Tutorial 2

1. Which of following persons has right to establish companies:

a. A 17 year old person

b. An officer in a People Army organization.

c. A retired person contributing his technical know-how.

d. A manager in State enterprise.

2. Charter capital is:

a. The capital contributed by a company’s members and written in the company’s charter.

b. The capital contributed in accordance with the law.

c. The capital used for the main activities of a company.

d. The fixed capital of a company.

3. Legal capital is:

a. The capital contributed by the State to a company.

b. The capital contributed by a company’s members in accordance with the law.

c. The minimum capital required by the law in order to establish a company.

d. All of the above answers.

4. When an asset is contributed to a company’s capital:

a. Such asset must be assessed in VND.

b. The ownership of such asset must be transferred to the company.

c. Such asset must be assessed in VND but the transfer of ownership is not required.

d. Such asset must be assessed in VND and the transfer of ownership is required.

5. Analyze the factors to determine the legal status of a company.

Independent entity -Art 74. Civil code

6. Company ESR has operated in plastic manufacture for 3 years. Is it lawful for another company named

E+S+R to be established?

No Art 41 clause 2 point DD ( must not be identical)

7. Can Ltd company’s member transfer their capital share freely?

8. To increase charter capital, ltd Companies can:

a. Issue share b. Issue bond c. none of a and b

9. Mr. A, B, C committed to contribute 100 million VND each person to establish a Ltd company.
However,

Mr. C can contribute only 50 million VND and owed company 50 million VND. A,B,C will divide the

company’s profit under following ratio:

a. 1 : 1 : 1 b. 2 : 2 : 1 c. none of a & b b. A. 48

10. Distinguish between a sole-member limited liability company and a limited liability company with
more

than one member. Nguyên H.H.Nam LLM.

11. Are these statements true or false? Explain?

a. Enterprises, branches and representative offices have independent legal status.

b. All kinds of enterprises are commercial legal persons.

c. State agencies can become owners of sole-member limited liability companies.

12: Ltd Co.X includes: Mr. A-Director, contributing 2 billion, Mr.B - Chairman of Member Council,

contributing 3billion, Mr. C – Chief Accountant, contributing 5billion.

a. Who may be legal representative person of Co.X ? A or B, A&B

b. Can Mr. C transfer 4 billion to Co.D?

c. Can D appoint 4 persons as their representatives in Co. X Member Council? A.15

d. To assume, B signed contract to sell an equipment of 4 billion VND ( total asset of 7 billion). The
transaction

was approved by B,D in the company’ meeting. Is B' decision lawful?