Management and Investment Companies Act 1983
14Meetings
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14 Meetings
(1) The Board shall hold such meetings as are necessary for the performance of its functions. (2) The Chairman may at any time, and, if so directed by the Minister, shall, convene a meeting of the Board. (3) The Chairman shall preside at all meetings of the Board at which he is present. (4) If the Chairman is not present at a meeting of the Board, the members present shall elect one of their number to preside at the meeting. (5) At a meeting of the Board: (a) 3 members form a quorum; (b) all questions shall be decided by a majority of votes of the members present and voting; and (c) the member presiding has a deliberative vote and, in the event of an equality of votes, also has a casting vote. (6) The Board may regulate the conduct of proceedings at its meetings as it thinks fit and shall cause minutes of those proceedings to be kept. (7) In this section:
Chairman includes an acting Chairman.
member includes an acting member.