No employee shall, except with the previous sanction of the Corporation, receive any complimentary or valedictory address or accept any testimonial or attend any meeting or entertainment held in his honour, or in the honour of any other Corporation employee.
Provided that nothing in this regulation shall apply to – i) a farewell entertainment of a substantially private and informal character held in honour of an employee on the occasion of his retirement or transfer or any person who has recently quitted service of the Corporation ; or ii) the acceptance of simple and inexpensive entertainments arranged by public bodies or institutions.
12. Private trade or employment (1) No employee shall, except with the previous sanction of the Corporation, engage directly or indirectly in any trade or business or undertaken any employment :
Provided that an employee may without such sanction, undertaken honorary work of a social or charitable nature or occasional work of a literary, artistic or scientific character, subject to the condition that his official duties do not thereby suffer ; but he shall not undertake, or shall discontinue, such work if so directed by the Corporation.
Explanation – Canvassing by an employee in support of the business of insurance agency, commission agency and the like owned or managed by his wife or any other member of his family shall be deemed to be a breach of this regulation.
(2) No employee shall, except with the previous sanction of the Corporation, take part in the registration, promotion or management of any bank or other company registered under the Indian Companies Act, 1956 (1 of 1956), or any other law for the time being in force ;
Provided that an employee may take part in the registration, promotion or management of a co-operative society registered under the Co-operative Societies Act, 1912 (11 of 1912) or any other law for the time being in force or of a literary, scientific or charitable society registered under the Societies Registration Act, 1860 (XXI of 1860), or any corresponding law in force.