alleryStart learning →A member with a pecuniary interest in a matter must do what under section 7A?
AResign from the Board
BChair that discussion
CCast the deciding vote
DStay out of the matter
Answer & Solution
Correct answer: D. Stay out of the matter
Section 7A requires disclosure and bars the member from any deliberation or decision on that matter.
Keep practising SEBI Act and Listing Regulations
Browse all SEBI Act and Listing Regulations questions for CA Final, or explore more Law topics.
Related questions
SEBI combines which three powers in one body?Which authority regulated the market before SEBI existed?SEBI was first set up in 1988 as what kind of body?Regulation 21(4) says the risk committee's role must specifically cover:The risk committee's quorum must include at least one:Maximum gap between two Risk Management Committee meetings is:The Risk Management Committee meets at least how often under Regulation 21(3A)?Risk Management Committee under Regulation 21(2) needs at least how many members?