Meetings of the Board of Directors

(1) The Board of Directors of the Institute shall meet as frequently as the business of the Board of Directors requires, at such time and place, and on such days as the Board of Directors 26 may determine from time to time, but such meetings shall not be held less than once every four months in the year. (2) The Chairperson of the Board of Directors may at any time summon a special meeting of the Board of Directors within seven days of a requisition for that purpose addressed to him by any three members of the Board of Directors. (3) The Chairperson of the Board of Directors shall preside at all meetings of the Board of Directors, and if for any reason the Chairperson is unable to preside, the members present shall elect one of their number to preside at that meeting. (4) A quorum for any meeting of the Board of Directors shall be five members. (5) Decisions of the Board of Directors shall be by majority of the votes cast, provided that in any case in which the voting is equal, the person presiding at the meeting shall have a second or casting vote. (6) In order to fully discharge its functions under this Act, the Board of Directors may constitute itself into Committees, or may appoint Committees made up of suitably qualified persons, and authorise such Committees once duly constituted to examine, analyse, investigate and report back to it on any matter which the Board of Directors may think fit to refer to a (7) The Board of Directors may make Rules regulating the procedure and powers of Committees appointed under sub-