My mom and dad are govt employee and I am studying and no income source. So according to code of conduct I am only eligible to trade if I do not have income source.
If friend give me money for trading with income proof can I legally eligible to trade.
Rule 16 of the CCS (Conduct) Rules states that “No Government servant shall make, or permit any member of his family or any person acting on his behalf to make, any investment which is likely to embarrass or influence him in the discharge of his official duties.” The key point to note here is “on his behalf.” Therefore, if you are trading from an account in your own name, opened with your own PAN, there should be no problem.
Disclaimer: This is not legal advice.
Thankyou sir for this enlightenment. I will do farther research on same idea.