New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    As per Section 7A of SEBI Act, who should not attend

    Meetings of Board?
    A Chairperson Correct Answer Incorrect Answer
    B Members with pecuniary interest Correct Answer Incorrect Answer
    C Members from Ministry of Finance Correct Answer Incorrect Answer
    D Members below Deputy Commissioner Rank Correct Answer Incorrect Answer

    Solution

    Section 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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