Paying for subscribed shares upon enterprise registration of a joint stock companies under Article 113, Law on Enterprise 2020 of Vietnam as follows:
Article 113. Paying for subscribed shares upon enterprise registration
1. Shareholders shall fully pay for the subscribed shares within 90 days from issuance date of the Certificate of Enterprise Registration unless shorter time limit is specified by the company's charter or the shares registration contract. In case of capital contribution by assets, the time needed to transport or import the contributed assets and for completing ownership transfer procedures shall be added to this time limit. The Board of Directors shall supervise the shareholders fully and punctually paying for the subscribed shares.
2. During the period from the issuance date of the Certificate of Enterprise Registration to the deadline for paying for the subscribed shares mentioned in Clause 1 of this Article, the number votes of shareholders shall be proportional to their subscribed shares unless otherwise prescribed by the company's charter.
3. In case a shareholder fails to pay or to fully pay for the subscribed shares by the deadline specified in Clause of this Article:
a) The shareholder that fails to pay for the subscribed shares is no longer a shareholder of the company and must not transfer the right to purchase the shares to another person;
b) The shareholder that only pays for part of the subscribed shares will be entitled to a number of votes, dividends and benefits that are proportional to the paid shares and must not transfer the right to purchase the unpaid shares to another person;
c) The shares that are not paid for shall be considered unsold shares and may be sold by the Board of Directors;
d) Within 30 days from the deadline for paying for the subscribed shares mentioned in Clause 1 of this Article, the company shall register the change in charter capital, which shall be equal to the total face values of paid shares unless the unpaid shares are sold out during this period; and register the change of founding shareholders.
4. The shareholders that do not pay or fully pay for their subscribed shares shall be held liable for the company’s financial obligations that incur before the day on which the company register the change in charter capital as prescribed in Point d Clause 3 of this Article in proportion to the amount of their subscribed shares. Members of the Board of Directors and the legal representative shall be jointly responsible for the damage caused by the failure to comply with or fully comply with regulations of Clause 1 and Point d Clause 3 of this Article.
5. Except for the cases in Clause 2 of this Article, a capital contributor will become the company’s shareholder from the day on which the shareholder’s shares are fully paid for and the shareholder’s information specified in Points b, c, d and dd Clause 2 Article 122 of this Law is recorded in the shareholder register.
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GOLDEN STAR ACCOUNTING AND CONSULTING COMPANY
Golden Star is a professional consulting company specializes in providing accounting services, chief accountant services, tax procedure services, tax declaration services, tax consultancy services, tax agency services, tax refund services, services for representative office, company establishment services, company dissolution services in Vietnam, performing investment procedures for foreign investor in Vietnam, salary calculation services, payroll and labour services, law consultancy services, office leasing services, virual office services and other business advisory services.
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4-Services on implementing Accounting and Declaring Tax momthly (Show detail)
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5-Representative Office Dissolution Service (Show detail)
COMPANY ESTABLISHMENT AND BUSINESS REGISTRATION
1-Consulting tax law, corporate law, investment law in Vietnam (Show detail)
2-Set up a Vietnamese capital company in Vietnam (Show detail)
3-Making investment procedures for foreign investors in Vietnam (Show detail)
4-Set up a new foreign invested capital company in Vietnam (Show detail)
6-Set up a branch, representative office in Vietnam (Show detail)
7-Changing enterprise registration in Vietnam (Show detail)
8-Dissolving company in Vietnam (Show detail)
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3-Corporate dissolution consultancy services (Show detail)
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OFFICE FOR LEASE AND VIRTUAL OFFICE SERVICES
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3-Service on leasing address to register a company (Show detail)
Enterprises demand to use accounting and bookkeeping services, chief accountant services, tax procedure services, tax declaration services, tax consultancy services, tax agency services, tax refund services, services for representative office, company establishment services, company dissolution services in Vietnam, performing investment procedures for foreign investor in Vietnam, salary calculation services, payroll and labour services, law consultancy services, office leasing services, virual office services and other business advisory services. Please contact Golden Star Accounting Company in Vietnam for more details.
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