Rule · CVM · 21 Dec 2001
This instruction amends Article 5 of CVM Instruction No. 229 of January 16, 1995, to require controlling shareholders to publish a notice in major circulation newspapers within two days of a General Meeting. The notice must inform the public that the shareholder will submit a request to the Securities and Exchange Commission (CVM) to register an offer, specifying the price and payment or exchange conditions. A copy of this notice must be sent simultaneously to the stock exchanges where the company's securities were traded in the previous two years. The instruction entered into force on the date of its publication in the Official Gazette of the Union.
CVM INSTRUCTION NO. 357, OF DECEMBER 21, 2001.
Amends Article 5 of CVM Instruction No. 229, of January 16, 1995, which provides for the cancellation of the registration referred to in Article 21 of Law No. 6,385, of December 7, 1976.
THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the Collegiate Body, in a meeting held on this date, and based on § 6 of Article 21 of Law No. 6,385, of December 7, 1976, HAS DECIDED to issue the following Instruction:
Article 1
Article 5 of CVM Instruction No. 229, of January 16, 1995, shall be effective with the following wording:
“Article 5
Within 2 (two) days from the date of the holding of the General Meeting, the controlling shareholder shall, under penalty of liability, publish, in the major circulation newspapers habitually used by the company, a Notice informing that it will submit to the registration of the Securities and Exchange Commission a request for the implementation of the offer, indicating the price and payment or exchange conditions, and simultaneously sending a copy of this Notice to the Stock Exchanges where there has been, in the last two years, trading of securities issued by it.” (NR)
Article 2
This Instruction enters into force on the date of its publication in the Official Gazette of the Union.
Original signed by
JOSÉ LUIZ OSORIO DE ALMEIDA FILHO
President
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Amended 1 time · last 2008-11-04
This document amends: CVM Instruction No. 229 of January 16, 1995 (Revoked) - Closed Company Registration Cancellation
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