Limited allocation to the capital reserve and to the legal reserve

The allocation of the amounts obtained from the reversal of other retained earnings to the legal reserve, and of the amounts obtained from the capital reduction to the capital reserve, is permissible only insofar as the capital reserve and the legal reserve, taken together, do not exceed 10 per cent of the capital stock. In this context, the nominal amount resulting from the reduction, and at a minimum the minimum nominal amount stipulated in section 7, will be considered the capital stock. In calculating the amount permissibly allocable, those amounts that are to be allocated to the capital reserve in the period following the adoption of the resolution as to the capital reduction will not be taken into account, also not in those cases in which their payment is based on a resolution that was adopted concurrently with the resolution as to the capital reduction.