Amendment status not verified — confirm the current text below against the official source.
Meetings of Board.— (1) The Board shall meet, at least once in three calendar months or more often if found necessary to transact business under this Act or the regulations made thereunder. (2) Five members of the Board shall form the quorum for a meeting of the Board. (3) The Chairman or, in his absence, member elected, shall preside over a meeting of the Board. (4) Any matter coming up before a meeting of the Board shall be decided by a majority of the members present and voting at the meeting and, in the case of an equality of votes, the Chairman or the member presiding over the meeting shall have a casting vote.