Meeting of the Board

Corporate196636 sections6 chapters

Chapter II Chapter II

Statutory text

(1) The Board shall meet at such times and places and shall, subject to the provisions of sub-section
(2) to (4), observe such rules of procedure in regard to the transaction of business at its meetings, including the quorum at meetings, as may be provided by regulations made by the Board under this Act: Provided that the Board shall meet at least once in every two months.
(2) The chairman may, whenever he thinks fit, call a special meeting of the Board.
(3) The chairman or in his absence, the vice-chairman or, in the absence of both the chairman and the vice-chairman, any member chosen by the members present from among themselves, shall preside at a meeting of the Board.
(4) All questions at a meeting of the Board shall be decided by a majority of the votes of the members present and voting and in the case of an equality of votes, the chairman or, in his absence the person presiding, shall have a second or casting vote.
(5) Minutes of the proceedings of each meeting of the Board shall be drawn up and recorded in a register to be kept for that purpose, and shall be laid before the next ensuing meeting of the Board and signed at such meeting by the presiding officer thereof and copies of such minutes shall be forwarded to the Administrator and the Commission within fifteen days from the date on which they are signed as aforesaid.

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