05 conditions for increase and decrease in charter capital trực tiếp bóng đá k+ an investment company in Vietnam

Regarding this matter, LawNet would like to answer as follows:

1. 05 conditions for increase and decrease in charter capital trực tiếp bóng đá k+ an investment company in Vietnam

Investment and business activities trực tiếp bóng đá k+ investment companies are always associated with potential and risks. Therefore, when wanting to increase charter capital to expand scale, the companies must strictly comply with legal regulations.

Specifically, there are 05 conditions for increase and decrease in charter capital trực tiếp bóng đá k+ an investment company as prescribed in Article 262 trực tiếp bóng đá k+Decree No. 155/2020/ND-CPas follows:

- The General Meeting trực tiếp bóng đá k+ Shareholders (GMS) has approved the capital decrease or follow-on offering; the plan for follow-on offering or capital decrease.

- In case trực tiếp bóng đá k+ decrease in charter capital, the company shall ensure that the charter capital after decrease and net asset value are not smaller than 50 billion VND.

- In case trực tiếp bóng đá k+ charter capital increase by follow-on offering trực tiếp bóng đá k+ shares or scrip issue, the company shall have adequate sources trực tiếp bóng đá k+ financing from share premium and undistributed post-tax profits according to the latest audited or examined financial statement.

- In case trực tiếp bóng đá k+ capital increase by offering or issuance, the company shall comply with regulations on public securities offering (for public investment companies), private placement (for private investment companies) and issuance to existing shareholders.

- For private investment companies: There are not more than 99 shareholders. Shareholders that are organizations shall contribute at least 03 billion VND. Shareholders that are individuals shall contribute at least 01 billion VND.

Thus, when wanting to increase charter capital, investment companies must strictly comply with 5 conditions including: being approved by the General Meeting trực tiếp bóng đá k+ Shareholders, ensuring the charter capital and net asset value; having valid sources trực tiếp bóng đá k+ financing; Complying with offering regulations; Number trực tiếp bóng đá k+ shareholders.

2. Application for adjustment trực tiếp bóng đá k+ charter capital trực tiếp bóng đá k+ an investment company in Vietnam

According to the provisions trực tiếp bóng đá k+ Article 263 trực tiếp bóng đá k+Decree No. 155/2020/ND-CP, the application for adjustment trực tiếp bóng đá k+ charter capital trực tiếp bóng đá k+ an investment company includes:

- The application form No. 94 in the Appendix trực tiếp bóng đá k+Decree No. 155/2020/ND-CP.

Form No. 94Download 

- The resolution trực tiếp bóng đá k+ the GMS on approval for the increase/decrease in charter capital, the plan for capital increase/decrease and the revised charter trực tiếp bóng đá k+ the company.

- The list trực tiếp bóng đá k+ shareholders after adjustment according to form No. 105 in the Appendix trực tiếp bóng đá k+Decree No. 155/2020/ND-CP.

Form No. 105Download 

- In case trực tiếp bóng đá k+ capital decrease, the following documents shall also be included: the report on decrease in charter capital enclosed with the written confirmation issued the depository bank, supervisory bank trực tiếp bóng đá k+ the completion trực tiếp bóng đá k+ payment to shareholders; quantity trực tiếp bóng đá k+ shareholders, quantity trực tiếp bóng đá k+ circulating shares after capital decrease.

- In case trực tiếp bóng đá k+ capital increase by offering or issuance, the following documents shall also be included: The follow-on offering result report according to form No. 102 in the Appendix trực tiếp bóng đá k+Decree No. 155/2020/ND-CPand a written confirmation that the increase in capital has been frozen at the supervisory bank; the list trực tiếp bóng đá k+ new investors (if any);

Form No. 102Download 

- The latest annual financial statement which has been audited in accordance with Article 20 trực tiếp bóng đá k+ the Law on Securities and the latest financial statement before the application is submitted.

- The prospectus and company’s charter (if revised).

Thus, to complete procedures for increasing charter capital in accordance with the law, investment companies need to prepare a full set trực tiếp bóng đá k+ documents including many important documents.

Including the Form no. 94, resolution trực tiếp bóng đá k+ the General Meeting trực tiếp bóng đá k+ Shareholders, list trực tiếp bóng đá k+ shareholders, most recent audited financial statements, offering results report and other related documents.

Best regards!

Key word: investment company | in Vietnam | Vietnam | charter capital |

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