IBC 192 — Meetings of Board

Insolvency & Bankruptcy Code, 2016

Statutory text

(1) The Board shall meet at such times and places, and observe such rules of procedure in regard to the transaction of business at its meetings (including quorum at such meetings) as may be determined by regulations.
(2)  The  Chairperson,  or  if,  for  any  reason,  the  Chairperson  is  unable  to  attend  any  meeting  of the Board, any other member chosen by the members present at the meeting shall preside at the meeting.
(3)  All  questions  which  come  up  before  any  meeting  of  the  Board  shall  be  decided  by  a  majority votes of the members present and voting, and, in the event of an equality of votes, the Chairperson, or in his absence, the person presiding, shall have a second or casting vote.

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