Amendment status not verified — confirm the current text below against the official source.
Meetings.-(1) The Board shall meet at such times and places and shall observe such rules of procedure in regard to the transaction of business at its meetings (including the quorum at meetings) as may be provided by regulations made by the Corporation under this Act. 1[(2) The Chairman, and in his absence the Vice-Chairman, and in the absence of both, any other director elected by the directors from amongst themselves, shall preside at every meeting of the Board.] (3) All questions which come up before any meeting of the Board shall be decided by a majority of votes of directors present and voting, and in the event of an equality of votes, 2[The Chairman, the Vice-Chairman or the