Sri Lanka Consolidated Acts

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Securities Council Act (No. 36 of 1987) - Sect 7

Meeting of the Council

7.
(1) The Chairman of the Council shall. if present, preside at all meetings of the Council. In the absence of the Chairman from any such meetings, the members present shall elect one of the members to preside to such meeting.
(2) The quorum for any meeting of the Council shall be five members and the Council may subject to the requirement as to quorum, regulate the procedure in regard to the meetings of the Council and the transaction of business at such meetings.
(3) All questions for decision at any meeting of the Council shall be decided by the vote of the majority of the members present. In the case of an equality of votes the member presiding shall have a casting vote.


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