Amendment status not verified — confirm the current text below against the official source.
(1) The Financial Corporation shall establish a reserve fund. (2) After making provision for bad and doubtful debts, depreciation of assets and all other matters which are usually provided for by banking companies, the Financial Corporation may out of its net annual profits declare a dividend: [x x x x] [x x x x] The proviso omitted by Act 39 of 2000, sec. 22 (w.e.f. 05/09/2000). Sub-section (3) omitted by Act 77 of 1972, sec. 23 (w.e.f. 30/12/1972).