Section 22
Declaration of dividends
of Bank Kerjasama Rakyat Malaysia Berhad (Special Provisions) Act 1978
ActIn forceProvision 22 of 31
Section 22
(1)
Subject to paragraph 15 (1)(a) and subsection (2) of this section, the Board may from time to time, if in its opinion there are sufficient moneys available, for that purpose declare and pay out dividends on its shares from the net profit, including any profit made in past years.
(2)
The Board shall not, unless approved by the Minister with the concurrence of the Minister of Finance, declare and pay out dividends on its shares in excess of ten per centum of the value of the shares.