Securities and Exchange Board of India Act : Member not to participate in meetings in certain cases.

Securities and Exchange Board of India Act,1992

Act No : 15

Section : Member not to participate in meetings in certain cases.

2*[7A. Member not to participate inmeetings in certain cases. Any member, who is a director of a company and who as such director has any direct or indirect pecuniary interest in any matter coming up for consideration at a meeting of the Board, shall, as soon as possible after relevant circumstances have come to his knowledge, disclose the nature of his interest at such meeting and such disclo- sure shall be recorded in the proceedings of the Board, and the member shall not take any part in any deliberation or deccision of the Board with respect to that matter.]