i have enrolled as an advocate this year.can i engage in share trading business as a part time job????will it be a violation of advocates act?????

If you sell and buy only, there is no problem but, to be registered as broker is violative.

CHANGE YOUR PROFILE FROM -> STUDENT TO -> ADVOCATE PLEASE. 

YOU CAN TRADE IN SHARES FOR YOUR OWN INVESTMENT, 

CANNOT ACT AS BROKER. 

thnx to alll for the valuable reply

Part time share business will bring you no problem. It is not violatve of any section of the Advocates Act. Go ahead and prosper.

sir, as per advocate act 1961, rules of bar council of india, clause 47, a advocate who is on the rolls of a bar

Section VII – Section on other Employments

47. An advocate shall not personally engage in any business; but he may be a sleeping

partner in a firm doing business provided that, in the opinion of the appropriate State Bar

Council, the nature of the business is not inconsistent with the dignity of the profession

hence if the advocate engaged in part time share trading (intra day buy and sell -or future trading) not in violation of above mentioned clause of BCI. i am a new member here and out of academic interest , wishes to know more about this topic.. seniors may enlighten and help

sir, till no reply from seniors, as on today