14. Investment Lending and Borrowing.

(a) lend or borrow or deposit money, as principal or an agent to, or from or with, any person or firm or private limited company within the local limits of his authority or with whom he is is likely to have official dealings or otherwise place himself under any pecuniary obligation to such person or firm or private limited company or.
(b) Lend money to any person at interest or in a manner whereby return in money or in kind is charged or paid, provided that an employee may give to, or accept from a relative or a personal friend a purely temporary loan of a small amount free of interest, or operate credit account with a bona fide tradesman or make an advance of pay to his private employee.
(ii) When an employee is appointed or transferred to a post of such nature as would involve him in breach of any of the provisions of sub-rule (2) or sub rule (4) he shall forthwith report the circumstances to the prescribed authority and shall thereafter act in accordance with such order as may be made by such authority.