(1) No Sansthan employee shall speculate in any stock, share or other investment.
Explanation.- Frequent purchase or sale or both of shares, securities or other investment shall be deemed to be speculation with in the meaning of this sub-regulation.
(2) No Sansthan 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.
(3) If any question arises whether any transaction is of the nature referred to in sub regulation (1) or regulation (2), above 28 the decision of the Committee thereon shall be final.
(4) (J) No Sansthan employee, shall, save in the ordinary course of business with a bank or a firm of standing duly authorised to conduct banking business, either himself or through any member of his family or any other person acting on his behalf, -
(a)
(b)
(t) lend or borrow money, as principal or agent, to or from any person within the local limits or with whom he is likely to have official dealing, or otherwise place himself under any pecuniary obligation to such person, or 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 Sansthan employee may give to or accept from a relative, a purely temporary loan of a small amount free of interest, or operate a credit account with a bona fide tradesman or make an advance of pay to his' private employee:
Provided further that, nothing in this sub-rule shall apply in respect of any transaction entered into by a Sansthan employee with the previous sanction of the Executive Officer.
When a Sansthan employee is appointed or transferred to a post of such nature as would involve him in the breach of any of the provisions of sub-regulation (2) or sub-regulation (4) above, he shall forthwith report the circumstances to the Executive Officer and shall thereafter act in accordance with such order as may be made by 24 the Executive Officer.
(0) Notwithstanding anything contained आ. 5पछ- regulations (4),
(a) The Committee may, regard being had to the circumstances of each case, relax any of the provisions of sub-regulation (4) in the case of Sansthan employee belonging to Group C or Group D service;
(b) The Committee may direct that in relation to loans to, or borrowing by Sansthan employee from, any co-operative society registered or deemed to be registered under the Maharashtra Co-operative Societies Act, 1960 ( Mah.XXIV of 1961), the provisions of sub-regulation (4) shall apply with such restrictions or relaxation as the Committee may specify.