(a)
he shall, within 3 (three) months of his appointment as
Commissioner or of his knowledge about such interest,
inform by issuing a written notice to all other
Commissioners of the fact of holding or acquiring such
interest and the nature and value thereof; and
(b)
the Chairman shall, with 15 (fifteen) days, issue a notice
calling a meeting of the Commissioners, but where the
Chairman himself has given such notice, the ViceChairman shall call this meeting; and where both the
Chairman and Vice-Chairman have given such notice, any
other Commissioner may call this meeting; and
(c)
the Commission may, after consideration of the nature and
value of the interest, direct the Commissioner to dispose of
the interest and he shall be bound to dispose it of
accordingly; and
(d)
the Commission shall immediately send a copy of such
direction to the Ministry :
Provided that the Commissioner acquiring or holding such
interest shall not have right to vote on the matter, although he shall be
allowed to remain present in the meeting so that he may explain his
position.
11.
Duty of Commissioner regarding certain interest of family-
members.- (1) If a member of any Commissioner’s family acquires or holds
any interest specified in section 10(2)(g), he shall, within three months of his
appointment as Commissioner or of his knowledge about such interest, inform
the Commission in writhing of the nature and value thereof.
Explanation:- In this sub-section “family” means the father, mother, husband
or wife, son, daughter, step-son and step-daughter of the Commissioner.
(2)
If a member of a Commissioner’s family acquires or holds such
interest in a firm, company, corporation or other organization, the
Commissioner shall not have a right to vote in the meeting where the
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