New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

      As per Section 7A of SEBI Act, who shall not take

    part in meeting of the Board?
    A Any member, who is a director of a company Correct Answer Incorrect Answer
    B Any member, who has any direct or indirect pecuniary interest in any matter coming up for consideration Correct Answer Incorrect Answer
    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 Correct Answer Incorrect Answer
    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 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    7A. Member not to participate in meetings in certain cases—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.

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