The Small Industries Development Bank of India Act, 1989
11. Meetings of the Board
1.
The
Board shall meet at such time and places and shall observe such rules of
procedure in regard to the transaction of business at its meetings as may be
prescribed.
2.
The
Chairman or, if for any reason he is unable to attend a meeting of the Board,
any Director nominated by the Charm in this behalf and in the absence of such
nomination any other Director, elected by the Directors present from amongst
themselves 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 of votes of the Directors present and voting, and in the event of an
equality of votes, the Chairman, or in his absence, the person presiding, shall
have a second or casting vote.