(1) The Board shall ordinarily meet atleast once in three months, or more frequently, if necessary;
Provided that the Chairman may call for a special meeting of the Board at anytime to transact urgent business or on a written requisition signed by not less than five Directors.
(2) The Secretary shall, with the approval of the Chairman, give the Directors not less than ten clear days notice in writing of the date, time and place of the proposed meeting, provided that the Chairman may reduce the said period of notice, whenever it is necessary to call for a meeting to consider any emergent business or situation.
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(3) A notice of the meeting shall be served upon any Director either personally or by registered post addressed to such Director:
Provided that no such notice shall be necessary in the case of a Director, who is out of India at the time of the meeting;