Section 15
Member of board or committee thereof not to vote in certain cases.
The Food Corporations Act, 1964
About this Act
An Act to provide for the establishment of Food Corporations for the purpose of trading in foodgrains and other foodstuffs and for matters connected therewith and incidental thereto.
A member of the board
of directors of the Corporation or a committee thereof who has any direct or indirect pecuniary interest in
any matter coming up for consideration at a meeting of the board of directors or committee thereof, shall,
as soon as possible after relevant circumstances have come to his knowledge, disclose the nature of his
interest at such meeting and the disclosure shall be recorded in the minutes of the board or the committee,
as the case may be, and the member shall not take any part in any deliberation or decision of the board or
committee with respect to that matter.