South African Reserve Bank Act, 1989 (Act No. 90 of 1989)Regulations Relating to the South African Reserve BankChapter V : Records of Meetings19. Minutes |
| 19.1 | The Secretary shall ensure that minutes are kept of— |
| (a) | every general meeting of shareholders; |
| (b) | every meeting of the Board; and |
| (c) | every meeting of the Board sub-committees as indicated in 18.1 above. |
| 19.2 | The Secretary shall keep a record of any resolution of the Board passed in accordance with Regulation 16.8 and note it at the following meeting of the Board. |
| 19.3 | The minutes of a meeting signed by the Chairperson of that meeting, or of the next successive meeting, shall be deemed a full and accurate record of its proceedings, and proof of their legality, unless the contrary is proved. |
| 19.4 | The Secretary shall allow— |
| (a) | shareholders and directors to inspect the minutes of general meetings; |
| (b) | directors to inspect minutes of meetings of the Board and of Board sub-committees. |
| 19.5 | An inspection in terms of Regulation 19.4 shall be— |
| (a) | of any copy of minutes certified by the Secretary as true and correct; |
| (b) | during office hours at the Bank's head office, by prior arrangement and subject to any reasonable restrictions determined by the Board from time to time. |