Can General Partners Withdraw Capital from the Company?
Pursuant to Clause 2, Article 185 of the Law on Enterprises 2020 (effective from January 01, 2021), the regulation is as follows:
A general partner has the right to withdraw capital from the company if approved by the Board of Members. In this case, the member wishing to withdraw capital from the company must notify in writing the request to withdraw capital at least 06 months before the withdrawal date; capital can only be withdrawn at the end of the fiscal year and the financial statements of that fiscal year have been approved.
Therefore, the right to withdraw capital from the company is subject to the approval of the Board of Members according to the above legal regulation.
Respectfully!
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