Rights of the company’s owner

Article 75. Rights of the company’s owner

bookkeeping-vinasc31. The company’s owner has the rights to:

a) Decide the contents of the company’s charter; amend the company’s charter;

b) Decide the annual business plans and development plans of the company;

c) Decide the organizational structure; designate and dismiss the company’s manager;

d) Decide development investment projects;

dd) Decide solutions for market development, marketing, and technology;

e) Ratify contracts to take loans, contracts to grant loans, and other contracts prescribed by the company’s charter of which the values are equal to or higher than 50% of the total asset value written in the latest financial statement of the company, or a smaller rate prescribed by the company’s charter;

g) Decide the sale of assets of which the values are equal to or higher than 50% of the total asset value written in the latest financial statement of the company, or a smaller rate prescribed by the company’s charter;

h) Decide increases to the company’s charter capital; transfer part of or all of the company’s charter capital to other organizations and/or individuals;

i) Decide the establishment of subsidiaries, capital contributions to other companies;

k) Supervise and assess the company’s business operation;

l) Decide the use of profit after company’s tax liability and other financial obligations are fulfilled;

m) Decide the company’s restructuring, dissolution, and petition for bankruptcy;

bookkeeping-vinasc1n) Withdraw the entire value of the company’s asset value after the dissolution or bankruptcy process is completed;

o) Exercise other rights prescribed in this Law and the company’s charter.

2. The company’s owner being an individual has the rights to:

a) Decide the contents of the company’s charter; amend the company’s charter;

b) Decide the company’s investments, business operation, and administration, unless otherwise prescribed by the company’s charter;

c) Decide increases to the company’s charter capital; transfer part of or all of the company’s charter capital to other organizations and/or individuals;

d) Decide the use of profit after company’s tax liability and other financial obligations are fulfilled;

dd) Decide the company’s restructuring, dissolution, and petition for bankruptcy;

e) Withdraw the entire value of the company’s asset value after the dissolution or bankruptcy process is completed;

g) Exercise other rights prescribed in this Law and the company’s charter.