Limit for intimation in respect of transactions in sale and purchase of share, securities, debentures: DoP&T Order dated 20.03.2023 with proforma for intimation.
F.No 11017/01/2016-AIS-II
Governments of India
Ministry of Personal Public Grievances & Pensions
Department of personnel & Training
New Delhi dated the 20th March, 2023
To
The Chief Secretaries of all the States/UTs
Subject- Limit for intimation in respect of transactions in sale and purchase of-share, securities, debentures etc.-reg.
Sir/Madam,
I am directed to refer to Rule 14(1) of AIS (Conduct) Rules, 1968 which provides as under –
14(1) No member of the Service shall speculate in any stock, share or other investments but this provision will not apply to occasional investment made through Stock-brokers or other persons duly authorised on license under the relevant law.
Explanation.-Frequent Purchase or sale or both of shares, securities or other investments shall be deemed to be speculation within the meaning of this sub-rule.
2. In the light of Rule 14(1) of AIS (Conduct) Rules, 1968, with a view to enable the administrative authorities to keep a watch over the transactions in any stock, share or other investments etc. in respect of members of All India Services (AIS), it has been decided that an intimation may be sent in the enclosed Proforma to the prescribed authority every year, if the total transactions in stock, share or other investments etc. exceed six months’ basic pay of Government servant during a calendar year (to be submitted by 31st January of subsequent year).
3. It is also clarified that since share, securities, debentures, etc are treated as moveable property as per explanation-] under rule 16 of AIS (Conduct) Rules, 1968, if an individual transaction exceeds two months’ basic pay of the member of service as prescribed in Rule 16(4) of ibid rules, intimation to the prescribed authority would still be necessary. The intimation as envisaged in para 2 above will be in addition to the said intimation under Rules 16(4) of AlS(Conduct) Rules, 1968.
4. Accordingly, in exercise of the power conferred under Rules 16(5) of AIS (Conduct) Rules, 1968, aforesaid instructions are issued herewith with the approval of competent authority.
5. These instructions-may, please be brought to the notice of all the members of All India servises
Yours faithfully,
Sd/-
(Ram Lakhan)
Secretary to the Government of India
Tele: 011-23093479
Proforma for intimation of total transactions in any stock, share or other investments etc. under Rules 16(5) of AIS (Conduct) Rules, 1968.
1. Name of the officer: … … … … …. …. … … … … …. …. … … … … …. ….
a. Designation: … … … … …. ….
b. Service to which belongs and Cadre: … … … … …. ….
c. Employee ID /Code No: … … … … …. ….
2.Scale of pay and present Pay: … … … … …. ….
3. Details of each transaction made in share, securities, debentures, or other investments etc. during the calendar year (Attach separate sheet, if required) … … … … …. …. … … … … …. …. … … … … …. …. … … … … …. …. … … … … …. …. … … … … …. …. … … … … …. …. … … … … …. ….
4. Particular of the party/firm with whom transaction(s) is made:-
(a) is party related to the applicant? … … … … …. …. … … … … …. ….
(b) Did the applicant have any dealings with the party in his/her official capacity at any time or is the applicant likely to have any dealings with him in the near future … … … … …. …. … … … … …. …. … … … … …. …. … … … … …. ….
5. Source(s) from which financed:-
(a) If personal savings, details thereof … … … … …. …. … … … … …. ….
(b) If other source, details thereof … … … … …. …. … … … … …. …. … …
6. Any other relevant fact which applicant may like to mention.
Declaration
I hereby declare that the particulars given above are true.
Place:
Date:
Signature
Designation
COMMENTS