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?????
Arvind Singh Chauhan (advocate) 05 March 2012
If you sell and buy only, there is no problem but, to be registered as broker is violative.
V R SHROFF (Sr. ADVOCATE Bombay High Court Mob: 9892432152) 05 March 2012
CHANGE YOUR PROFILE FROM -> STUDENT TO -> ADVOCATE PLEASE.
YOU CAN TRADE IN SHARES FOR YOUR OWN INVESTMENT,
CANNOT ACT AS BROKER.
james bhatti (Advocate) 05 March 2012
Part time share business will bring you no problem. It is not violatve of any section of the Advocates Act. Go ahead and prosper.
vijaya (na) 29 November 2012
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