7.
| (1) Meetings of the Board shall be held at least once in every month and in addition, as frequently as are necessary for the purpose of discharging its functions under this Act. |
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| (2) The Chairman of the Board shall if present, preside at every meeting of the Board. In the absence of the Chairman from any such meeting, the members present at such meeting shall elect one of the members present, to preside at such meeting. |
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| (3) The quorum for any meeting of the Board shall be three members. |
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| (4)The Chairman or any member presiding at any meeting of the Board, shall in addition to his own vote, have a casting vote. |
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| (5) Subject to the other provisions of this Act, the Board may regulate the procedure in regard to the meetings of the Board and the transaction of business at such meetings. |
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Sri Lanka Consolidated Acts