6. Quorum.- (1) No business shall be transacted at a meeting of the Board unless there are present at least five Directors. (2) If within half an hour from the time appointed for holding the meeting and quorum is no present, the meeting shall stand adjourned to a time, date and place to be determined by the Chairman: Provided that the meeting so adjourned shall be held with 15 days of the date on which it was originally proposed to be held. (3) A notice shall be given immediately to each Director, who is not present at the meeting, by post or telegram or special messenger as the needs of he case may require. (3) If at any such adjourned meeting also, the quorum is not present within half an hour from the time appointed for holding the meeting, the Directors present at the meeting shall form the quorum. |