Sri Lanka Consolidated Acts

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National Development Bank Of Sri Lanka. Act (No. 2 of 2005) - Sect 12

Meetings of the Board of Directors, quorum and regulation of procedure

12.
(1) Meetings of the Board of Directors shall be held at least once in every month and, in addition, as frequently as are necessary for the purpose of discharging its responsibilities under this Act.
(2) At any meeting of the Board of Directors, four Directors shall constitute a quorum.
(3) Subject to the other provisions of this Act, the procedure to be followed in regard to the transaction of business at meetings of the Board of Directors, shall be as determined by rules made by the Board of Directors.

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