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Development Bank of Southern Africa Act, 1997 (Act No. 13 of 1997)

Regulations

Regulations made under Section 17

Calls on shares referred to in section 13 of the Act

18. Calls and restriction on power to make calls

 

The directors may from time to time issue shares and call upon the shareholders in respect of any moneys to be paid in respect of the shares referred to in section 13 of the Act, and each member shall [subject to receiving at least fourteen (14) days written notice specifying the time or times and places of payment] pay to the Bank at the time or times and place or places so specified the amount called on the shares.