(1) Meetings of the Board shall be held at least 12 times in a year. Provided that the interval between any two meetings shall not exceed two months.
(2) The chairperson shall call a meeting at any time when at least two-third of the directors request for the same in writing.
(3) Meetings of the Board shall be presided over by the chairperson. In the absence of the chairperson , the meeting shall be presided over by a director selected by a majority of the directors from amongst themselves.
(4) No meeting of the Board shall be held unless it is attended by at least fifty one percent of the total number of directors who are entitled to attend and vote in a meeting.
(5) The decision of a majority in the meeting of the Board shall be binding, and, only in the event of a tie, the chairperson may exercise the casting vote.
(6) A director who has any personal interest in any resolution to be discussed at a meeting shall not be entitled to take part in that meeting.
(7) Minutes regarding the names of directors present in the meeting of board of directors, the subjects discussed and the decisions taken thereon shall be recorded in a separate book, and such minute book shall be signed by all directors present in the meeting. Provided that, if any director puts forward any opinion opposed
to or differing from the decision in the course of discussions on any subject in a meeting, he or she may mention the same in the minute book.