Hello legalfalcon,
I am trying to immigrate using the Express Entry Immigration program. I am claiming points for 3 years of work experience from work done in my father’s company. The period for which I am claiming experience is Financial Year 2013-14, 2014-15 and 2015-16. In India FY begins on the 1st of April and ends on 31st of March. My father’s stock broking activity shut in the FY 2012-13, but, the company was operating as an investment company i.e investing in shares of other listed companies. I was employed as an ‘Equity Dealer’ where I was managing the business activity as mentioned below in my job duties. I held 48% of the shares of the company that I was employed at (my father’s company) for these 3 years. There are more than 4 people who are not members of the family, but are shareholders of the company. I have the pay-slips and Income tax returns that prove that I have worked in the company as an employee.
My job duties involved the following:-
I copy pasted the below from esdc.gc.ca
- Develop long-term relationships with their clients by preparing investment strategies to help them achieve their financial goals, offering advice and information on various investments to guide them in managing their portfolios
- Review financial periodicals, stock and bond reports, business publications and other material, and develop a network within the financial industry to gather relevant information and identify potential investments for clients
- Carry out investment orders by buying and selling stocks, bonds, treasury bills, mutual funds and other securities for individual investors, pension fund managers or companies such as banks, trust companies and insurance firms
- Monitor clients' investment portfolios and ensure that investment transactions are carried out according to industry regulations.
My NOC code is 1113. I have performed the aforementioned job duties sincerely even though there were no clients but I have done everything else mentioned.
I want to know if I would be counted as a self-employed person managing my business (which I was not) or as an employee. Would the shutting down of the stock broking business activity be a problem? Please help me with this confusion. Thanks.