TaxTMI 
TaxTMI 
International Financial Services Centres Authority (Procedure for Authority Meetings) Regulations, 2020
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....ement 1) These regulations may be called International Financial Services Centres Authority (Procedure for Authority Meetings) Regulations, 2020. 2) These regulations shall come into force on the date of their publication in the Official Gazette. 2. Definitions (1) In these regulations, unless the context otherwise requires:- (a) "Act" means the International Financial Services Centres Authority Act, 2019 (50 of 2019); (b) "Authority" means the members of the Authority as constituted under section 4 of the International Financial Services Centres Authority Act, 2019 (50 of 2019); (c) "Chairperson" means Chairperson of the Authority; (d) "Member" means a Member of the Authority and ....
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....y him to the Authority.: Provided that if an emergency meeting of the Authority is required to be convened, seven working days' notice may not be required. However, sufficient notice shall be given to the member to enable him or her to attend the meeting: Provided further that a resolution may be passed or a decision taken by circulation of an agenda to the members. 2) No business other than that for which the meeting was convened shall be discussed at a meeting of the Authority, except with the consent of the Chairperson or the member presiding at the meeting and a majority of the members present. 3) If for any reason it is not possible to conduct a physical meeting, such meeting may be held through video conferencing or other ....
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....confirmation of the members. The confirmed minutes shall be signed by the Chairperson or the member presiding at the succeeding meeting, and taken on record thereafter. Chapter III Obligation of the members 10. Member to abstain from Authority meeting's deliberations on certain matters Every member, who is directly or indirectly concerned or interested in any matter coming up for consideration at a meeting of the Authority, shall, as soon as possible, after the 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 any part in any deliberation or decision of the Authority with re....
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....f common seal, register of attendance of the meetings, minutes book, and other documents/records etc. pertaining to the meetings of the Authority. 2) The Secretary shall arrange meetings, record minutes and generally ensure that these regulations are followed. 14. Manner and form in which contracts may be executed 1) Any contract which, if made between private persons would by law be required to be in writing, signed by the parties to be charged therewith, may be made on behalf of the Authority in writing signed by any member, officer of the Authority or any other person acting under its authority, express or implied and may in the same manner be varied or discharged. 2) Any document connected with any contract may be signed and....