Regulation 64 - Restrictions on investments - Securities And Exchange Board Of India (Employees' Service) Regulations, 2001

Restrictions on investments 64. No employee shall make any direct or indirect investment in 1 [ commodity derivatives, ] equity and equity related instruments including convertible debentures and warrants except units of Mutual Funds, non convertible bonds and non-convertible debentures, and in rights issues in respect of the shares already held by them. These restrictions would apply to: (i) Investments of the employees ; (ii) Investments of dependent children or other wards managed by the employee as a guardian (iii) Investment made by spouse, dependent children, dependent parents and dependent parents-in-laws of the employee out of the moneys received from the employee. ************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2022/111 dated 30-12-2022