: No Director and Managing Director of the Institute shall be a shareholder in any contract lease with the Institute. However, every director or managing director, as soon as he becomes aware that he is directly or indirectly involved in any contract lease given or proposed to be taken by the company or any contract lease proposed to be taken or given by any subsidiary body of the company and submitted for the consideration of the board of directors, It should be submitted to the committee meeting as soon as possible. The fact that it has been submitted will be noted in the minute book and the concerned director will not be allowed to participate in any discussion or decision in the committee about the contract lease.