Section 193 : Member not to participate in meetings in certain cases

Any member, who is a director of a company and who as such director has any direct or indirect pecuniary interest in any matter coming up for consideration at a meeting of the Board, shall, as soon as possible after relevant circumstances have come to his knowledge, disclose the nature of his interest at such meeting and such disclosure shall be recorded in the proceedings of the Board, and the member shall not take any part in any deliberation or
decision of the Board with respect to that matter.

Insolvency and Bankruptcy Code 2016

Section 191 Powers of Chairperson

Section 192 Meetings of Board

Section 193 Member not to participate in meetings in certain cases

Section 194 Vacancies, etc., not to invalidate proceedings of Board, Officers and employees of Board

Section 195 Power to designate financial sector regulator

Section 196 Powers and functions of Board

Section 197 Constitution of advisory committee, executive committee or other committee

Section 198 Condonation of delay

Section 199 No person to function as insolvency professional agency without valid certificate of registration

Section 200 Principles governing registration of insolvency professional agency