Dear reader, are you looking to know about can Government employee open Demat Account? Then you came to right place. This information is written after referring Central Civil Services (Conduct) Rules 1964 and more than 7 articles related to this topic.
Yes, Government employee can open Demat Account. But they having certain limitations on frequent purchase and sale of shares.
According to section 35 (1) No Government employee shall speculate in any shares, stocks or any other kind of investments: provided that nothing in this sub rule will apply to occasional investment made through Zerodha/Upstock kind stock brokers.
As per above section 35 (1), frequent purchasing of purchase and sale of shares, securities or other investments shall be deemed to be speculation within the meaning of this sub-rule.
CONCLUSION:
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