Section 16
Restriction On Director And General Manager Of The Agency
The director or general manager of the Agency shall not be a partner in any contract with the Agency. Provided that, immediately when each director or the general manager knows that he or she has directly or indirectly any concern in any contract made by or proposed to be made by the Agency or any contract made by or proposed to be made by any subsidiary body of the Agency and submitted to the Agency for its consideration, such a director or general
manager shall disclose the matter to the meeting of the Board as soon as possible. The matter so disclosed shall be recorded in the minutes, and the concerned director shall not take part in any deliberations or decisions made by the Board in relation to that contract.
manager shall disclose the matter to the meeting of the Board as soon as possible. The matter so disclosed shall be recorded in the minutes, and the concerned director shall not take part in any deliberations or decisions made by the Board in relation to that contract.