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

Regulations Relating to the South African Reserve Bank

Chapter V : Records of Meetings

19. Minutes



19.1) The Secretary shall ensure that minutes are kept of-
a) every general meeting of shareholders;
b) every meeting of the Board; and
c) every meeting of the Board sub-committees as indicated in 18.1 above.


19.2) The Secretary shall keep a record of any resolution of the Board passed in accordance with Regulation 16.8 and note it at the following meeting of the Board.


19.3) The minutes of a meeting signed by the Chairperson of that meeting, or of the next successive meeting, shall be deemed a full and accurate record of its proceedings, and proof of their legality, unless the contrary is proved.


19.4) The Secretary shall allow -
a) shareholders and directors to inspect the minutes of general meetings;
b) directors to inspect minutes of meetings of the Board and of Board sub-committees.


19.5) An inspection in terms of Regulation 19.4 shall be-
a) of any copy of minutes certified by the Secretary as true and correct;
b) during office hours at the Bank's head office, by prior arrangement and subject to any reasonable restrictions determined by the Board from time to time.