Regulation 6 - Meetings of the Authority - Securities And Exchange Board of India(Central Listing Authority) Regulations, 2003

Meetings of the Authority 6 (1) The Authority may meet from time to time for the despatch of business, adjourn, re-schedule and otherwise regulate its meetings, as it thinks fit. (2) The President may, either on his own volition or upon request by a Member, summon a meeting of the Authority. (3) The President, and in his absence the Vice President shall chair all meetings and in the absence of both of them in any meeting, the Members present shall appoint one of them to chair the meeting. (4) The Chief Executive Officer being the ex officio Member-Secretary shall be responsible for all administrative functions in relation to the meetings. (5) The meetings of the Authority shall be held at its office, provided that the Authority may meet at any other place and conduct a meeting without the Members being physically present in one location, through audio or video conferencing. (6) The quorum for any meeting of the Authority shall be four Members: Provided however, that in a meeting for considering an application for a letter precedent to listing, Members who are representatives of exchanges shall not be considered for the purpose of quorum. (7) The continuing Members may act notwithstanding any vacancies in the Authority: Provided that if the number of Members is reduced below the quorum fixed by these regulations for a meeting of the Authority, the continuing Members or Member may act and they shall constitute the quorum. (8) Questions arising at any meeting of the Authority shall be decided by a majority vote of the Members present and voting in such meeting: Provided that in case of an equality of votes, the President, or in his absence the person presiding, shall have a second or casting vote. (9) Decisions of the Authority may also be taken by circulation, provided the resolution has been circulated in draft, together with the necessary papers, if any, to all the Members in advance. (10) The Authority may delegate any of its functions and powers to any committee consisting of such Members as it may determine. (11) Any committee so formed shall in the exercise of its powers or in the performance of its functions so delegated, conform to such procedures or conditions that may be specified by the Authority. (12) Questions arising at any meeting of a committee shall be determined by a majority of the Members present and in case of an equality of votes, the matter shall be referred to the Authority for its consideration and decision thereon. (13) No proceedings before, or order passed by the Authority, shall be questioned or shall be deemed to be invalid on the grounds merely of the existence of any vacancy or defect in the constitution of the Authority.