LawgistThe National Bank for Agriculture and Rural Development Act
15Member of Board or Committee thereof not to participate in meetings in certain cases
A director of the Board or a member of a Committee, who has any direct or indirect pecuniary interest in any matter coming up for consideration at a meeting of the Board or a Committee thereof, shall, as soon as possible after relevant circumstances have come to his knowledge, disclose the nature of his interest at such meeting, and the disclosure shall be recorded in the minutes of the Board, or the Committee, as the case may be, and the director or member shall not take any part in any deliberation or decision of the Board or the Committee with respect to that matter.
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MANAGEMENT OF THE NATIONAL BANK
- 5 Management
- 6 Board of Directors
- 7 Term of office of Chairman and other directors, retirement and payment of fees
- 8 Term of office of Managing Director and whole-time directors, conditions of service, etc
- 9 Disqualifications
- 10 Vacation and resignation of office by directors
- 11 Casual vacancy in the office of Managing Director
- 12 Meetings of Board
- 13 Committees of National Bank
- 14 Advisory Council
- 15 Member of Board or Committee thereof not to participate in meetings in certain cases
