Slide LDN (hệ E) C5 - Luật Doanh Nghiệp UEL

CHAPTER 5: JOINT STOCK COMPANY 1 OVERVIEW I. Overview II. Stock and share III. Legal regulations IV. Organizational structure V. Financial regulations 2 I. Overview 3 1. History * Around the world: - 1600: Công ty Đông Ấn (Anh) - 1602: Công ty Đông Ấn ( Hà Lan)… => Pháp luật điều chỉnh - Luật CTCP của Anh 1844, 1856; Luật thương mại của Pháp 1807; Luật thương mại chung của Đức 1861; Luật công ty Mỹ 1881 * Việt Nam - Bộ dân luật thi hành tại các tòa Nam án Bắc kỳ - Bộ luật TM Trung phần - Bộ luật TM (1972) - Luật công ty 1990 - Luật doanh nghiệp 1999 - Luật doanh nghiệp 2005 I. Overview 2. Definition <Art. 111 LoE> II III I IV A joint stock company is an enterprise in which the charter capital is divided into units of equal value called shares, the person who has shares is called a shareholder. A shareholder’s liability for the company’s debts and liabilities is equal to the amount of capital contributed to the company by the shareholder. 4 I. Overview 3. Characteristic - Charter Capital: Charter Capital is divided into equal parts. Charter Capital = Total number of shares X prices of a share Minimum number: 3 -Shareholders 5 Organizations and individuals Limited liability I. Overview - Company’s liability: The Company’s liability for the company’s debts and liabilities is equal to the amount of capital - Jurisdiction: A joint stock company has the status of a juridical person from the day on which the Certificate of Enterprise Registration is issued - Shares: free to transfer - Increase charter capital: may issue shares, bonds and other kinds of securities. 6 II. Stocks and shares 1. Definition of shares The charter capital is divided into units of equal value called shares. 7 II. Stock and shares 3. Types of shares 3.1 Ordinary shares - This type of share is the basic share in the joint stock company - The holder of ordinary shares is the ordinary shareholder. - Each ordinary share equals one vote in the General Meeting of Shareholders - Ordinary shares can not be converted into preference shares. 9 - Ordinary shares are free to be transferred. - Underlying ordinary shares: Non-voting depository receipts have interest and obligations proportional to the underlying ordinary shares, except voting rights