Compante, |Gh. 31. No.1,

number tived by oor pursuant to the regulations of the company as
the neee ary quorum of direetors, the continuing directors may act
for the purpose of increasing the mumber of directors to that number,
oroof summoning general meeting of the company, but for no other
Put pase

46. Phe directors may cleet a chairman of their meetings and determine
the period for which he is te hold office but, if no such chairman. is
elected, or That any meeting the chairman is net present within five
minute alter the time appointed for holding the same, the directors
present may choose one of thet number to be ch an of the meeting

Veo Vhe directors may delegate any of thei powers to committee
consisting of suche rie mber or members of thei body as they think (i
“ny committee so formed shall, me the sxereise of the powers so delegated,
conform Coin regubations (iat aie be intiposed on them by dhe direetors,

AS. A committee cleet chair: oof iis meeting. al such
chaitian is elected, or af at moceting the chairman is not present
within five minute. alter the appointed: tor holding the ame, the
members present ay choose of thei number to be chairman. of

the meeting.

AQ. A committee may meet suid adjourn as i thinks proper. Questions
atising: at any meeting shall be determined by a majority of votes of the
THembers present, and incase af equality of votes the chairman shall
have a second or casting vote.

50. Albacts done by any meeting of the diteetors or of a committee of
directors, or by any person aeding as a direetor, shall, notwithstanding
that it be afterwards discovered that: there was some defect ine the
appommtinent of any snele direetors or persons acting aforesaid, or
that they on any of them were disqualified, be as valid as ihevery such
person had been duly appointed anal was qualified to be a direeter

tecounts

a1 the directors shall: proper books of acedunt to be kept with
‘spect to
ll sums of money received and expended by the company and the
atler in respect of which the receipt and expenditure takes place,

all sale. and purchases of goods by the company; and
the assets and liabilities of the company.

22. The books of account shall be kept at the registered oflice of the
company, or at such other place or places as the directors think fit, and
shall always be open to the inspection of the directors.

The directors shall from time to time determine whether and to
what extent and at what times and places and under what conditions or
regulations the accounts and books of the company or any of them shall
be open to the inspection of members not being directors, and no member
(not being a director) shall have any right of inspecting any account or
book or document of the company except as conferred by Ordinance or
authorised by the directors or by the company in general meeting.

S41