law: The Pension Fund Regulatory and Development Authority Act, 2013
  9. Meetings of
  
  Authority.
  1.  
  
    The
  
  Authority shall meet at such times and places and shall observe such rules of
  
  procedure in regard to the transaction of business at its meetings (including
  
  quorum at such meetings) as may be provided by regulations.
  2.  The
  
  Chairperson or, if for any reason, he is unable to attend a meeting of the
  
  Authority, any other member chosen by the members present from amongst
  
  themselves at the meeting, shall preside at the meeting.
  3.  All
  
  questions which come up before any meeting of the Authority shall be decided by
  
  a majority of votes by the members present and voting, and in the event of an
  
  equality of votes, the Chairperson or in his absence, the person presiding
  
  shall have a second or casting vote.
  4.  
  
    If
  
  any member, who is a director of a company and who as such director, has any
  
  direct or indirect pecuniary interest in any matter coming up for consideration
  
  at a meeting of the Authority, he shall, as soon as possible after relevant
  
  circumstances have come to his knowledge, disclose the nature of his interest
  
  at such meeting and such disclosure shall be recorded in the proceedings of the
  
  Authority, and the member shall not take part in any deliberation or decision
  
  of the Authority with respect to that matter.