40.
| (1) The Chairman of the Board shall, if present, preside at all meetings of the Board. In the absence of the Chairman from any such meeting the members present shall elect one of the members to preside at such meeting. |
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| (2) The quorum for any meeting of the Board shall be four members. |
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| (3) The procedure in regard to the meetings of such Board and the transaction of business, at such meetings shall be as prescribed. |
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| (4) All questions for decision at any meeting of the Board shall be decided by the vote of the majority of the member present. In case of an equality of votes the member presiding at that meeting shall have a casting vote. |
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| (5) The Board shall meet at least once in every two months |
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Sri Lanka Consolidated Acts