Amendment status not verified — confirm the current text below against the official source.
Meetings of the Board.— (1) The Board shall meet at such time and at such place as it may determine and shall, subject to the provisions of sub-section (2), observe such rules or procedure for transaction of its business as may be provided by regulations made under this Act. However, the Board shall meet at least once in every three months. - 5 - (2) A member who is directly or indirectly concerned or interested in any proposal, arrangement, subsidy, etc., shall at the earliest possible opportunity disclose the nature of his interest to the Board when any such proposal is discussed and recuse himself during the discussion. (3) The Chairperson shall preside at all meetings of the Board and in his absence the Vice- Chairperson shall preside over the meeting of the Board. (4) The quorum for meeting of the Board shall be nine members. (5) The Board may invite any person or expert who is not a member of the Board, as special invitees or co-opt any person as an advisor for any meeting of the Board, except that a person so co-opted shall have no right to vote on any matter before the Board for a decision. (6) The decision of the Board shall be those approved by the Chairperson of the Board.