No employee shall, except with the previous sanction of the Managing Director, receive any complimentary or valedictory address or accept any testimonial or attend any meeting or entertainment held in his honour, or in the honour of any other employee:
Provided that nothing in this regulation shall apply to-
(i) a farewell entertainment of a substantially private and informal character held in honour of an employee or any other employee on the occasion of his retirement or transfer or any person who has recently left the service of a State Government or Central Government; or
(ii) the acceptance of simple and inexpensive entertainment arranged by public bodies or institutions; or
(iii) the sitting for or acceptance of a copy of a group photograph of the officers and staff of his office on the occasion of his transfer or retirement.
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