Section 14: Restriction on dividend

No bank shall pay any dividend on its shares unless-(a) any loan or advance secured under section 13 of this Act has been fully repaid;
(b) all its preliminary expenses, organisational expenses, shares selling commission, amount of losses incurred and other capitalised expenses not represented by tangible assets, have been completely written off;
(c) it has complied with any requirement of the Board pursuant to section 17 of this Act.