Section 31Section 31

s. 31

31 (1) The Bank shall establish a reserve fund to which shall be credited such amount out of its net annual profits as the Board may determine. (2) After deducting the amount under clause (1) and making provisions for bad and doubtful debts, depreciation of assets and such other matters as are usually provided for by bankers or are considered expedient in the interest of the Bank, any surplus remaining thereafter shall be [declared as dividends].

1. 30. The words “paid to the Government” were substituted for the words “declared as dividends” by section 17 of the Bangladesh Shilpa Bank (Amendment) Act, 1987 (Act No. XVIII of 1987)