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Section 15: Investment, lending and borrowing

Oil Industry Development Board Employees’ (Conduct, Discipline and Appeal) Rules, 1988.Central Rules · 1974

No employee shall, save in the ordinary course of business with a bank, the Life Insurance Corporation of India or a firm of standing, borrow money from or lend money to or otherwise place himself under pecuniary obligation to any person with whom he has or is likely to have official dealings or permit any such borrowing, lending or pecuniary obligation in his name or for his benefit of any member of his family.

Where this provision sits

ActOil Industry Development Board Employees’ (Conduct, Discipline and Appeal) Rules, 1988.
Section15
Marginal noteInvestment, lending and borrowing
JurisdictionCentral
StatusIn force as published by the source

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