LEGAL CONSEQUENCES OF SHAREHOLDERS’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 […]

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 […]