(A) Transactions in sale and purchase of shares and debentures etc.─
(1) On investment in stock, share, debenture, etc. an intimation shall be sent to the prescribed authority in the form as given below:-
(i) Group ‘A’ and ‘B’ employees – If the total transaction in shares, securities, debentures or mutual funds scheme etc.
exceeds Rs. 50,000/- during the financial year; and
(ii) Group ‘C’ and ‘D’ employees – If the total transactions in shares, securities, debentures or mutual funds scheme etc.
exceeds Rs. 25,000/- during the financial year.
If an individual transaction exceeds the amount prescribed in sub regulation (3) of regulation 24 the intimation to the prescribed authority shall still be necessary. The intimation prescribed in sub regulation (1) shall be in addition to this, where cumulative transaction(s) i.e. sale, purchase or both in shares, securities, debentures or mutual funds etc. in a year exceed the limits indicated in sub regulation (1).
Form for giving intimation for transactions in shares, 70 securities, debentures and investment in mutual fund schemes, etc.
1. Name and designation
2. Scale of pay and present pay
3. Details of each transaction made in shares, securities, debentures, mutual funds scheme, etc., during the financial year.
4. Particulars of the party, firm with whom transaction is made─
(a) Is party related to the applicant?
(b) Did the applicant have any dealings with the party in his official capacity at any time or is the applicant likely to have any dealings with him in the near future?
5. Source or sources from which financed—
(a) Personal savings
(b) Other sources giving details
6. Any other relevant fact which applicant may like to mention.
DECLARATION I hereby declare that the particulars given above are true.
Station: Signature:
Date: Designation:
(2) No University employee shall make, or permit any member of his family or any person acting on his behalf to make any investment which is likely to embarrass or influence him in the discharge of his official duties. For this purpose any purchases of shares from out of the quotas reserved for Directors or their friends and associate shall be deemed to be an investment which is likely to embarrass the University employee.
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(3) If any question arises whether any transaction is of the nature referred to in sub- regulation (1) or sub- regulation (2), the decision of the University thereon shall be final.
(B) Lending and borrowing.─
(1) No University employee shall save in the ordinary course of business with a bank or a firm of standing duly authorized to conduct banking business, either himself or through any member of his family or any other person acting on his behalf:-
(a) lend or borrow money as principal or agent, to or from any person within the local limits of his authority or with whom he is likely to have official dealings, or otherwise place himself under any pecuniary obligation to such person, or
(b) lend money to any person at interest or in a manner whereby return in money or in kind is charged or paid:
Provided that a University employee may, give to, or accept from, a relative or a personal friend purely temporary one of a small amount free of interest or operate a credit account with a bonafide trade man or make an advance of pay to his private employee but such amount shall not exceed twelve months basic pay for the construction of house or purchase of built up house and six months basic pay for the purchase of conveyance and other purposes.
Provided further that a University employee may, with the previous sanction of the University, enter into any transaction referred to in sub- clause (a) or sub-clause (b).
(2) When a University employee is appointed or transferred to a post of such nature as shall involve him in the breach of any of the provisions of sub-regulation (A)(2) or sub-regulation (B)(1), he shall forthwith report the circumstances to the prescribed authority and shall there after act in accordance with such order as may be made by such authority.