Government or Central Government or a Corporation owned or controlled by any State Government or Central Government.

Director not to participate in certain cases.- A director who has any direct or indirect pecuniary interest in any matter coming up for consideration at a meeting of the Board or a committee thereof shall, as soon as possible, after the relevant circumstances have come to his knowledge, disclose the nature of his interest at such meeting and the disclosure shall be recorded in the minutes of the board or the Committee, as the case may be, and the director shall not take any part in any deliberation or decision of the Board or the committee with respect to that matter.

¹ Inserted vide H.P. Act No. 7 of 1987, effective from 12

th February, 1987. 2. Sub-section (4) substituted vide H.P. Act No. 7 of 1987, effective from 12 th

³ Inserted vide H.P. Act No. 7 of 1987 effective from 12

February, 1987. th February, 1987.

4. Section 8 amended vide H.P. Act No. 28 of 1979 and substituted vide H.P. Act

⁵ Inserted vide H.P. Act No. 7 of 1987, effective from 12

No. 8 of 1984. th February, 1987.

10 THE HIMACHAL PRADESH SCHEDULED CASTES AND SCHEDULED TRIBES

DEVELOPMENT CORPORATION ACT, 1979