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Section 7: Quorum

Pension Fund Regulatory and Development Authority (Procedure for Authority Meetings) Regulations, 2015Central Regulations · 2013

(1) The quorum for transaction of business at a meeting of the Authority shall be a minimum of one-half of the appointed members present, with minimum of three members, and at least one of the members present should be a part time member.

Explanation.-For the removal of doubt it is hereby declared that while calculating the onehalf of total strength under sub-regulation (1), if any fraction that might arise be disregarded.

(2) If within half an hour from the time appointed for holding a meeting the quorum is not present, the Chairperson or the presiding member, as the case may be, shall adjourn the meeting for such hour on some other day as he may deem fit and the notice of such adjournment shall be given to all the members and the business which was to have been brought before the original meeting, had there been a quorum, shall be brought before the adjourned meeting. Where at the adjourned meeting also, the required quorum is not present, the members present at the meeting shall form the quorum.

(3) All questions which come up before any meeting of the Authority shall be decided by a majority votes of the members present and voting and in the event of equality of votes, the Chairperson or in his absence, the person presiding shall have a second or casting vote.

Where this provision sits

ActPension Fund Regulatory and Development Authority (Procedure for Authority Meetings) Regulations, 2015
Section7
Marginal noteQuorum
JurisdictionCentral
StatusIn force as published by the source

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