Law No. 11 Of 24 February 1992

Original Language Title:  LEGE nr. 11 din 24 februarie 1992

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Law No 11 of 24 February 1992 concerning acceptance by Romania or authorized capital increase at International Financial Corporation-C.F.I. resolution-project "General Growth capital 1991" from the Board of Directors of the C.F.I.

Published in PARLIAMENT ISSUING the OFFICIAL GAZETTE NR. 31 March 2, 1992, the Romanian Parliament adopts this law.


Article 1 shall accept as the capital of Romania, as a member of the International Financial Corporation with shares worth 1,157 1,157,000 dollars, in accordance with draft S.U.A. resolution "General Growth capital 1991" from the Board of Directors of the C.F.I.


Article 2 the amount in respect of the raising of capital in foreign currency will be in the currency of the Fund.


Article 3 the equivalent in lei of the increase is to cover the State budget, through the Ministry of economy and finance, and will be calculated at the exchange rate in force on the date of transfer, i.e. august 1, 1992, 1993, 1994, 1995 and 1996, the rate of 20% of the total value.
This law was adopted by the Chamber of deputies at its meeting of 28 January 1992 in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
PRESIDENT of the CHAMBER of DEPUTIES This MARTIAN DAN law was passed in the Senate is sitting on 17 February 1992, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
Academic SENATE PRESIDENT ALEXANDRU BÂRLĂDEANU-— — — — — — — — — — — — — — — — — — — — — — — — — — — —