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Middle Class Media   22 June 2024

Huf for central govt employee

Dear sir,  

   I am working in Indian railways as a technician, If I am creative HUF account for invested in stocks. Is it any problem to my services in coming day? 


 3 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     22 June 2024

You may obtain permission from your employer to invest in stock or any other thing.

T. Kalaiselvan, Advocate (Advocate)     23 June 2024

The HUF is common property to all the coparceners of your HUF, hence there may not be any necessity for you to obtain permission to invest in stocks on behalf of HUF.

P. Venu (Advocate)     28 June 2024

It is not a violation of the Conduct Rules to be a member of the HUF. However, seeking permission etc. will only open up a Pandora's Box.

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