Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

National Development Bank Of Sri Lanka. Act (No. 2 of 2005) - Sect 11

Director to disclose interest in contracts proposed to be made by the Bank

11. A Director who is directly or indirectly interested in any loan or contract proposed to be made by the Bank shall disclose the nature of his interest at a meeting of the Board of Directors. The disclosure shall be recorded in the minutes of such meeting and such Director shall not take part in any deliberation or decision of such Board with respect to such loan or contract.

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]