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Can Government employees trade in stock markets | Can State Govt employees trade in share markets? - YouTube
Channel: Mukul Agrawal
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Hello everyone
how are you all?
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Back to back questions
Those who do government job
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Can they do trading?
Do investment?
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Today you will get all your answers
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Talking about the question
I have the list of your questions
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Can they do intraday trading?
Can do Investment?
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Can trade in relative's account?
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Can they authorise relative to
trade-in your account?
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Was it correct or not
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These are the four questions
If any question is left comment below
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So we can answer it in the comment box
Aur will make another video
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The end of the video was a good news for the Government employees that the
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government has provided by changing the rules.
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Will know everything
in detail
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I Mukul Agrawal Welcome you to
your own YouTube channel
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New viewers do subscribe the channel, press the bell icon,
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INTRO MUSIC!!
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So what's the rule
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Central civil service conduct rule, 1964
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It says that
Government servant
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Meaning
Central Government employee
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State Government employee
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Government employee union territory
that comes under the central government
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There's employee too
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Any employee
The rule applies on all
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There is no difference
That Central employee are different
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State employees are different
Rules are different for someone
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Nothing such
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Rules are same for all
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As per rule
any government employee
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Cannot participate in speculation
Cannot speculate
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Stocks share investment
In anything
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Now here
Main point is
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what is speculation?
Trading is termed as speculation
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Speculation means we are planning for
high risk high reward
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We are seeking search opportunity
This is termed as trading
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A speculation enters a work is left behind
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So
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Trading is considered a part of speculation
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where Currency trading, commodity trading, F&O, option trading, equity stock trading
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None can be done
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Meaning
Intraday no
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absolutely no
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Now something has to be noted
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There is a small twist
Occasional investing
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Meaning investment
Like sip in Mutual fund
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or in any stock some small amount taking as investment
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for next 5 years 10 years through your broker
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For example, you like HDFC Bank
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When you doing those things
so These are long term
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so this is allowed
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Now assume you authorised someone On your behalf, your brother Your any relative
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can keep doing investment
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remember, but no trading
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no trading
only occasional investment
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Meaning, in short
You cannot do trading
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Nor can authorise someone
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Now Regularly
Buying and selling
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People assume
Let's play short term today
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Today we take it
Recieve in our account
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Delivery will come within 2 days
We will sell after 2 days
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Is it investment?
no
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That's also speculation
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Because it's in your mind that today I will
buy for 2-3 days meaning short term trading
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But again it's trading
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Meaning you frequently trying to buy and sell something
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And there's nothing as frequently
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Is not allowed!
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Meaning
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When you are buying
it's 100% as per rule
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Purchase today
and sell it after month that will work
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But speculation will not work
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you purchased it, allowed in your Demat account
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Sold next day
All these are short term trading
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Because if you stuck
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It can cause you issue
Because
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What's the main motive
Your main motive was to receive on Demat then selling
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Meaning
Your motive was not investment It was trading
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And Trading meaning speculation
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Its that thing
That you should understand crisp and clear
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Now next point is
Should I give my family member my account
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Can this be done
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Know one thing here too
Government is one step ahead of you
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Whenever a rule is made It includes a lot of clause
It has a clause that
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"No government servant shall make a permit any member of his family or any person on his
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behalf to make any investment which is likely to embrace or influence him in discharge office official duties"
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What does this mean
Assume you are on duty
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Submitted POA on behalf of any family member
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And have told them to do trading and investment on my behalf
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It's not allowed
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Because those who do trading and investment
Are related to you
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Because it involves your money
You are being influenced
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In case of any loss
You will suffer the consequences
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Meaning
You are not directly
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But indirect is involved in trading
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And that will influence your duty
Will impact your mental psychology
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And that's why it's not allowed
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Now you may be thinking can you can trade through your mother's and father's account
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So understand
If your brother or parents Or wife
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Doesn't have their own income source
Then you will be stuck again
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Assume that
My father is a government servant
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He traded on my name
but I don't have any income source
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At The time of investigation
and i Don't have any source
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Then from where will the money come?
Are they stupid?
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Can they see we put the money in my child's account?
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How will you answer?
How will you show the income source
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And will stuck there
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So these things are not allowed
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Because the government has understood and made each and every clause
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And if you are caught
your problems will begin their
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Now here, its an era of technology
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So anything can happen
Ip can also be yours
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Are you getting it
So these things are tracked in many ways
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Many do it hiding
And if you are a government employee
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wants to live peacefully
please avoid all this
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Now what's next
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Any government employee
Weather IPO or FPO
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meaning
follow of a public offering
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Is involved in its pricing
Those can also not apply
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Neither from family member account
If anyone is involved cannot do this
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So clearly understand all these things
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Simply understand that it's not allowed
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Whether you are a Central Government employee or a State Government, employee
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No means no
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Now here's a good news
What's the good news
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This a good news for government officials
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They can now invest more in mutual fund schemes and stocks
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The government has changed the 27-year-old rule for this
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Under the 1992 rule group a and b officers were required to fill up a form and inform the government is the total transaction
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in shares, mutual funds and debentures exceeded 50000 rupees in a financial year
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means, increased that
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Now the government has increased this limit to 6 times
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6 times
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so it is good news
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the government has taken this is decision keeping in mind the salary structure of the government officers
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for group c and d officers this limit was 25000
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so there is also an increment of 6 times of older
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so your investment limit has increased
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so you need to remember all these things too
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I hope all your queries have been answered
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If any query is left, comment below
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I will try to answer it in the comment box
or make a small video of it
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keep loving
Share the video
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Maximum people should know about it
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That is what's right and what's wrong
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Thank you so much
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