10.
| (1) The Chairman shall preside at all meetings of the Board. In the absence of the Chairman from any meeting of the Board, a member chosen by the members of the Board present at such meeting, shall preside at such meeting. |
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| (2) In the event of any equality of votes at any meeting of the Board, the Chairman or the member presiding at such meeting shall in addition to his vote have a casting vote. |
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| (3) The Board may delegate to the Chairman any power, duty or function conferred or imposed on, or assigned to, the Board by this Act. |
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| (4) The meetings of the Board shall be convened by the Chairman and shall be held as frequently as is necessary for the purpose of the discharge of the functions of the Board under this Act. |
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| (5) The quorum for a meeting of the Board shall be five members. |
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| (6) The members of the Board shall be remunerated in such manner and at such rates as may be determined by the Minister, in consultation with the Minister in charge of the subject of Finance. |
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| (7) Subject to the provisions of this Act, regulations may be made, regulating the procedure to be followed with regard to the conduct of its meetings and the transaction of business at such meetings. |
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| (8) The Board shall in the exercise of its powers, the performance of its duties and the discharge of its functions, be subject to, and act in accordance with, such direction as the Minister may from time to time issue. |
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Sri Lanka Consolidated Acts