Starting a business part time

I am planning to do a startup while working with my existing company. As a next step to this want to register it as a pvt ltd company. Need to understand if any of my current company agreements prevent me from doing so. In my employment letter following clause is mentioned: “17. During the term of your employment you shall devote your entire time and energy to the furtherance of the business of the Company and will not work for any other firm or corporation in an advisory or any other capacity.” And in Corporate code of business conduct and ethics following clause is mentioned: "6. Outside Employment: No employee may serve as an employee, director, or officer of any supplier or customer without the prior written approval of corporate officer. An employee may never serve as an employee, director, or officer of a competitor but may serve as an adviser or consultant to a supplier or customer if that employee conducts business as a representative of MSC. Officers of MSC may not engage in any outside employment other than work as a volunteer. Any employee who does perform outside work has a special responsibility to avoid any conflict with company's business interests and to inform MSC of the nature of these interests. Outside work cannot be performed on the company's time. " My current startup area of work is completely different from my current company area of work. Also, I only work outside office hours or on weekends for my startup and that too using my personal computer. Will I be in trouble if I register my company and me as its director?