RBE No. 128/2009: Conduct Rule 16 – ACS No.108

No. E(D&A)2009/GS 1-4, dated 14.07.2009

Sub: Amendment to Rule 16 (Investment, Lending & Borrowing) of the Railway Services (Conduct) Rules, 1966.

1. In exercise of the powers conferred by the proviso to Article 309 of the Constitution, the President hereby directs that Rule 16 of the Railway Services (Conduct) Rules, 1966, contained in Appendix-I of the Indian Railway Establishment Code-Vol.I, Fifth Edition, 1985 (2003 reprint) may be amended as in the Advance Correction slip No.108 enclosed.

2. Please acknowledge receipt.

Advance Correction Slip No.108

INDIAN RAILWAY ESTABLISHMENT CODE- VOL-I,

FIFTH EDITION, 1985 (SECOND REPRINT EDITION, 2003)

Appendix-I – Railway Services (Conduct) Rules, 1966

In the Railway Services (Conduct) Rules, 1966, in Rule 16, sub-rule (2) shall be re-numbered as sub-rule (2)(i) thereof, and after that sub-rule as so renumbered, the following clause shall be inserted, namely:-

“(2)(ii) No Railway servant who is involved in the decision making process of fixation of price of an Initial Public Offering or Follow-up Public Offering of shares of a Central Public Sector Enterprise shall apply, either himself or through any member of his family or through any other person acting on his behalf, for allotment of shares in the Initial Public Offerings or Follow-up Public Offerings of such Central Public Sector Enterprise”.

[Authority: Railway Board’s letter No.E(D&A) 2009/GS1-4, dated 14.07.2009 (RBE No. 128/2009) (ACS No.108)]

Download Railway Board Circular RBE No. 128/2009

Forward reference ⇒ RBE No.