Regulatory Alerts2007-02-28 | CD-SIBOIF-468-3-FEBR28-2007Added · Updated
Norm on Deadline for Updating the Share Capital of Stock Exchanges
Stock exchanges with share capital below the statutory minimum must increase their subscribed and paid-in capital to meet the required threshold within seven calendar days following their next Ordinary Shareholders' General Meeting. These entities are prohibited from distributing profits until they have fulfilled this capital update obligation. The regulation becomes effective upon notification.
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