Section 29
Meeting Of The Committee
(1) Meeting of the Committee shall be held on the date, venue and time prescribed by the Chairperson.
(2) Meeting of the Committee shall be held Eight times in a year and gap between two meetings shall not be more than Two months.
(3) Notwithstanding anything contained in Sub Section (2), if at least one third Directors, along with the agenda to be discussed, requests in writing, Chairperson shall call the meeting of the Committee within Seven days.
(4) No meeting of the Committee shall be held unless at least more than half of the Directors are present.
(5) Chairperson shall preside over the meeting of the Committee and in his/her absence, Director selected by the Directors from amongst themselves shall chair the meeting of the Committee.
(6) Decision of the majority shall prevail in the meeting of the Committee and the person presiding the meeting may exercise casting vote
in case of tie.
(7) Details of the Directors present in the meeting, agenda discussed and decision made thereon shall be recorded in a separate register.
(8) Committee itself may determine other matters relating to the meeting of the Committee.