 8 company to invest in shares of ‘for profit’ companies, however, Section 8 of CA13 does emphasis that this company should have the intent to apply its profits or other income in promoting its objects towards art, commerce.