Section 9: Prohibition against private trading by brokers
consolidated text (as at 2005). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
9. Prohibition against private trading by brokers
(1) No broker shall, on his own account, carry on any trade in goods or
merchandise.
(2) No broker shall lend his name to any person not appointed a broker
for purposes of a business transaction.
(3) Any broker contravening this section shall commit an offence and
shall, on conviction, be liable to a fine not exceeding 500 rupees and to the
forfeiture of his commission of appointment.