Notice on offering individual shares of joint stock companies not public joint stock companies

a) Implementation order:                                                                                                                                                                    

·      In case of making the decision on offering individual shares, the joint stock company sends the Notice on offering individual shares to the Business registration office where the company registered the head office according to the regulations in Article 123 of the Enterprise Law within 05 working days, since the date of decision. The Notice on offering individual shares includes the following contents:

a.    Name and address of head office, Business code;

b.   The total number of shares intended to offer; types of shares offered and the number of shares offered per type;

c.    Time, form of share offering;

d.   Full name and signature of the legal representative of the company;

The Notice on offering individual shares must be accompanied by the following documents:

-       Resolution of the General Assembly of Shareholders on offering individual shares;

-       Plans for offering individual shares approved by General Assembly of Shareholders (if any);

   ·      Upon receiving the Notice, the Business registration office issues the Receipt, checks the validity of documents and supplements and changes the information of the company in National Database on enterprise registration and sends the Notice on Notice of review on offering individual shares to the company by joint stock company.

 b) Implementation method: The company or authorized person carrying out the procedures of enterprise registration directly submits the Notice on offering individual shares at the Business registration office at provincial level where the company registered its head office or via electronic network according to the procedures on the National Information Portal on enterprise registration.

c) Documents, including:

·      Notice on offering individual shares (Annex II-7, Circular No. 20/2015/TT-BKHDT);

d) Number of documents: 01 set.

đ) Time limit for settlement: The company has the right to offer the shares after 05 working days, since sending the Notice without objections of Business registration office.

e) Implementing agency: Business registration office – Department of Planning and Investment.

g) Subjects of administrative procedures: Individuals, organizations.

h) Results of administrative procedures: After 05 working days, since sending the Notice without objections of Business registration office, the company has the right to offer the shares under the provisions of offering individual shares.

i) Fees:

k) Name of form, declaration:

·      Notice on offering individual shares (Annex II-7, Circular No. 20/2015/TT-BKHDT);

l) Requirements and conditions for procedure implementation: Defined in Article 123 of the Enterprise Law and Article 54 of Decree No. 78/2015/ND-CP.

m) Legal basis of administrative procedures:

·      The Enterprise Law of the Assembly of the Socialist Republic of Vietnam No. 68/2014/QH13 dated 26/11/2014 (The Enterprise Law);

·      Decree No. 78/2015/ND-CP dated 14/9/2015 of the Government on enterprise registration (Decree No. 78/2015/ND-CP);