(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.
Insolvency and Bankruptcy Code 2016
Section 191 Powers of Chairperson
Section 193 Member not to participate in meetings in certain cases
Section 194 Vacancies, etc., not to invalidate proceedings of Board, Officers and employees of Board
Section 195 Power to designate financial sector regulator
Section 196 Powers and functions of Board
Section 197 Constitution of advisory committee, executive committee or other committee
Section 198 Condonation of delay
Section 200 Principles governing registration of insolvency professional agency
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