Member not to participate in meetings in certain cases
Section 7A of the Securities and Exchange Board of India Act, 1992 deals with member not to participate in meetings in certain cases. Any member, who is a director of a company and who as such director has any direct or indirect pecuniary interest in any matter coming up for consideration at a meeting of the Board, shall, as soon as possible after relevant circumstances have come to his knowledge, disclose the nature of his intere The Act came into force on 30 Jan 1992.
1[7A. Member not to participate in meetings in certain cases.---Any member, who is a director of a company and who as such director has any direct or indirect pecuniary interest in any matter coming up for consideration at a meeting of the Board, shall, as soon as possible after relevant circumstances have come to his knowledge, disclose the nature of his interest at such meeting and such disclosure shall be recorded in the proceedings of the Board, and the member shall not take any part in any deliberation or decision of the Board with respect to that matter.]
Section 7A, The Securities and Exchange Board of India Act, 1992 (Act 15 of 1992).
Questions about Section 7A
What does Section 7A of the Securities and Exchange Board of India Act deal with?
Section 7A of the Securities and Exchange Board of India Act is headed "Member not to participate in meetings in certain cases". [7A. Member not to participate in meetings in certain cases.---Any member, who is a director of a company and who as such director has any direct or indirect pecuniary interest in any matter coming up for consideration at a meeting of the Board, shall, as soon as possible after relevant circumstance
How do I find court cases under Section 7A of the Securities and Exchange Board of India Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Sebi Act 7A, section 7A Sebi Act, section 7A of the Securities and Exchange Board of India Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When did Section 7A of the Securities and Exchange Board of India Act come into force?
Section 7A of the Securities and Exchange Board of India Act, cited as Sebi Act 7A, came into force on 30 Jan 1992, having been enacted on 04 Apr 1992. It is in force as at the date shown on this page.
Other sections of this Act
- 11. Functions of Board1315 words
- 11C. Investigation1145 words
- 12. Registration of stock-brokers, sub-brokers, share transfer agents, etc678 words
- 28A. Recovery of amounts629 words
- 15U. Procedure and powers of the Securities Appellate Tribunal494 words
- 15D. Penalty for certain defaults in case of mutual funds464 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 15 Oct 2026. This page is not a substitute for legal advice.