Board of Major Port Authority for Chennai Port (Meetings of Board and Transaction of Business) Regulations, 2024

May 14, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Board of Major Port Authority for Chennai Port on May 10, 2024, issued the Board of Major Port Authority for Chennai Port (Meetings of Board and Transaction of Business) Regulations, 2024, in supersession of the Major Port Trusts (Procedure at Board Meetings) Rules, 1981.

The following provisions have been stated:

• Frequency, date and venue of meetings:

o The Board shall meet at least four times in every financial year in such a manner that not more than one hundred and twenty days shall intervene between two consecutive meetings of the Board.

o The Board shall determine, the date and time of its meetings:

Provided that where the Board is unable to do so for any reason, the Chairperson and in his absence, the Deputy Chairperson or such other person authorised by the Central Government may do so, for reasons to be recorded in writing.

o The meetings of the Board shall be held at their respective port premises, except where the Board in advance decide to hold any meeting at any other place for reasons to be recorded in writing.

• Honorarium for attending Board meetings:

The Chairperson, Deputy Chairperson and Members appointed under clause (c), (e) and (f) of sub-section (1) of section 3 of the Act shall not be entitled to any sitting fees or honorarium for attending meetings of the Board.

This notification will come into force from May 10, 2024.

[Notification No CHPA/RRC/001/2024]


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