Regulation 56 - Employment of family members with an intermediary registered with the Board - Securities And Exchange Board Of India (Employees' Service) Regulations, 2001

Employment of family members with an intermediary registered with the Board 56. (1) No employee shall use his position or influence directly or indirectly to secure employment in any intermediary registered with the Board, of any person related, whether by blood or marriage to the employee or to the employee s wife or husband, whether such a person is dependent on the employee or not. (2) Every employee shall report to the competent authority in case his son/daughter or any other member of his family accepts employment in any intermediary registered with the Board with which he has official dealings or in any undertaking having official dealings with the Board.