Comparison View

Formal Consolidation |  1993 RevEd
Disclosure of interest by members
12.—(1)  A member who is, directly or indirectly, interested in a contract made, or proposed to be made, by the Board or any other matter which is before any meeting of the Board, shall disclose the nature of his interest at the first meeting of the Board at which he is present after the relevant facts have come to his knowledge.
(2)  A disclosure under subsection (I) shall be recorded in the minutes of the Board and, after the disclosure, that member —
(a)shall not take part in any deliberation or discussion of, and shall not vote on any question with respect to, that contract or other matter; and
(b)shall be disregarded for the purpose of constituting a quorum of the Board for such deliberation or discussion or vote, as the case may be.
(3)  No act or proceedings of the Board shall be questioned on the ground that a member has contravened this section.
Informal Consolidation | Amended Act 5 of 2018
12.  [Repealed by Act 5 of 2018 wef 01/04/2018]