15. Section 80 of the principal enactment Is hereby amended as follows: -
| (i) in subsection (1) of that section, by the substitution, for the words " convene meetings ", of the words " convene ordinary meetings "; |
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| (ii) by the repeal of subsection (2) thereof, and the substitution therefor, of the following new subsection: -
| | " (2) The Chairman or the Vice-Chairman or a member with judicial or legal experience and two other members of the Board one of whom shall be a valuer member shall be summoned to an ordinary meeting of the Board. The members to be summoned other than the Chairman and the Vice-Chairman shall be chosen by lot by the Secretary. The quorum for an ordinary meeting of the Board shall be two members." ; | | |
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| (iii) in subsection (3) thereof by the substitution, for the words " Two separate meetings ", of the words '' Separate meetings ", |
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| (iv) by the repeal of subsection (4) thereof, and the substitution therefor, of the following new subsection: -
| | "(4) Where the Chairman or the Vice-Chairman is summoned to an ordinary meeting of the Board, the Chairman or Vice-Chairman, as the case may be, shall preside at that meeting. Where the Chairman or Vice-Chairman is not summoned, the member with judicial or legal experience shall, if he is the only member with such experience summoned to that meeting, preside at that meeting. Where more than one member with such experience is summoned to that meeting the members of the Board summoned to and present at that meeting shall choose one of the members with such experience as the Chairman of that meeting."; and | | |
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| (v) by the insertion, immediately after subsection. (4) of that section, of the following new subsection: -
| | "(4A) The Secretary shall under the direction of the Chairman of the Board convene extraordinary meetings of the Board, The Chairman of the Board and four other members of the Board nominated by the Chairman of the Board shall be summoned to an extraordinary meeting of the Board. No extraordinary meeting of the Board shall be held unless the Chairman of the Board and the four other members summoned are present at the meeting. The Chairman of the Board shall preside at every extraordinary meeting of the Board.". | | |
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Sri Lanka Consolidated Acts