Industrial and Commercial Development Corporation Act

14. Meetings and proceedings

Edition: 1967-04-14 · In force

14. Meetings and proceedings

(1)The quorum necessary for the transaction of business of the Corporation shall, except where regulations made under this Act otherwise provide, be four.

(2)The chairman of a meeting shall in the case of equality of votes have a second or casting vote.

(3)The directors shall cause minutes of all proceedings at their meetings, and of all proceedings at meetings of every committee that may be appointed by them, to be entered in books kept for that purpose.

(4)The books containing the minutes of such proceedings shall remain the property of the Corporation and shall be kept at such place as the directors think fit, and shall at all times be made available to the Minister and to all persons authorized by him in that behalf.

(5)Subject to the provisions of this Act and of any regulations made thereunder, the Corporation shall regulate its own procedure.

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Source: Kenya Law