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    The document discusses different types of business entities under Vietnamese law, including shareholding companies and private enterprises. It notes that a shareholding company's charter capital is divided into shares, with shareholders having limited liability. It also describes the roles of a board of members, director, and control board in managing a shareholding company. Finally, it states that a private enterprise is owned by one individual who is fully liable for business activities and has sole control over management decisions.

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    The document discusses different types of business entities under Vietnamese law, including shareholding companies and private enterprises. It notes that a shareholding company's charter capital is divided into shares, with shareholders having limited liability. It also describes the roles of a board of members, director, and control board in managing a shareholding company. Finally, it states that a private enterprise is owned by one individual who is fully liable for business activities and has sole control over management decisions.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    6 views4 pages

    Lec 3 - TOL - in (Compatibility Mode)

    Uploaded by

    Pow Finn
    The document discusses different types of business entities under Vietnamese law, including shareholding companies and private enterprises. It notes that a shareholding company's charter capital is divided into shares, with shareholders having limited liability. It also describes the roles of a board of members, director, and control board in managing a shareholding company. Finally, it states that a private enterprise is owned by one individual who is fully liable for business activities and has sole control over management decisions.

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    © All Rights Reserved
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    of 4

    Ho Thuy Hang - LLM.

    9/22/2022

    Lecture 3
    ENTERPRISE LAW 2

    Ho Thuy Hang – LLM.

    Ho Thuy Hang - LLM.

    2. SHAREHOLDING COMPANY
    • Charter capital is divided into equal portions
    (shares)
    • Shareholders: limited liability.
    • Free to transfer their shares
    • Legal status
    • Entitled to issue securities

    Ho Thuy Hang - LLM.

    Types of shares

    Types of shares:
    + Ordinary stocks
    + Preference stocks:
    - Voting preference share
    - Dividend preference share;
    - Redeemable preference share;
    - Others stipulated in the charter.

    Ho Thuy Hang - LLM.

    1
    Ho Thuy Hang - LLM. 9/22/2022

    Ordinary shares
    • 1 share = 1 vote
    • Free to transfer
    • Nominate candidates of managers
    • Attend meeting
    • Receive dividend

    Ho Thuy Hang - LLM.

    Shareholders’ meeting
    • Comprise all shareholders with voting rights

    • Be the highest decision-making body on


    important matters of company.

    • Lawful meeting

    Ho Thuy Hang - LLM.

    BOM

    • Managing body

    • Meet at least once every quarter

    Ho Thuy Hang - LLM.

    2
    Ho Thuy Hang - LLM. 9/22/2022

    Director

    • Decide all issues relating to day to day


    operation

    • Be company’s representative if the charter


    does not provide otherwise

    Ho Thuy Hang - LLM.

    Control Board

    • Compose of 3 to 5 members.

    • At least one is professional in accountancy

    • Supervise company’s activities.

    Ho Thuy Hang - LLM.

    3. Private enterprises

    A private enterprise is owned by one


    individual liable for all activities with all his
    assets

    Ho Thuy Hang - LLM.

    3
    Ho Thuy Hang - LLM. 9/22/2022

    Features
    • Owned by ONE individual
    • The owner holds all 3 rights of the
    ownership (possession-usage-
    determination)
    • No legal status
    • Unlimited liability
    • Not issue securities

    Ho Thuy Hang - LLM.

    Management
    • The owner has the full power to decide all
    business activities

    • He has full power to decide the use of profits


    after fulfilling all obligations

    Ho Thuy Hang - LLM.

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