Meetings of the Sub-Committee.

1. (1) The Sub-Committee shall meet at such

time and at such place as it may determine and shall subject to the provisions of sub-

section (2) observe such rules or procedure for transaction of its business as may be provided by regulations made under this Act. However, the Sub-Committee shall meet at least once a month.

1. (2) A member who is directly or indirectly concerned or interested in any proposal,

arrangement, subsidy etc., shall, at the earliest possible opportunity, disclose the nature of his interest to the Sub- Committee when any such proposal is discussed.

1. (3) The Chairperson of the Sub-Committee shall preside at all meetings of the Sub-

Committee and in the absence of the Chairperson, the members present shall choose the presiding officer to preside over the meeting.

1. (4) The quorum for meeting of the Sub-Committee shall be six members.
2. (5) The Sub-Committee may invite a person or expert who is not a member of the Board, as special invitee or co-opt any person as an advisor for any meeting of the Sub-

Committee, except that a person so co-opted shall have no right to vote on any matter before the Sub-Committee for a decision.