(1) No employee shall speculate in any investment.
(2) No employee shall make, or permit his wife or any member of his family to make, any investment likely to embarrass or influence him in the discharge of his official duties.
Explanation – The habitual purchase or sale of securities of a notoriously fluctuating value shall be deemed to be speculation in investments within the meaning of this clause.
(3) If any question arises whether a security or investment is of the nature referred to in clause (1) or clause (2), the decision of the Corporation thereon shall be final.
(4) No employee shall, except with the previous sanction of the Corporation, lend money at interest to any person.
(5) No employee shall, save in the ordinary course of business with a bank or a firm of standing, borrow money from or otherwise place himself under pecuniary obligation to any person within the local limits of his authority or any person with whom he is likely to have official dealings, nor shall be permit any member of his family, except with the previous sanction of the Corporation, to enter into any such transactions :
Provided that an employee may accept a purely temporary loan of small amount, free of interest, from a personal friend or relative or operate a credit account with a bona fide tradesman.
(6) When an employee is appointed or transferred to a post of such a nature as to involve him in the breach of any of the provisions of clause (4) of clause (5) he shall forthwith report the circumstances to the Corporation and shall thereafter act in accordance with such orders as may be passed by the Corporation.