5.
| (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 responsibilities under this Act. |
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| (2) 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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| (3) At any meeting of the Board, seven members shall constitute a quorum. |
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| (4) 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, shall be as determined by rules made by the Board. |
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Sri Lanka Consolidated Acts