Receiving Shares as a Gift Automatically Becoming a Shareholder?

Pursuant to Clause 5, Article 126 of the Law on Enterprises 2014 stipulates:

Shareholders have the right to donate part or all of their shares in the company to others; use shares to repay debts. In this case, the person who is given or receives repayment in shares will become a shareholder of the company.

According to this regulation, the person who receives the donated shares will be a shareholder of the company. Therefore, when you donate shares to your son, your son will become a shareholder of the company.

However, your son will only become a shareholder of the company from the time your son's information, as stipulated in Clause 2, Article 121 of this Law, is fully recorded in the shareholders' register (According to Clause 7 of this Article).

Respectfully!