Section 13: Meetings of the Board.

(1) Meetings of the Board shall take place as often as may be required, but not less than six times in every financial year of the Bank.
(2) The Governor shall preside at every meeting of the Board and in his absence, a Deputy Governor designated by him, shall preside at such meeting.
(3) Five members of the Board, three of whom shall be Directors other than the Governor or the Deputy Governors, shall form a quorum at any meeting.
(4) Unless otherwise provided in this Act, decisions shall be by a simple majority of the votes of the members present, but in case of any equality of votes, the person presiding shall have a casting vote.