Industrial Employment ( Standing Orders) Act, 1946

You can suspend an officer following the service rules as applicable to officers and not following the Standing Orders of the company. You can take disciplinary action against an officer even citing it as a requirement of business even if you do not have any written rules meant for officers.
Madhu.T.K

Thank you Madhu Sir for reply
What if Officer is suspended on the basis of Standing Orders.
Also how long a officer can be suspended also of pending enquiry is completed

Dear Sir,
If the employee is of Supervisory category only then you can take action as per Standing Orders, so examine his nature of duties and if he falls in category of supervisor then you can suspend him, not otherwise. Other than that, if you have staff manual, then you can take action as per that, if the misconduct is serious.