Industrial Reconstruction Bank of India Act : Disclosure of interest. Indian Bare Acts :

Industrial Reconstruction Bank of India Act,1984

Act No : 62

Section : Disclosure of interest.

13. Disclosure of interest.-No member of the Board shall have an interest, direct or indirect, in any business, industry or concern to which any assistance has been given or is to be given by the Reconstruction Bank under this Act and if any such member acquires such interest at any time during the continuance of such assistance, he shall immediately disclose it to the Board and shall either resign his membership of the Board or dispose of his interest in such manner and within such time as the Board may direct.