Meetings

General197940 sections

Statutory text

(1) The Board shall meet at such times and places and shall observe such rules or procedure in regard to the transaction of business at its meetings (including the quorum at meetings) as may be provided by regulations.
(2) The chairman, the Vice-Chairman, or in the absence of both any other director of the Board elected by the directors from amongst themselves shall preside at every meeting of the Board.
(3) All questions which come up before any meeting of the Board shall be decided by a majority of the votes of directors present and voting, and, in the event of an equality of votes, the Chairman, the Vice-Chairman, or in the absence of both the person presiding, as the case may be, shall have and exercise a second or casting vote.

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