12. (1) The meetings of the Board shall be held at such times and at such places as may be prescribed by regulations:
Provided that a meeting may also be otherwise convened by the Chairman when he so thinks fit.
(2) To constitute a quorum at a meeting of the Board the number of Directors present shall be [four [* * *]].
(3) At a meeting of the Board each Director shall have one vote and, in the event of equality of votes, the Chairman shall have a second or casting vote.
(4) No Director shall vote on any matter in which he is directly or indirectly interested.
[(5) If for any reason the Chairman is unable to be present at a meeting of the Board, a Director, other than the Managing Director, chosen by the Directors present shall preside over the meeting.]
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Ministry of Law, Justice and Parliamentary Affairs