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Meetings and procedure of the Board.
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17.—(1) The Board shall hold at least one meeting in each quarter of the year and shall also hold such other meetings as may be necessary for the due performance of their functions.
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(2) The quorum for a meeting of the Board shall be four.
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(3) The president of the Board shall act as chairman of every meeting of the Board at which he is present.
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(4) During the absence of the president of the Board from any meeting of the Board or if when any meeting of the Board is held there is no president of the Board in office, the members of the Board present shall elect one of themselves to be chairman of the meeting for the time being and, where at such election there is an equality of votes for two or more persons, it shall be determined by lot which of those persons shall be chairman of the meeting for the time being.
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(5) Every question at a meeting of the Board shall be determined by a majority of the votes of the members present and voting on the question and, in case of an equal division of votes, the chairman of the meeting shall have a second or casting vote.
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(6) The Board may act notwithstanding one or more vacancies among their members.
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(7) Subject to the provisions of this Act, the Board shall regulate, by rules, the procedure of the Board.
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(8) The Minister may fix the date, time and place of the first meeting of the Board.
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