Section 63 in Securities and Exchange Board of India (Employees' Service) Regulations, 2001
63. Private trading.
- No employee shall engage in any commercial business or pursue it either on his own account or as agent for others, nor act as an agent for an insurance company nor shall he be connected with the formation or management of a joint stock company.Explanation. - Canvassing by an employee in support of the business of insurance agency or commission agency carried on or managed by a member of his family shall be deemed to be a breach of this Regulation.
