Sri Lanka Consolidated Acts

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Securities Council Act (No. 36 of 1987) - Sect 9

Members to disclose any interest in any decision to be made by the Council

9. A member who is directly or indirectly interested in any decision that is to be taken on any matter by the Council shall disclose the nature of such interest at the meeting of the Council where such decision is being taken. The disclosure shall be recorded in the minutes of the meetings of the Council and such member shall not take part in any deliberation or decision of the Council with regard to that matter, and shall withdraw from such meeting while such deliberation is in progress or such decision is being made.


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