Gods can't trade in shares: Court
A Mumbai court has ruled that deities cannot deal in stocks and shares, reports said today, after an application for trading accounts to be set up in their names.business Updated: Jul 17, 2010 12:43 IST
A court has ruled that Gods cannot deal in stocks and shares, reports said on Saturday, after an application for trading accounts to be set up in their names.
Two judges at the Bombay High Court on Friday rejected a petition from a private religious trust to open accounts in the names of five deities, including the revered elephant-headed god, Ganesha.
"Trading in shares on the stock market requires certain skills and expertise and to expect this from deities would not be proper," judges P B Majumdar and Rajendra Sawant said, according to newspapers.
The trust, owned by the former royal family of Sangli, in Maharashtra, of which Mumbai is the capital, brought the case after successfully securing income tax cards and savings accounts for the deities.
But National Securities Depository Limited (NDSL) rejected the trust's application for permission to open trading accounts, arguing that it would be difficult to take action against the gods in the event of irregularities.
"Gods and goddesses are meant to be worshipped in temples, not dragged into commercial activities like share trading," the judges said.
Ganesha, also known as Lord Ganpati, is worshipped widely in Mumbai and Maharashtra.