The company’s charter consists of the charter upon registration

Article 25. The company’s charter.

bookkeeping-vinasc31. The company’s charter consists of the charter upon registration and amendments made to the charter throughout the enterprise’s operation.

Main contents of the company’s charter:

a) Name, address of the headquarter of the enterprise; names, addresses of its branches and representative office (if any);

b) Business lines;

c) Charter capital; total shares, types of shares, and nominal values of each type of shares if the enterprise is a joint-stock company;

d) Full names, addresses, nationalities, and other information of general partners if the enterprise is a partnership; of the owners or members if the enterprise is a limited liability company; of founding shareholders if the enterprise is a joint-stock company; stakes of each member if the enterprise is a limited liability company or partnership; the quantity of shares, types of shares, and nominal value of each type of the founding shareholders;

dd) Rights and obligations of members/partners if the enterprise is a limited liability company/partnership; of shareholders if the enterprise is a joint-stock company;

e) Organizational structure;

g) The legal representative if the enterprise is a limited liability company or a joint-stock company;

h) Method for ratifying the enterprise’s decisions; rules for resolution of internal dispute;

i) Bases and methods for determination of wages and bonus for managers and controllers;

k) Cases in which a member is entitled to request the enterprise to buy his/her stake (if the enterprise is a limited liability company) or shares (if the enterprise is a joint-stock company);

l) Rules for distribution of post-tax profit and handling of business loss;

m) Cases of dissolution; procedures for dissolution and asset liquidation;

n) Rules for making amendments to the company’s charter.

bookkeeping-vinasc12. When applying for business registration, the charter must bear the full names and signatures of the following persons:

a) General partners if the enterprise is a partnership;

b) The enterprise’s owner being an individual or the legal representative of the enterprise’s owner being an organization (if the enterprise is a single-member limited liability company);

c) Members being individuals or legal representatives or authorized representatives of the members who are organizations (if the enterprise is a multi-member limited liability company);

c) Founding shareholders being individuals and legal representative or authorized representative of founding shareholders being organizations if the enterprise is a joint-stock company.

3. The amended charter must bear the full names and signatures of the following persons:

a) The President of the Member assembly if the enterprise is a partnership;

b) The owner, legal representative of the owner, or the legal representative if the enterprise is a single-member limited liability company;

c) The legal representative if the enterprise is a multi-member limited liability company or joint-stock company.