National Commission on Financial Market announces penalties and registrations

The Administration Board of the National Commission on the Financial Market imposed a penalty on the joint stock company Moldagro in the amount of 0.1% of its registered capital, quoting a communique from the Commission.

The penalty was imposed as a result of inspections carried out at the company to see how it observed the legislation on insurance during January 1, 2007 – June 30, 2009. At the same time, the Commission's Administration Board registered the 3 000 shares issued at the foundation of Galfin Grup, which was reorganized from limited liability company into joint stock company.

The company's registered capital is 1 500 000 lei divided into 3 000 nominative ordinary shares of the first class with a face value of 500 lei. The Board also decided to remove the 39 288 shares issued by Optimed and the 93 928 shares issued by Expesconstruct from the State Securities Register and annul them following the two companies' liquidation.

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