Regulatory Alerts2018-03-23 | DOF 5517103Added
Agreement on the Increase of Social Capital of Sociedad Hipotecaria Federal and Reform of Article 7 of its Organic Regulations
The Agreement increases the social capital of Sociedad Hipotecaria Federal, Sociedad Nacional de Crédito, Institución de Banca de Desarrollo to $15,150,000,000.00 MXN and amends Article 7 of its Organic Regulations to reflect this amount. The capital is represented by 9,999 Series A and 5,151 Series B equity contribution certificates, each with a nominal value of $1,000,000.00 MXN. The modifications must be registered in the Public Commerce Registry, and the Agreement enters into force the day after its publication in the Official Journal of the Federation.
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