Section 11: Member not to participate in meetings in certain cases

1. Meeting of the Board, Regulation, 2007Central Regulations · 2006

Every Member, who is directly or indirectly concerned or interested in any matter coming up for consideration at a meeting of the Board, shall, as soon as possible, after the relevant circumstances have come to his knowledge, disclose the nature of his interest at such meeting and such disclosure shall be recorded in the proceedings of the Board and the Member shall not take any part in any deliberation or decision of the Board with respect to that matter.

4 . THE GAZETTE OF INDIA : EXTRAORDINARY {Part II—Sec. 3(i)] SS

Explanation.—The expression “‘directly or indirectly” referred to in this regulation shall include any concem or .

interest of a Member either.by himself or through his relatives: within the meaning of definition of Section 6 of the Companies Act, 1956 (1 of 1956) or by reason of being a partner, director of that concern.

Where this provision sits

Act	1. Meeting of the Board, Regulation, 2007
Section	11
Marginal note	Member not to participate in meetings in certain cases
Jurisdiction	Central
Status	In force as published by the source

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