Dear ashish, the law profession is closely related to the people and the society in the larger extent and it is a noble profession. also self profession. therefore the advocates act restict a registered advocate from practising active other business or commercial establihsments.
but we can be a silent partner without taking part of day-to-day affairs of the business in any other concern with intimation to concerned bar councils. i.e. you can be silent part of a partnership firm, be a part-time director of a pvt ltd company but cannt be a MD, be a one of the trustee in aTrust without holding the daily affairs, any member of forums, like wise but the same should be informed to the respective bar councils.