Incorporation of a Joint-Stock Company and sale of shares
Hi DMS Lawyer in Vietnam! Coud you advise me about how to incorporate a joint stock company in Vietnam ? Who can decide on the time of sale and selling price of shares ?
Hi!
Procedure to incorporate a joint stock company in Vietnam:
Set up a joint-stock company in Vietnam
Sale of shares in a joint-stock company:
The Board of Directors shall make a decision on the time and method of selling shares and selling price of shares. The selling price of shares must not be lower than the market price at the time of offer for sale or the book value of shares at the most recent time, except for the following cases:
Shares are initially offered to persons not being founding shareholders;
Shares are offered to all shareholders in proportion to the respective number of shares they hold in the company;
Shares are offered to brokers or underwriters. In this case, the specific amount or discount rate must be approved by the General Meeting of Shareholders, unless otherwise stipulated in the Company’s Charter;
Other cases and the discount rate in such cases as stipulated in the Company’s Charter (Article 125 Law on Enterprises No.68/2014/QH13 dated 11/26/2014).
Related topics:
Set up a shareholding company, partly owned by foreign investors in Vietnam.
Set up a joint-stock company and offer to sell shares in Vietnam
Capital of joint-stock companies in Vietnam
Consulting services:
Phone: 0914 165 703 or email: dmslawfirm@gmail.com
Incorporation of a Joint-Stock Company and sale of shares
Prepared by: Thi-Ha Nguyen, Lawyer’s assistant | DMS Law firm in Vietnam Director (Signed) Lawyer Do Minh Son |
RELATING ITEMS
Directors’ remuneration in a joint-stock company in Vietnam
22 May, 2020// Group: SET UP COMPANY IN VIETNAMThe salary of the Director or General Director shall be decided by the Board of Directors
Important things to handle after incorporating a company in Vietnam
22 May, 2020// Group: SET UP COMPANY IN VIETNAMEssential things to do after the registration of a company in Vietnam
Corporate Governance Structure of a single member LLC owned by an organization
22 May, 2020// Group: SET UP COMPANY IN VIETNAMCorporate Governance Structure of a single member LLC owned by an organization
How to handle a capital contribution in kind ?
22 May, 2020// Group: SET UP COMPANY IN VIETNAMIf you form a company in Vietnam, you may either pay up the initial share capital in cash or by contributing non-cash assets
Corporate Governance Structure of a joint-stock company in Vietnam
22 May, 2020// Group: SET UP COMPANY IN VIETNAMWhere there is only one legal representative, the Chairman of the Board of Directors or the Director or General Director shall be the legal representative of the company.