Amendment status not verified — confirm the current text below against the official source.
(1) The Board shaH meet at sucli times and places and shall, subject to the provisions of sub- section (2) and (3) observe su~h rules of procedure in regard to transaction of business at its meeting including the quorum nt meetings as may be pres- crib.ed by regulations: Provided that the Board shall meet at least once in three months. (2) The Chairman or in his absence the Vice- Chairman , or in absence of both. any other Direc- tor, elected by simple majority votes of the Directors present anq voting, shall preside at a meeting of the Board. (3) All questions at any meetings of the Board shall be decided by a majority of the votes of the Directors present and voting and in the case of an equality of votes the Chairman, Vice-Chairman or in their absence the elected Chairman presid- ing, shall have ana exercise a second or casting vote. Temporary