22 (a) the Board consisted of fewer than the minimum number of persons prescribed in subsection (1) of section six; or (b) a disqualified person acted as a member of the Board at the time the decision was taken or act was done or authorised: Provided that the Board shall ratify any such decision or action as soon as possible after it becomes aware that the decision or action was taken in the circumstances described in paragraph (a) or (b). 18 Minutes of proceedings of Board and committees (1) The Board shall cause minutes of all proceedings of and decisions taken at every meeting of the Board or of a committee of the Board to be entered in books kept for the purpose. (2) Any minutes referred to in subsection (1) which purport to be signed by the chairman of the meeting to which the minutes relate or by the chairman of the next following meeting of the Board or the committee concerned, as the case may be, shall be accepted for all purposes as prima facie evidence of the proceedings of and decisions taken at the meeting concerned. (3) The Board shall cause copies of all minutes that have been signed as provided in subsection (2) to be sent without delay to the Minister for his information. PART IV FINANCIAL PROVISIONS 19 Funds of Authority The funds of the Authority shall consist of⎯ (a) fees, charges and other income accruing to the Authority from licences issued and other things done by it in terms of this Act; and (b) such moneys as may be payable to the Authority from moneys appropriated for the purpose by Act of Parliament; and (c) such other moneys as may vest in or accrue to the Authority, whether in the course of its operations or otherwise. 20 Surplus funds of Authority to be appropriated to Universal Service Fund Any surplus of income over expenditure at the end of the Authority’s financial year shall be appropriated to the Universal Service Fund established by subsection (1) of section seventy-three. 21 Financial year of Authority The financial year of the Authority shall be the period of twelve months ending on the 31st December in each year. 22 Accounts of Authority (1) The Board shall ensure that proper accounts and other records relating to such accounts are kept in respect of all the Authority’s activities, funds and property, including such particular accounts and records as the Minister may direct.

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