What are the procedures for issuance of a license for the establishment and operation of a joint stock commercial bank when removing the paper household registration book in Vietnam?
- What are the procedures for issuance of a license for the establishment and operation of a joint stock commercial bank when removing the paper household registration book in Vietnam?
- What is included in the application for issuance of license for establishment and operation of a joint stock commercial bank when removing a paper household registration book in Vietnam?
- How much is the fee for issuance of license for the establishment and operation of a joint stock commercial bank in Vietnam?
What are the procedures for issuance of a license for the establishment and operation of a joint stock commercial bank when removing the paper household registration book in Vietnam?
Pursuant to Part II of the Appendix issued together with Decision No. 658/QD-NHNN in 2023 stipulating the steps for granting a license for establishment and operation of a joint stock commercial bank as follows:
- Step 1: The Preparatory Board sends directly or by post to the State Bank of Vietnam a dossier of application for a license made according to the provisions of Circular No. 40/2011/TT-NHNN.
- Step 2: Within 60 days from the date of receiving the application for issuance of the License, the State Bank of Vietnam shall send a document to the Preparatory Board confirming receipt of all valid applications for consideration and approval in principle. In case the dossier of application for a License is incomplete, the State Bank of Vietnam shall send a written request to the Preparatory Board to request the supplement and complete the dossier according to regulations.
- Step 3: Within 90 days from the date of sending the written confirmation of receipt of complete and valid dossiers, the State Bank of Vietnam shall issue a written approval in principle for the establishment of commercial banks or foreign bank branches. In case of disapproval, the State Bank of Vietnam shall send a written reply to the Preparatory Board, clearly stating the reasons for disapproval.
- Step 4: Within 60 days from the date of receiving the written approval in principle of the establishment of a commercial bank or foreign bank branch, the Preparatory Board shall send it directly or by post to the State Bank of Vietnam of Vietnam supplementing documents specified in Circular No. 40/2011/TT-NHNN.
- Step 5: Within 02 days from the date of receipt of all additional documents, the State Bank of Vietnam shall certify in writing that the documents have been fully received.
- Step 6: Within 30 days from the date of receipt of all additional documents, the State Bank of Vietnam shall issue the License according to regulations. In case of refusal to grant a License, the State Bank of Vietnam shall send a written reply to the Preparatory Board, clearly stating the reasons for not granting the License.
What are the procedures for issuance of a license for the establishment and operation of a joint stock commercial bank when removing the paper household registration book in Vietnam?
What is included in the application for issuance of license for establishment and operation of a joint stock commercial bank when removing a paper household registration book in Vietnam?
Pursuant to Part II of the Appendix issued together with Decision No. 658/QD-NHNN in 2023 as follows:
- An application form for a license for the establishment and operation of a commercial bank, signed by the founding shareholders, owners, and founding members, using the form specified in Appendix 02a.
- Draft Charter.
- The project of establishing a commercial bank
- Documents proving the capacity of the proposed administration, control and administration apparatus
- Minutes of the meeting of founding shareholders, founding members or the owner's document on the selection of the Preparatory Board, the Head of the Preparatory Board, approval of the draft Charter, the bank establishment project and the list of expected management, control and executive titles.
- List of founding shareholders and expected list of shareholders contributing capital to the establishment
- Profile of shareholders contributing capital to the establishment
After the principle is approved, the following documents need to be added:
- The charter on organization and operation of the joint stock commercial bank has been approved by the General Meeting of Shareholders.
- Minutes of the first General Meeting of Shareholders.
- Minutes of the Board of Directors meeting to approve the contents of the election of the Chairman of the Board of Directors; Minutes of the Supervisory Board meeting on the election of the title of Head of the Control Board and full-time members of the Supervisory Board.
- Decision of the Board of Directors on the appointment of the titles of General Director (Director), Deputy General Director (Deputy Director), Chief Accountant.
- List of shareholders contributing capital to the establishment according to the form specified in the Appendix.
- A document from a commercial bank where the Preparatory Committee opens a capital contribution account certifying the capital contribution amount of the founding shareholders.
- Documents proving the legal ownership or right to use the head office of the joint stock commercial bank.
- The internal regulations on the organization and operation of the joint stock commercial bank have been approved by the General Meeting of Shareholders and the Board of Directors.
- Report of the founding shareholder being a domestic commercial bank on the satisfaction of the conditions from the time of submitting the application for a License to the time of submitting additional documents.
- List of documents.
In case the papers are copies but not certified copies, the copies are issued from the master book, they must be presented together with the originals for comparison, the collaborators must sign for certification on the copies and take responsibility for the accuracy of the copy relative to the original.
How much is the fee for issuance of license for the establishment and operation of a joint stock commercial bank in Vietnam?
Pursuant to Part II of the Appendix issued together with Decision No. 658/QD-NHNN in 2023 on licensing, the fee for issuance of a license for establishment and operation of a joint stock commercial bank in Vietnam is VND 140,000,000.
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