Section 13. Acts not to be invalidated by vacancy, irregularity etc

No act done or proceedings taken under this Act by the Corporation or a committee appointed by the Corporation shall be invalidated merely on the ground of-

(a) any vacancy of a Director or a member, or any defect in the Constitution or reconstitution of the Corporation or a committee thereof; or

(b) any defect or irregularity in the appointment of a person as a Director of the Corporation or as a member of a committee thereof; or