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If you draw salary for anything, then yes. However, rarely with the Bar Council be after you if you don't, so long as you don't actually appear in court representing a client.
What about teaching? Do I have to suspend my licence for that as well ?
bar council rules arent enforced. do what you like.
except that lawyers employed at a law firm are exempt from that rule - there's a Guj HC judgment on this IIRC
What is the fees to suspend membership? What is the fees to commence membership after suspension?
You have to suspend it. Your Bar Council will have a form. Fill it up. When you want to go back to full practice, fill the other form.
I am joining a company as in house counsel. I wouldn't be given Retainership, I will be made as a permanent employee.

Do I have to give up my bar enrollment. Or would I be able to keep it after I join this new job?