Bank Kerjasama Rakyat Malaysia Berhad (Special Provisions) Act 1978 s 22
s 22 Declaration of dividends
(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.
Malay text (authoritative)
Pengisytiharan dividen
(1) Tertakluk kepada perenggan 15(1)(a) dan subseksyen (2) seksyen ini, Lembaga boleh dari semasa ke semasa, jika pada pendapatnya wang mencukupi, mengisytiharkan dan membayar dividen atas syernya daripada keuntungan bersih itu, termasuk apa-apa keuntungan yang didapati dalam tahun-tahun yang terdahulu.
(2) Melainkan jika diluluskan oleh Menteri dengan persetujuan Menteri Kewangan, Lembaga tidak boleh mengisytiharkan dan membayar dividen atas syernya melebihi sepuluh peratus daripada nilai syer itu.
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Find Act 202 on lom.agc.gov.my ↗
Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
