Can an IAS officer do his own business?

Are IAS Officers Allowed to do Business? IAS officers are strictly prohibited under governmental regulations from directly partaking in business for personal interest while serving as a bureaucrat. However, retired IAS officers are allowed to run their own businesses.

Can an IAS officer become CEO of a company?

When a 24-year-old IAS officer walks into an office as sub-divisional magistrate, he is no less than a chief executive (CEO) of a company. From day one, he has 200 people working under him. But money is not the only reason why many IAS officers are shifting to the private sector.

Can an IAS be an entrepreneur?

The post of an IAS Officer is highly-coveted and becoming an IAS officer is a dream for many. However, there are some IAS officers who have quit the service to do something different and become entrepreneurs and start their own businesses. Here are 5 IAS officers turned entrepreneurs.

Can an IAS officer be the owner of his own company?

An IAS officer can open a company in any of his /her family member’s name and look after it , taking due care that their name does not surface in documents . Originally Answered: can IAS be the owner of his own company while doing his service? What does Google know about me?

How many IAS officers left their jobs to start their own ventures?

7 IAS Officers who left their bureaucratic career and privileges to start their own ventures. Let’s have a look at their inspiring stories. IAS is considered as one of the most prestigious professions in India. While many youngsters aspire to join the services, there are a few officers who quit their job to pursue another career.

Can a government official own a private company?

Government officials are not permitted to have ownership of any private company, firms, trusts in private capacity, as it might create “conflict of interest” at any time. However loopholes always exist.

Can an IAS officer be a member of an NGO?

An IAS officer can not own a NGO. No one owns a NGO. Such an orientation is contrary to the very purpose of setting up a NGO. An individual may become a Promoter, Settler, Officer Bearer or a Member of a NGO.