[40. Meetings of the Board. ––(1) The Board shall hold its meetings at least four times in a year but three months shall not intervene between its last meeting and the next following meeting.
(2) The Chairman shall preside every meeting of the Board.
(3) All matters in a meeting of the Board shall be decided by the vote of the majority of the members present and voting :
Provided that in the case of equality of votes, the Chairman shall, in addition to his vote as a member, have a casting vote.
(4) Two-third of the total membership shall form a quorum at a meeting of the Board :
Provided that if a meeting is adjourned for want of quorum, no quorum shall be necessary at the next meeting for transacting the same business.
(5) Copy of the proceedings of every meeting of the Board shall be sent to the Government by the Secretary as soon as the meeting is held.
(6) No action taken, or proceedings taken, under this Act by the Board shall be invalid merely on the ground of the existence of any vacancy amongst members, or by reason of defect or irregularity in its constitution or any irregularity in procedure not affecting the merits of the case.]