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.
Insolvency and Bankruptcy Code 2016
Section 191 Powers of Chairperson
Section 193 Member not to participate in meetings in certain cases
Section 194 Vacancies, etc., not to invalidate proceedings of Board, Officers and employees of Board
Section 195 Power to designate financial sector regulator
Section 196 Powers and functions of Board
Section 197 Constitution of advisory committee, executive committee or other committee
Section 198 Condonation of delay
Section 200 Principles governing registration of insolvency professional agency
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