Investing in shares being a State Govt. Enterprise Company employee
My company's Employee Service Rule states,
Speculation:
No employee of the Company shall speculate either himself or through any benamdar, nor shall he permit his spouse to do so. In case an employee invests in shares, securities and debentures or mutual funds scheme etc., he shall submit by 30th April of each year, a complete return of the investments to the Director (HR) of the Company as they stood on the 1st January preceding (apart from his declaration of assets) in following cases:
a) ClassI and ClassII employees If the total transactions in shares, debentures, securities or mutual funds scheme etc. exceeds Rs.1,00,000/- during the calendar year.
b) Class III and Class IV employees If the total transactions in shares, securities, debentures or mutual funds scheme etc. exceeds Rs.50,000/during the calendar year.
Explanation: The following shall be treated as speculation: 1. Habitual purchase and sale of stock or securities of notoriously fluctuating value ;
2. Speculative dealings with the Stock Exchange ;
3. Regular participation in any kind of gambling including horse racing."
Does this mean I can invest (buy or sell) in shares in "Delivery" position but can not trade in "intra day" ?
Kindly explain the matter .