Application for approval of the changes of the name of the investment company in Vietnam

Application for approval of the changes of the name of the investment company in Vietnam (Internet image)

Article 27 of Circular 227/2012/TT-BTC stipulates that the changes of the name, the asset management company, the depository bank, or the supervisory bank of the investment company must be approved by the State Securities Commission. The application for the changes includes:

• The written application for the changes made in accordance with the template in Annex 08 enclosed with this Circular;

• The meeting minutes and decision of the General meeting of shareholders on the approval for the changes prescribed in Clause 1 of this Article;

• When replacing the asset management company, depository bank, or supervisory bank, the investment company must provide their commitments to handover the rights and obligations to the alternative asset management company, depository bank, or supervisory bank.

Note: The documents shall be made into 01 original dossier, and enclosed with computer files. The original dossier shall be sent to the State Securities Commission directly or by post. Within 15 days from the date on which the complete and valid dossier is received, the State Securities Commission shall issue a written approval for the changes of the investment company. The refusal must be notified and explained in writing by the State Securities Commission.

More details can be found in Circular 227/2012/TT-BTC, which comes into force from July 1, 2013.

Le Vy

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