Regulatory Alerts2007-01-01
Central Bank Resolution Increasing Authorized Capital to $800 Million
The Central Bank of Trinidad and Tobago issued Legal Notice No. 162 to ratify a Board of Directors resolution increasing its authorized capital from $100 million to $800 million. This legislative action fulfills the statutory requirement under section 34 of the Central Bank Act that such capital increases be approved by the Minister of Finance and ratified by Parliament. The resolution received final approval from the House of Representatives on July 13, 2007, and the Senate on August 21, 2007.
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