Regulation 9 - Member not to participate in meetings in certain cases - Securities and Exchange Board of India (Procedure for Board Meetings) Regulations, 2001

Chapter III Obligations of the members 9. Member not to participate in meetings in certain cases Every member, who is directly or indirectly concerned or interested in any matter coming up for consideration at a meeting of the 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 Board and the member shall not take any part in any deliberation or decision of the Board with respect to that matter. Explanation: The expression directly or indirectly referred to in this regulation shall include any concern or interest of a member either by himself or through his relatives within the meaning of definition of section 6 of the Companies Act, 1956 (1 of 1956) or by reason of being a partner, director of that concern.