Decree No. 10/2013/L-CTN enacts the Law Amending and Supplementing Article 170 of the Enterprise Law, which was adopted by the National Assembly on June 20, 2013. This decree stipulates the conditions and procedures for registering changes in shareholders' capital contributions in limited liability enterprises.
Scope of application
Shareholders of limited liability enterprises shall carry out the registration of changes in capital contributions.
Key points
- Shareholders of limited liability enterprises → may register changes in capital contributions in accordance with Article 170 of the Enterprise Law.
- Enterprises must notify the business registration authority of changes in capital contributions within thirty days from the date of the decision on such changes (Article 170, Clause 2).
- New shareholders will be issued a Business Registration Certificate after completing the procedures for changing capital contributions (Article 170, Clause 3).
- If shareholders wish to transfer their share capital to another party, they must follow the provisions set forth in Article 170 of the Enterprise Law (Clauses 4 and 5).
- Violations of the regulations on registering changes in capital contributions will be subject to administrative penalties as provided for in Article 238 of the Enterprise Law (a fine ranging from fifty million to one hundred million VND) (Article 170, Clause 6).
🌐 Social impact of this document
- Positive impact: Reducing the burden of administrative procedures for enterprises when registering changes in capital contributions.
- Negative impact: May increase legal costs and time required to complete procedures related to the transfer of share capital.
❓ Frequently asked questions
What should shareholders do if they want to change their capital contribution?
Shareholders must notify the business registration authority of changes in capital contributions within thirty days from the date of the decision on such changes (Article 170, Clause 2).
How long does it take to complete the procedures for registering changes in capital contributions?
Shareholders must notify within thirty days from the date of the decision on changes in capital contributions (Article 170, Clause 2).
What are the consequences of violating the regulations on registering changes in capital contributions?
Violations of the regulations on registering changes in capital contributions will be subject to administrative penalties with fines ranging from fifty million to one hundred million VND (Article 238 of the Enterprise Law).
When will new shareholders be issued a Business Registration Certificate?
New shareholders will be issued a Business Registration Certificate after completing the procedures for changing capital contributions (Article 170, Clause 3).
What steps must shareholders take if they wish to transfer their share capital to another party?
Shareholders must follow the provisions set forth in Article 170 of the Enterprise Law (Clauses 4 and 5).
Full text
| PRESIDENT OF THE STATE |
SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness |
| Number: 10/2013/L-CTN | Hanoi, June 28, 2013 |
ORDER
Regarding the promulgation of the Law
___________
CHAIRMAN
SOCIALIST REPUBLIC OF VIET NAM
On the basis of Article 103 and Article 106 of the Constitution of the Socialist Republic of Vietnam in 1992, amended and supplemented by Resolution No. 51/2001/QH10 dated December 25, 2001 of the Tenth National Assembly, fifth session;
Pursuant to Article 91 of the Law on the Organization of the National Assembly;
Pursuant to Article 57 of the Law on the Issuance of Legal Normative Documents,
NOW PROMULGATE
Law amending and supplementing Article 170 of the Enterprise Law
Passed by the Thirteenth National Assembly of the Socialist Republic of Vietnam, fifth session on June 20, 2013./.
|
CHAIRMAN SOCIALIST REPUBLIC OF VIET NAM
Truong Tan Sang |
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