(1) The meeting of the Board shall be held at such place and time as specified by the Board, and the rules of procedures of the Board shall be as prescribed. In the absence of the chairperson, meetings of the Board shall be presided over by a director selected by the directors from amongst themselves. Provided that, the meeting shall be called for at least Six times a year in a manner that an interval between any two meetings shall not exceed Three months.
(2) No meeting of the Board shall be held unless it is attended by a majority of the then members of the Board.
(3) The decision of a majority of the directors who attend and vote at the meeting of the Board shall be binding. Normally, the presiding person shall not vote, but, in the event of a tie, the presiding person may exercise the casting vote.