Regulations > Regulations made under Section 17 > Capitalisation > 50. Capitalisation of undivided profits and/or reserves

The Bank in general meeting may at any time pass a resolution that it is expedient to capitalise—

(a)	any sum or sums—

(i)	forming part of the, undivided profits standing to the credit of the Bank's reserve fund;

(ii)	in the hands of the Bank and available for dividend;

(b)	any sum carried to reserve as a result of a sale or revaluation of the assets of the Bank or any part thereof;

(c)	any sum received by way of premium on the issue of any debentures or debenture stock of the Bank.

Any such sum or sums shall not be free for distribution and shall not be appropriated to and amongst the members, unless authorised by the Directors.

Development Bank of Southern Africa Act, 1997 (Act No. 13 of 1997)