RA 6848 Section 30

Purpose of General Meeting.

Section 30

SEC. 30. Purpose of General Meeting.—The general shareholders meeting shall convene purposely to hear the Board of Directors' report on the activities of the Islamic Bank, its financial condition, the auditor's report and to approve the balance sheet for the financial year ended and the profit and loss statement, to determine the portion of dividends to be distributed to the shareholders and the method of distribution to appoint the auditors, and to elect the members of the Shari'a Advisory Council.

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Other provisions in RA 6848

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 6848 Section 30 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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