(1) The meeting of the board of directors shall be held at least six times a year. But the gap between two meetings shall not exceed two months.
(2) The Chairman of the Board of Directors shall call a meeting of the Board of Directors at any time if at least one-fourth of the directors make a written request.
(3) The meeting of the Board of Directors shall be held at the place, date and time specified by the Chairman. (4) The meeting of the Board of Directors shall be presided over by the Chairman and in his absence by the Senior Director; will preside over the meeting.
(5) The meeting of the board of directors shall not be held unless at least ninety one percent of the total number of directors are present.
(6) In the meeting of the Board of Directors, the decision of the majority shall be valid and in case of equality of votes, the member presiding over the meeting shall cast the deciding vote.
(7) The names of the directors present at the meeting of the board of directors, the topics discussed and the decision (minutes) of the meeting shall be recorded in a separate book and all the directors present at the meeting shall sign the said decision. But if a director wants to have a different opinion on the decision of the board of directors, he can sign and record the different opinion.
(8) If any matter in which the director has his own interest is discussed in the meeting of the board of directors or any other sub-committee, he shall inform the meeting about the matter and he shall not participate in such meeting.
(9) The board of directors may consult the experts of the relevant subject on the subject set for discussion in the meeting.
(10) The director shall receive the meeting allowance and other facilities as determined by the general meeting subject to the instructions issued by the authority for attending the meeting.