Takes effect on January 01, 2016, the Circular No. 155/2015/TT-BTC dated October 06, 2015 of the Ministry of Finance guiding the disclosure of information on the securities market, requires that public company shall build its website within 6 months after it becomes public.
Similarly, public company shall build its website within 6 months after it becomes public. An institution issuing bonds to the public shall build its website before conducting a public bond offering. A securities company or fund management company shall build its website when officially commencing its operation. A listed or registered-for-trading institution shall build its website when carrying out procedures for registering its listing or trading on the Stock Exchange;
b/ An institution that builds its website shall report to the State Securities Commission and Stock Exchange and publicize its website address and any change related to such address within 3 working days after completing the building of the website or when changing the website address.
Also in accordance with this Circular, a listed institution or large-sized public company shall extraordinarily disclose information within 24 hours upon the occurrence when the equity capital contribution decreases by at least 10% or the total assets decrease by at least 10% as stated in the latest audited annual financial statement or latest examined biannual financial statement. There is a decision on increase or reduction of the charter capital; a decision on contribution of investment capital to an institution or a project, borrowing or lending or another transaction valued at 10% or more of total assets of the company as stated in the latest audited annual financial statement or latest examined biannual financial statement; a decision on contribution of capital valued at 50% or more of the charter capital of an institution (determined according to the charter capital of the contribution-receiving institution before the contribution); a decision on purchase or sale of assets valued at 15% or more of total assets of the company calculated in the latest audited annual financial statement or latest examined biannual financial statement.
Source: luatvietnam.vn
