CCI mulls curbs on investments by staff

The Competition Commission of India (CCI) has issued draft guidelines to streamline the conduct of its employees. The draft guidelines, titled Draft Competition Commission of India (CCI) Conduct Rules, 2025, put a slew of restrictions on employees, including restricting badla trading or speculating in stock, shares, securities or commodities of any description.

“No employee shall make any direct or indirect investment in commodity derivatives, equity and equity related instruments including convertible debentures and warrants except units of mutual funds, non-convertible bonds and non- convertible debentures, initial public offerings and in rights issues in respect of the shares already held by them,” the draft guidelines say.

As per the norms, the proposed rules will apply on investments of employees, dependent children/ other wards managed by the employee as a guardian and investment made by spouse, dependent parents and dependent parents-in-law of the employee out of the moneys received from the employee.

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The norms mandate every employee to submit a return of their assets and liabilities at the time of first appointment, including the immovable property inherited, owned or acquired by them or held by them on lease or mortgage, either in own name or any family member’s.

Further, the rules restrict staff from acquiring by purchase, mortgage, lease, gift or otherwise, either in their own name or in the name of any family member any immovable property outside India.

The draft rules also prohibit retired employees to accept commercial employment within one year of ceasing to be in the service. 

“No employee shall undertake part-time work for a private or public body or a private person, or accept any fee therefor, without the sanction of the commission, which shall grant the sanction only in exceptional cases when it is satisfied that the work can be undertaken without detriment to his official duties and responsibilities,” it said.

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