Amendment status not verified — confirm the current text below against the official source.
No business shall be transacted at any Bo ard or General meeting unless a qu orum is present. The qu orum necessary for the transactio n of business at any meeting shall be one-third of the total nu mbe r of members or the Directors, as the case may be: Provided any meeting in wh ich no qu orum is present with in one ho ur of .the tim e fixed for th e meeting, shall stan d ad journe d to the sam e day in the next week at the same tim e an d place an d in such ad journe d meetin g the business may be tra nsacted even with ou t the presence of a qu orum bu t subject to the conditions an d procedure uas prescribed. Use of lan d and other property. *o r as