Conflict of interest: Members must disclose interests and abstain from deliberation and decision-making on affected matters. Every Member who is directly or indirectly concerned or interested in any business coming up for consideration at a meeting of the Governing 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 Governing Board and the Member shall not take part in any deliberation or decision of the Governing Board with respect to that business. The expression 'directly or indirectly' includes concern or interest held personally, through relatives as defined in the Companies Act, or by reason of being a partner or director of that concern.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Conflict of interest: Members must disclose interests and abstain from deliberation and decision-making on affected matters.
Every Member who is directly or indirectly concerned or interested in any business coming up for consideration at a meeting of the Governing 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 Governing Board and the Member shall not take part in any deliberation or decision of the Governing Board with respect to that business. The expression "directly or indirectly" includes concern or interest held personally, through relatives as defined in the Companies Act, or by reason of being a partner or director of that concern.
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