7.—(1) The Board shall hold its first meeting not later than seven days after the establishment date.
(2) The Board shall, in every year commencing after the holding of its first meeting, hold a meeting (in this Act referred to as an annual meeting) on such date as the Board may appoint.
(3) Subject to the provisions of this section, the Board shall hold such and so many meetings as may be necessary for the due execution of its duties.
