Regulatory Alerts2016-01-19 | DOF 5422967Added · Updated
Official Letter Modifying the Authorization of Seguros Multiva, S.A., Grupo Financiero Multiva Due to Capital Increase
The Ministry of Finance and Public Credit modifies Base II of Article Three of the authorization granted to Seguros Multiva, S.A., Grupo Financiero Multiva, to reflect an increase in its social capital from $230,500,000.00 to $260,500,000.00 Mexican National Currency. This adjustment is based on the approval of statutory reforms recorded in Public Deed No. 33,103 executed on December 3, 2010. The entity is authorized to continue operating as an insurance institution covering life, accident, health, property, automobile, credit, and catastrophic risks.