Chapter 3 Formation and Functions, Duties and Powers of the Board

Section 32: Prohibition on Vested Personal Interest

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1) After an appointment with the office of the Governor, Deputy Governor or Director, we shall, in every six months, disclose, as prescribed to the Board, any direct or indirect commercial interest of himself/himself or his/her family members.

2) Where any resolution involving the personal interest of the Governor, Deputy Governor or Director, shall disclose to the Board about his personal interest in any matter to be discussed in the meeting of the Board, prior to the beginning of discussion on such matters. No such Director shall take part in that meeting.

3) *………………..

4) The Governor and Deputy Governor should make public the details of property held in his/her name and in the name of his/her family members within one month from the date of appointment and retirement.

* Deleted by the Second Amendment.

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Section 32: Prohibition on Vested Personal Interest

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