[7A. Member not to participate in meetings 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 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.]
Section 7A: Member not to participate in meetings in certain cases.
The Securities and Exchange Board of India Act, 1992Central Act · Act 15 of 1992
Where this provision sits
| Act | The Securities and Exchange Board of India Act, 1992 |
|---|---|
| Section | 7A |
| Marginal note | Member not to participate in meetings in certain cases. |
| Jurisdiction | Central |
| Status | In force as published by the source |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- inserted. . Ins. by s. 4, ibid. (w.e.f. 25-1-1995).
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