Legal consequences of shareholder's delayed capital contribution in a business
Our company is a joint-stock company established on August 1, 2024, with a registered charter capital of VND 10 billion. According to regulations, founding shareholders must contribute the committed capital within the legally prescribed period. However, to date, some shareholders have not fully contributed their capital. In this case, is the company violating capital contribution […]
Ask what procedures I need to follow in order to return to Vietnam nationality
Question: I am a Vietnamese citizen currently working in Canada and have completed the procedures for obtaining Canadian citizenship. However, I have not yet renounced my Vietnamese citizenship. Since my wife and children still reside in Vietnam, I will frequently stay there temporarily while working in Canada. I would like to ask what procedures I […]
Can the approval for share acquisition be obtained when required by the bank, even if registration is not mandatory?
Question: Our company is a foreign-invested economic organization and is conducting a share transfer transaction. According to regulations, our company is not required to register for share acquisition. However, when executing the transaction at the bank, we were asked to provide the approval letter for share acquisition from the Department of Planning and Investment. In […]
Regulations on salary, bonuses, allowances, and collective labor agreements: Is it mandatory for businesses to issue them?
Question: Our company is wondering whether it is mandatory to issue regulations on salary, bonus, allowances, and the Collective Labor Agreement (CLA). If we do not implement these regulations, what legal risks might we face? Answer 1. Collective Labor Agreement (CLA) – Is It a Mandatory Document? According to Clause 1, Article 75 of the […]