If this joint stock company was established more than 03 years up to now, then any changing relating to its founded-shareholders; shares transfer among founded-shareholders or other person, etc must be declared and recorded in the Shareholder Registration Book of this Company only, without notification to pronvicial Department of Investment and Planning.
In the contrary, the company’s business registration certificate is required to be amended to reflect such changes.
In this case, the increasing of charter capital can be implemented as follows:
General Meeting of Shareholders shall be held, in which the existing shareholder who wants to put in money will buy all shares (the quantity of shares is calculated base on amount of proposed increased charter capital); while the others shall make refusal of buying such shares.
The ratio of holding shares of all shareholders shall be adjusted accordingly in compliance with increasing of charter capital.
In case the company’s business registration certificate needs to be amended, time for this procedure is about 5-7 working days.
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