Section 14. When any such special resolution to increase the capital has been passed, the directors may, subject

14. When any such special resolution to increase the capital has been passed, the directors may, subject to the provisions of this or any other Act for the time being in force regulating such Bank, and to the special direction (if any) given in reference thereto by the meeting at which such resolution has been passed, (a) make such orders as they think fit for the opening of subscriptions towards such increase of capital by the proprietors and shareholders; (b) allow to the proprietors and shareholders such period to fill up the subscription as to the directors seems fit; (c) prescribe the manner in which the proprietors and shareholders shall subscribe and pay into the Bank the proportions of new capital which they may respectively desire to subscribe; and (d) make Presidency Banks. [ACT XI (d) make such orders as the directors think fit for the disposal and allotment of the amount of new capital that may not be subscribed for and paid up in manner aforesaid: Provided that the capital shall not exceed, in the case of the Bank of Bengal, thirty millions of rupees, in the case of the Bank of Madras, twelve millions of rupees, and in the case of the Bank of Bombay, twenty millions of rupees. Procedure on resolution to reduce capital.