7. Section 21 of the principal Act is hereby amended as follows : -
| (a) in subsection (2) of that section, by the substitution, for the word "chairman,",. of the words " chairman or vice-chairman,"; |
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| (b) by the insertion, immediately after subsection (3) of that section, of the following new-subsection : -
| | " (3A) The chairman of the board shall preside at every ordinary meeting of the board to which he is summoned and at which he is present. The vice-chairman of the board shall preside at every ordinary meeting of the board to which he is summoned and at which he is present. In the absence of the chairman or vice-chairman of the board from any ordinary meeting to which he is summoned, the members of the board summoned to and present at that meeting shall choose from among themselves a chairman for that meeting." ; and | | |
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| (c) in subsection (4) of that section, by the substitution,-
| | (i) for the words " every meeting", of the words " every extraordinary meeting " ; | | |
| | (ii) for the words " a meeting ", of the words " an extraordinary meeting " ; | | |
| | (iii) for the words "board, the", of the following: - " board, the vice-chairman of the board shall preside at that meeting. In the absence of both the chairman and the vice-chairman of the board from an extraordinary meeting of the board, the ". | | |
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Sri Lanka Consolidated Acts