Section 64 in Securities and Exchange Board of India (Employees' Service) Regulations, 2001
64. Restrictions on investments.
- No employee shall make any direct or indirect investment in 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.
