FINANCIAL REPORTING COUNCIL OF NIGERIA ACT, 2011 (AS AMENDED)
Section 12: Meetings of the Board.
(1) The Board shall meet at least once every 3 months and at such time and place as the Chairman shall determine subject to 14 days notice.
(2) The Board shall meet if required to do so, by notice to the Chairman, by not less than four member organizations and the Chairman shall summon a meeting of the Board within 14 days from the date on which the notice is given.
(3) At every meeting of the Board, the Chairman shall preside and in his absence, the members present shall elect a member to act as Chairman of the meeting.
(4) Subject to the provisions of this Act and Section 27 of the Interpretation Act (which provides for decisions of a statutory body to be taken by a majority of its members and for the person presiding at any meeting, when a vote is ordered, to have a second or casting vote) the Board may make standing orders regulating its proceedings or that of any of its Committees.
(5) The Board shall set up such Committees for its efficient and effective functioning.
Cite this section
Section 12, FINANCIAL REPORTING COUNCIL OF NIGERIA ACT, 2011 (AS AMENDED) (2011).
https://repo.podus.ai/laws/financial-reporting-council-of-nigeria-act-2011-as-amended/section/12/