Regulatory Alerts1995-01-09
Notice No. 2/95 of January 9
The National Bank of Angola mandates an update to the minimum issued share capital for Exchange Houses, raising it to 60 billion new Kwanzas (NKZ) as specified in Article 1. This directive amends the relevant provisions of Notice No. 6/92 of August 12 to reflect the new financial threshold. The regulation takes immediate effect upon publication and formally repeals Notice No. 11/95 of September 15.
NOTICE NO. 2/95 OF JANUARY 9 Considering the need to update the share capital of Exchange Houses provided for in Notice No. 6/92 of August 12; In the exercise of the authority attributed to the National Bank of Angola 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 be amended to read as follows: "To have an issued share capital of no less than NKZ 60,000,000,000.00 (Sixty billion new Kwanzas)." Article 2 This Notice enters into force immediately and repeals Notice No. 11/95 of September 15.
PUBLISH LUANDA, JANUARY 9, 1995. THE GOVERNOR GENEROSO HERMENEGILDO GASPAR DE ALMEIDA