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 or procedure in regard to the transaction of business at its meetings (including the quorum at meetings) as may be provided by regulations. 3[(2) The Chairman, and in his absence 4[the Vice-Chairman, or in the absence of both] any other director of the Board 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 directed by a majority of the votes of directors present and voting, and, in the event of an equality of votes, 5[the Chairman, or in his absence 6{the Vice-Chairman, or in the absence of both} the person presiding,] shall have and exercise a second or casting vote.