Company Owner Commits to Holding at Least 20% of Charter Capital to Issue New Shares?

View Post in Vietnamese: >> Chủ sở hữu công ty cam kết nắm giữ ít nhất 20% vốn điều lệ mới được chào bán cổ phiếu?

May I ask if it is correct that the company owners commit to holding at least 20% of the charter capital of the issuing organization for a minimum of 01 year from the date the offering ends in order to conduct an initial public offering for converting a limited liability company into a joint-stock company?

Based on Clause 3, Article 15 of Decree 155/2020/ND-CP stipulating the conditions for the initial public offering of shares to convert a limited liability company to a joint-stock company as follows:

The capital-contributing members or the company owner must commit to holding at least 20% of the charter capital of the issuing organization together for a minimum of 01 year from the date of completion of the offering.

Therefore, one of the conditions for the initial public offering of shares to convert a limited liability company to a joint-stock company is that the capital-contributing members or the company owner must commit to holding at least 20% of the charter capital of the issuing organization together for a minimum of 01 year from the date of completion of the offering according to regulations.

Sincerely!

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

Individuals with tax debts from 50 million VND or more in Vietnam are temporarily suspended from exit

What are defective products, goods in Vietnam? Who are liable to compensate damages caused by defective products, goods in Vietnam?

In which cases are imported goods exempt from value added tax in Vietnam?

Form 04-DK-TCT - Taxpayer registration declaration under Circular 86 in Vietnam and Instructions

What are differences between 10-digit and 13-digit tax identification numbers in Vietnam? Which entities are eligible for those tax identification numbers in Vietnam?

Guidelines on checking tax identification numbers of business households in Vietnam in 2025

Guidelines on checking personal tax identification numbers in Vietnam in 2025

When does the tax authority in Vietnam publicly disclose taxpayer registration information on the electronic information portal?

Guidelines for supplementation of the tax declaration dossier in 2025 in Vietnam

What are details of the Form 01/NDAN - Proposal for gradual payment of tax debt in Vietnam in accordance with Circular 80?

- This translation is generated by OpenAI's GPT-4o model;

- Lawnet's response to our user's question is provided above. If you need further information, please send an email to [email protected];

- This article is for reference only;

- The regulations referred to in this article might have been annulled by the time you read it;

- For inquiries about the copyright of this article, please send an email to [email protected];

Địa chỉ:	19 Nguyễn Gia Thiều, P. Võ Thị Sáu, Q.3, TP. Hồ Chí Minh
Điện thoại:	(028) 3930 3279 (06 lines)
E-mail:	[email protected]