Question

As per Section 7A of SEBI Act, who shall not take part in meeting of the Board?

Q: Answer- As per Section 7A of SEBI Act, who shall not take part in meeting of the Board?

7A. Member not to participate in meetings in certain casesAny 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.

A Any member, who is a director of a company

B Any member, who has any direct or indirect pecuniary interest in any matter coming up for consideration

C 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

D Any member, who is a director of a company and who as such director does not have any direct or indirect pecuniary interest in any matter coming up for consideration

E None of the above

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