Section 46
Restriction On Distribution Of Dividends
(1) No licensed institution shall declare or distribute dividends to its shareholders until it has recovered all of its preliminary expenses and the losses sustained by it until the previous year, it sets aside such amount as required to be set aside for the capital fund, risk-bearing fund and general reserve fund pursuant to Section 44 and the shares set aside for subscription by the general public are sold and fully paid-up. (2) A licensed institution shall obtain the approval of the Rastra Bank prior to declaring and distributing dividends.