Latest-changes-and-charter-form-of-limited-liability-companies

Latest changes and charter form of limited liability company l G-OFFICE

In 2019 there are some fundamental changes as follows about the charter of limited liability company (Limited). G-Office will share the latest charter company model as well as instructions on changing procedures for all businesses to consult.

Some new points changed in the charter of limited liability companies:

The first is about the management of business locations in other provinces / cities of the enterprise: Accordingly from October 10, 2018, limited liability companies are allowed to establish transaction offices or other warehouses in provinces / cities. which is not required to be associated with the establishment of a company branch.

Second, after deciding to change the charter capital of a limited company through an enterprise, it is required to record it in the minutes of the meeting (if any) and the company's decision.

Thirdly, limited liability companies are only recognized by the business registration office when they contribute capital and are granted a certificate of capital contribution by the company.

Procedures for amendment and supplementation of charter in limited liability companies:

The first is the authorized person to approve the change of the company charter: with a limited liability company, the Chairman and a limited liability company with two members are the Members' Council. Therefore, if you want to supplement and amend the business, you need to organize a meeting and issue a decision of this agency through the amendment and supplement of the company's charter.

Secondly, according to Clause 3, Article 25 of the 2014 Enterprise Law, the form of company charter is changed as follows: "The amended and supplemented charter must include the full name and signature of the following people. here:

a) Chairman of the Members' Council for partnership companies;

b) The owner, the legal representative of the owner or the legal representative for a one member limited liability company;

c) The legal representative of a limited liability company with two or more members and a shareholding company. "

Therefore, in order to ensure the legal value, the amendment or supplementation of the company charter requires a full signature of the above objects.

What companies should use the charter form?

The limited liability company usually only uses the company's charter form when submitting to the capital-contributing members the plan to establish the company, the plan to change the business registration or the plan to amend and supplement the company's charter.

Based on the fact that corporate administrators can add and agree more terms that are not illegal in the charter and issued in the right form, content and process as mentioned above.