Acts Online
GT Shield

South African Reserve Bank Act, 1989 (Act No. 90 of 1989)

21. Share capital of Bank



1) The share capital of the Bank shall be two million rand, and shall be divided into two million ordinary shares of one rand each.


2) The liability of a shareholder shall be limited to the amount unpaid on the shares held by him.


3) The Bank may, from time to time, with the consent of the Board, increase its share capital by the issue of shares upon such terms as the Board may approve.


4) The premium obtained on any issue of shares shall be added to the reserve fund of the Bank.