Joint-Stock Company with Legal Entity Status from the Date of Full Capital Contribution by Shareholders
Pursuant to Clause 2 and Clause 3, Article 111 of the Law on Enterprises 2020 (Effective from January 01, 2021) stipulates as follows:
- A joint-stock company has legal entity status from the date it is granted the Enterprise Registration Certificate.
- A joint-stock company has the right to issue shares, bonds, and other types of securities of the company.
Thus, a joint-stock company has legal entity status from the date it is granted the Enterprise Registration Certificate, not from the date the shareholders fully contribute capital, and the joint-stock company has the right to issue shares, bonds, and other types of securities.
Respectfully!
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