CAP. 701
The Hongkong and Shanghai Bank Regulations
[1989 Ed.
[Subsidiary]
Regulation
Page
Dividends
123. Disposition of profits
A 52
124. Declaration of dividends; employees' bonuses; proportionate and interim dividends
A 52
125. Capital paid in advance
A 53
126. Dividends to be paid out of profits; special power of board
A 53
127. Restriction on amount of dividends
A 53
128. Dividend not to carry interest
A 53
129. Debts may be deducted
A 53
130. Effect of transfer
A 53
131. Retention of dividend in certain cases
A 54
132. Currency and rate of exchange of dividends.
A 54
132A. Scrip dividends
A 54
133. Payments to joint holders
A 57
134. Payment by post
A 58
135. Unclaimed dividends
A 58
Accounts
136. Accounts to be kept
A 58
137. Balance sheets to be prepared every year
A 58
138. Profit and loss account, balance sheet and auditors' report to be sent to shareholders twenty-one days before meeting.
A 58
139. Profit and loss account and balance sheet may be inspected by shareholders before meeting
A 59
140. Copy of report and balance sheet to be sent to Governor
A 59
141. Profit and loss account and auditors' report to be laid before annual general meeting
A 59
142. Annual report and balance sheet
A 59
Audit
143. Accounts to be audited yearly
A 60
144. Appointment and remuneration of auditors
A 60
145. Powers and duties of auditors
A 61
146. Auditor need not be shareholder
A 61
147. Director not to be auditor
A 61
148. Resignation or removal of auditor
A 61
149. When accounts to be deemed finally settled
A 61