Conduct Rule No.18A: Restriction In Relation To Acquisition And Disposal Of Immovable Property Outside India And Transaction With Foreigner, etc

18(A).  Restrictions In Relation To Acquisition And Disposal Of Immovable Property Outside India And Transaction With Foreigners etc:-

Notwithstanding anything contained in sub-rule (2) of rule 18, No railway servant shall except with the previous sanction of the Government;

(a)   Acquire, by purchase, mortgage, lease, gift or otherwise, either in his own name or in the name of any member of his family, any immovable property situated outside India.

(b)   Dispose of, by sale, mortgage, gift or otherwise, or grant any lease in respect of any immovable property situated outside India which was acquired or is held by him either in his own name or in the name of any member of his family;

(c)   Enter into any transaction with any foreigner, foreign Government, foreign organization or concern;

(i)    For the acquisition, by purchase, mortgage, lease, gift or otherwise, either in his own name or in the name of any member of his family, or any immovable property.

(ii)    For the disposal of, by sale, mortgage, gift or otherwise, or the grant of any lease in respect of, any immovable property which was acquired or is held by him either in his own name or in the name of any member of his family.