Lawgist7Disclosure of interest
(1) No member of the Administration shall have any interest, direct or indirect, in any business, industry or concern to which any assistance under section 12 has been given or is to be given and if any such member acquires such interest at any time during the continuance of such assistance, he shall immediately disclose it to the Administration and shall either resign his membership or disclose of his interest in such manner and within such time as he may be directed by it.
(2) Any member of the Advisory Board who has any interest, director indirect, in any business, industry or concern to which any assistance under section 12 has been given or is to be given or acquires such interest at any time during the continuance of such assistance shall immediately disclose it to the Administration and shall not participate in the proceedings of the Advisory Board relating to such assistance.
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- 1 Short title, extent and commencement
- 2 Definitions
- 3 Establishment and incorporation
- 4 Constitution of the Administration
- 5 Advisory Board
- 6 Terms of office of the members of the Administration and the Advisory Board
- 7 Disclosure of interest
- 8 Removal from membership
- 9 The Chief Administrator
- 10 Staff
- 11 Funds of the Administration
- 12 Business of the Administration
- 13 Loans
- 14 Power to call for repayment before agreed period
- 15 Mode of recovery
- 16 Accounts and audit
- 17 Power of inspection
- 18 Returns
- 19 Power of Central Government to give direction
- 20 Exemption from taxes
- 21 Liquidation of the Administration
- 22 Delegation
- 23 Power to make rules
- 24 Power to make regulations
- 25 Laying of rules and regulations before Parliament
