15. Procedures Relating to the Meetings of the Board of Directors:
15.1 The meeting of the Board of Directors shall be held at least once in
two months.
15.2 The presence of fifty precent of the total members of the Board of
Directors shall constitute the quorum of the meeting of the Board of
Directors.
15.3 The chairman of the Board of Directors shall preside over its meeting,
and in his absence the meeting shall be presided over by a member
designated in that capacity from among its members.
15.4 Decisions of the meetings of the Board of Directors shall be made on
the basis of majority and in case of a tie, the person presiding over the
meeting shall have the casting vote.
15.5 The secretary of the Board of Directors shall convene the meeting of
the Board of Directors on such date and at such time and venue as
fixed by the Chairman.
15.6 The Secretary of the Board of Directors shall get the decisions of the
meeting of the Board of Directors authenticated by the presiding
person and keep them updated.
15.7 The Board of Directors shall determine on its own the other
procedures relating to its meetings.