Companies Act (Cap. 386), article 201

201. For the purpose of determini ng, by reference to particular accounts, whether a proposed distribution may be made by a company, article 197 shall have effect, in a case where one or more distributions have already been made in pursuance of determinations made by referen ce to those same accounts, as if the amount of the proposed distribution was increased by the amount of the distributions so made. Treatment of assets in the relevant accounts.