(1) An officer shall be eligible for extra-ordinary leave on loss of pay (i.e.
loss of full emoluments) when no other kind of leave is due to him.
(2) Such leave will not be granted for more than 720 days during the entire period of service, but in exceptional circumstances the Chairman and Managing Director or the authority designated by him, may, in individual cases, relax the aforesaid limit.
(3) Such leave shall not be availed of except for sufficient reasons for more than 90 days at a time.
(4) Such leave may be granted in combination with or in continuation of any kind of leave except casual leave admissible to an officer.
(5) The period spent as leave on loss of pay shall not count for increments.
SPECIAL LEAVE:
28. The Board may decide the terms and conditions for sanctioning of Special Leave to an officer for other purposes like study leave, leave to sportsmen, leave for family planning operations, etc.
CARRIED FORWARD LEAVE:
29. An officer who has been absorbed in the Exim Bank’s serv ice from Development Bank or any other institution as may be approved in this behalf by the Chairman and Managing Director, may, at the sole discretion of the Competent Authority, be allowed to carry forward the accumulation of privilege leave and sick leave in his leave account at the Development Bank or any such institution, as the case may be, as on the date immediately prior to his absorption.
Provided that the Competent Authority may further prescribe such terms and conditions as it may deem fit in regard to sanctioning of such “Carried Forward” leave.
Provided further that the Chairman and Managing Director may, in his sole discretion, extend the aforesaid facility to carry forward the accumulation of privilege leave and sick leave in the leave account with the previous employer to a directly recruited officer. The extension of the said facility shall be applicable only in those cases where it has been specifically extended by the Chairman and Managing Director and not otherwise.
25 LAPSE OF LEAVE: