Question ID :
44620
PROFESSIONAL ETHICS
Whether CA in Practice can do Intraday trading of equity shares for himself or if required to take permission from Institute.
Posted by
ASHISH SINGH
on
Mar 16, 2024
Filed Under
MISC.
Can do the same, no need of any permission
Posted by
SURAJ KUMAR CHOUDHARY on
Mar 17, 2024
Answer ID :
85354
No. Trading in equity shares comes under speculative transactions. can do options trading of shares, index for self. But intraday trading of equity shares not allowed.
Posted by
VINAY BHARGAV KUMAR G on
Mar 19, 2024
Answer ID :
85355
Yes. As per FAQ issued by ICAI, member can do intraday trading for himself. But only in future and options derivatives and not in commodity derivatives. Also, he cannot transact in the name of his proprietorship or partnership firm or not for his client or any other person.
Posted by
CA. chunauti dholakia on
Mar 19, 2024