Section 27(1) in Life Insurance Corporation of India (Staff) Rules, 1960
(1)No employee or class of employee shall, except with the approval of the [Board] [Substituted 'Corporation' by Notification No. G.S.R. 481(E), dated 7.7.2021 (w.e.f. 23.7.1960).], engage directly or indirectly in any trade or business.
