Amendment status not verified — confirm the current text below against the official source.
(1) The Board shall meet at least six times in a year to transact its business and a period of more than two months shall not elapse between two consecutive ordinary meetings of the Board. (2) For transacting urgent business, the Chairman may convene special meetings of the Board. (3) Business at the meeting of the Board shall be transacted in accordance with such regulations as the Board may make in that behalf subject to the following conditions namely: (a) the quorum of ordinary or special meetings shall be one-third of the total membership including the Chairman. (b) every meeting shall be presided over by the Chairman and in his absence, by any member elected by the members present at the meeting. (c) If at any special or ordinary meeting of the Board there is no quorum, the person presiding over the meeting shall adjourn the meeting to any other day, not being later than seven days from the date of adjournment and no quorum shall be necessary for such adjourned meeting; and (d) all questions at any meeting shall be decided by majority of votes of the members present and voting, other than the person presiding who shall have and exercise a casting vote only in case of a tie. (4) No act or proceedings of the Board shall be invalid merely by reason of the existence of any vacancy in the membership of the Board.