law: Insurance Regulatory and Development Authority Act, 1999
  10. Meetings of Authority
  (1) The Authority shall meet at such times and places and shall
  
  observe such rules and procedures in regard to transaction of business at its
  
  meetings (including quorum at such meetings) as may be determined by the
  
  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) The Authority may make regulations for the transaction of
  
  business at its meetings.