Meetings of the Board

(1) The Board shall meet at least once in a year, at such place and follow such rules and procedures in regards to the transaction of the business at the meetings as the Board may decide: Provided that if in the opinion of the Chairperson any business of urgent nature is to be transacted, he/she may convene a special meeting of the Board at such times as he thinks fit for the aforesaid purpose. (2) All the meetings of the Board shall be presided by the Chairperson or , the Vice-Chairperson in his/her absence. (3) No business shall be transacted at any meeting unless at least six members other than the Chairperson or the Vice-Chairperson are present. (4) The CEO or the person performing the duties of the CEO shall be ex-officio Secretary of the Board and shall be responsible for the conduct of the business of the Board. (5) The decision of the board shall be taken on the basis of majority. The Chairman shall not vote in the first instance, but shall have and exercise a casting vote in the case of equality of votes.