Amendment status not verified — confirm the current text below against the official source.
(1) No trustee shall vote on or take part in the $::#" OL discussion of shy matter coming up for consideration wto or at a meeting of the Board or of any Committee if it is dimss mat- ,, w ~ C h one in which the Trustee has any direct or indirect ibsr am btt- pecuniary interest by himself or along with his partner, rwod. if any, or in which he is- interested professionally on behalf of a client or % agent for, any person other than Wyerament, or a local authority. (2) If any objection is r a h d at a meeting that a Tmstee has in any such matter an interest of the nature s p d e d in sub-sdoc (I), the objection shall be considered and decided by the other Trustees of the Board or the Committee, as tke mse may be, in such manner as,may be prescribed and tbe decision of such Trustees shall be k l . (3) If at any time it is brought to the notice- of the m n of the Board that a Trustee had voted or taken part in the discussions at a meeting in cantrave* tion of the provisions of subsection ( I ) the matter shall, unless bonaftde rights have a m e d to third parties in pursuance of the resolution passed at the meeting, be inquired into and decided in the manner prescribed, and pending such decision it sbaU be the duty of the Board or the Standing Committee, as the case may be, not to give effkct to such resolution. (4) A decision. under sub-section (3) shall be h l and if as a result of the enquiry the Trustee is found to have lro@ or kkea part in the promedings in contra- veatMa of tho provisions of subsection (1) the reso- lution in question shaU stand amded,