Commonwealth Numbered Acts

NATIONAL COMPANIES AND SECURITIES COMMISSION ACT 1979 No. 173, 1979 - SECT 20

20. (1) The Chairman may, at any time, convene a meeting of the Commission to
be held at a place and time determined by him.

(2) The Chairman shall convene such meetings of the Commission as, in his
opinion, are necessary for the efficient performance of its functions.

(3) The Chairman shall, on receipt of a request in writing signed by a
majority of the members, convene a meeting of the Commission.

(4) At a meeting of the Commission, a quorum is formed-

   (a)  where the Commission consists of more than 3 members-by 3 members; or

   (b)  in any other case-by 2 members.

(5) The Chairman shall preside at all meetings of the Commission at which he
is present.

(6) If the Chairman is not present at a meeting of the Commission but the
Deputy Chairman is present, the Deputy Chairman shall preside.

(7) Questions arising at a meeting of the Commission shall be determined by a
majority of the votes of the members present.

(8) The member presiding at a meeting of the Commission has a deliberative
vote but does not have a casting vote.

(9) In relation to a time when a person is acting as Chairman, references in
this section to the Chairman shall be read as references to that person.

(10) In relation to a time when a person is acting as Deputy Chairman,
references in this section to the Deputy Chairman shall be read as references
to that person.

(11) In this section, a reference to a member shall be read as including a
reference to an acting member.