Regulatory Alerts1995-07-16
Notice No. 06/95 of July 17
The Governor of the National Bank of Angola issued Notice No. 06/95 on July 17, 1995, to update the minimum paid-up share capital requirement for licensed Exchange Houses. The regulation amends Article 2 of Notice No. 6/92 to mandate a minimum capital of KZR 240,000,000.00 (Two hundred and forty million Adjusted Kwanzas). The notice takes immediate effect and formally revokes the previous Notice No. 2/95 issued on January 9, 1995.
NOTICE NO. 06/95 OF JULY 17 Considering the need to update the Share Capital of Exchange Houses provided for in Notice 6/92, of August 12; In exercise of the competence attributed to the National Bank by Articles 16 and 43 of Law No. 4/91, of April 20; I HEREBY DETERMINE: Article 1 Subparagraph c) of Article 2 of Notice No. 6/92, of August 12, shall henceforth read as follows:
“ To have a paid-up share capital of no less than KZR 240,000,000.00 (Two hundred and forty million Adjusted Kwanzas).” Article 2
This Notice enters into force immediately and revokes Notice No. 2/95, of January 9, 1995. PUBLISH LUANDA, JULY 17, 1995
THE GOVERNOR ANTÓNIO GOMES FURTADO