Development Bank of Southern Africa Act, 1997 (Act No. 13 of 1997)RegulationsRegulations made under Section 17Minutes117. Keeping of minutes |
The directors shall cause minutes to be duly entered in books provided for the purpose—
| (a) | of all appointments of officers made by directors; |
| (b) | of the names of the directors present at each meeting of directors; |
| (c) | of all orders made by the Board; and |
| (d) | of all resolutions and proceedings of general meetings, meetings of institutional shareholders and meetings of directors, and of resolutions made in accordance with these regulations. |
Any such minutes of any meetings of directors or of the Bank or of institutional shareholders and of resolutions in pursuance of these regulations, and any extract therefrom, if purporting to be signed by the chairperson of the meeting or by some person present thereat and appointed by the directors to sign the same in his or her place, or by the chairperson of the next succeeding meeting, or by any two directors, shall be receivable as evidence of the matters stated in such minutes or extracts.