Investment companies must verify the shareholders’ ownership within 05 days

Investment companies must verify the shareholders’ ownership within 05 days (Internet image)

Article 7 of Circular 227/2012/TT-BTC stipulates that within 05 days from ending day of the offering, or from the effective date of the License for establishment and operation of the investment company, asset management company and the Board of Directors of the investment company shall verify the shareholders’ ownership of the purchased shares, and make a shareholder Register with the following contents:

• The name and address of the head office of the asset management company; name and address of the head office of the supervisory bank; full name, abbreviated name, English name (if any) of the investment company; the ticker symbol if the investment company (if any);

• The total amount of offered shares; the amount of sold shares, and the capital raised;

• The list and information about the ownership of stockholders according to the template in Annex 15 enclosed with this Circular;

• The date of the Shareholder Register.

Note: The information in the Shareholder Register is the proof of the shareholders’ ownership of shares.

In addition, the asset management company and the Board of Directors of the investment company shall register and deposit stocks of the investment company in accordance with laws on securities depository and registration.

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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