COMPANIES ACT, 1929

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Proceedings of Directors
81. The directors may meet together for the despatch of business,
adjourn, and otherwise regulate their meetings, as they think fit.
Questions arising at any meeting shall be decided by a majority of
votes. In case of an equality of votes the chairman shall have a
second or casting vote. A director may, and the secretary on the
requisition of a director shall, at anv time summon a meeting of the
directors.
82. The quorum necessary for the transaction of the business of
tie directors may be fixed by the directors, and unless so fixed shall
when the number of directors exceeds three be three, and when the
number of directors does not exceed three, be two.
83..The continuing directors may act notwithstanding any
vacancy in their body, but, if and so long as their number is reduced
below the number fixed by or pursuant to the regulations of the
company as the necessary quorum of directors, the continuing
directors may act for the purpose of increasing the number of
directors to that number, or of summoning a general meeting of the
company. but for no other purpose.
84. The directors may elect a chairman of their meetings and
determine the period for which he is to hold office; but if no such
chairman is elected, or if at any meeting the chairman is not present
within five minutes after the time appointed for holding the same,
the directors present mav choose one of their number to be chairman
nf the meeting.
85. The directors may delegate any of their powers to com-
mittees consisting of such member or members of their body as they
think fit; any committee so formed shall in the exercise of the
powers so delegated conform to anv regulations that mav be imposed
on it bv the directors.
86. A committee may elect a chairman of its meetings; if no
such ‘chairman is elected, or if at any meeting the chairman is not
present within five minutes after the time appointed for holding the
same, the members present may choose one of their number to be
chairman of the meeting.
87. A committee may meet and adjourn as it thinks proper.
Questions arising at any meeting shall be determined by a majority
of votes of the members present, and in case of an equality of votes
tie chairman shall have a second or casting vote.
88. ‘All acts done by any meeting of the directors or of a com-
mittee of directors, or by any person acting as a director, shall,
notwithstanding that it be afterwards discovered that there was
some defect in the appointment of any such director or person acting
as aforesaid, or that they or any of them were disqualified, be as
valid as if every such person had been dulv appointed and was
aaalified to be a director