Contents of Law 68/2014/QH13 on Enterprises


1 Chapter I. GENERAL PROVISIONS
1.1 Article 1. Scope of regulation
1.2 Article 2. Subjects of application
1.3 Article 3. Application of the Law on Enterprises and specialized laws
1.4 Article 4. Interpretation of terms
1.5 Articles 5. State guarantee for enterprises and enterprise owners
1.6 Article 6. Political organizations and socio-political organizations in enterprises
1.7 Article 7. Rights of enterprises
1.8 Article 8. Obligations of enterprises
1.9 Article 9. Rights and obligations of enterprises engaged in provision of public products or services
1.10 Article 10. Criteria for and rights and obligations of social enterprises
1.11 Article 11. Document preservation regime of enterprises
1.12 Article 12. Report on change of information about enterprise managers
1.13 Article 13. At-law representatives of enterprises
1.14 Article 14. Responsibilities of at-law representatives of enterprises
1.15 Article 15. Authorized representatives of institutional owners, members or shareholders
1.16 Article 16. Responsibilities of authorized representatives of institutional owners, members and shareholders
1.17 Article 17. Prohibited acts
Chapter II. ENTERPRISE ESTABLISHMENT
2.1 Article 18. Right to establish, contribute capital, purchase shares and contributed capital amounts and manage enterprises
2.2 Article 19. Contracts prior to enterprise registration
2.3 Article 20. Enterprise registration dossiers for private enterprises
2.4 Article 21. Enterprise registration dossiers for partnerships
2.5 Article 22. Enterprise registration dossiers for limited liability companies
2.6 Article 23. Enterprise registration dossiers for joint stock companies
2.7 Article 24. Contents of an enterprise registration application
2.8 Article 25. Company charter
2.9 Article 26. List of members of a limited liability company or partnership, list of founding shareholders of a joint stock company
2.10 Article 27. Order and procedures for enterprise registration
2.11 Article 28. Grant of enterprise registration certificates
2.12 Article 29. Contents of an enterprise registration certificate
2.13 Article 30. Identification number of an enterprise
2.14 Article 31. Registration of changes in contents of enterprise registration certificates
2.15 Article 32. Notification of changes in contents of enterprise registration
2.16 Article 33. Announcement of contents of enterprise registration
2.17  Article 34. Provision of information on contents of enterprise registration
2.18 Article 35. Assets contributed as capital
2.19 Article 36. Transfer of ownership of assets contributed as capital
2.20 Article 37. Valuation of assets contributed as capital
2.21 Article 38. Names of enterprises
2.22 Article 39. Prohibited acts in naming enterprises
2.23 Article 40. Names of enterprises written in foreign languages and abbreviated names of enterprises
2.24 Article 41. Names of branches, representative offices and business locations
2.25 Article 42. Identical names and confusingly similar names
2.26 Article 43. Head offices of enterprises
2.27 Article 44. Seals of enterprises
2.28 Article 45. Branches, representative offices and business locations of an enterprise
2.29 Article 46. Establishment of branches and representative offices of an enterprise
3 Chapter III. LIMITED LIABILITY COMPANIES
Section 1. Limited liability companies with two or more members
4.1 Article 47. Limited liability companies with two or more members
4.2 Article 48. Capital contribution for company establishment and grant of capital contribution certificates
4.3 Article 49. Register of members
4.4 Article 50. Rights of members
4.5 Article 51. Obligations of members
4.6 Article 52. Redemption of contributed capital amounts
4.7 Article 53. Transfer of contributed capital amounts
4.8 Article 54. Handling of contributed capital amounts in some special cases
4.9 Article 55. The organizational and management structure of companies
4.10 Article 56. The Members’ Council
4.11 Article 57. Chairperson of the Members’ Council
4.12 Article 58. Convening of meetings of the Members’ Council
4.13 Article 59. Conditions and procedures for conducting meetings of the Members’ Council
4.14 Article 60. Resolutions of the Members’ Council
4.15 Article 61. Minutes of meetings of the Members’ Council
4.16 Article 62. Procedures for approval of resolutions of the Members’ Council by collection of written opinions
4.17 Article 63. Effect of resolutions of the Members’ Council
4.18 Article 64. Director or director general
4.19 Article 65. Criteria and conditions for acting as director or director general
4.20 Article 66. Remuneration, wages and bonus of the chairperson of the Member’ Council, director or director general and other managers
4.21 Article 67. Contracts and transactions subject to approval by the Members’ Council
4.22 Article 68. Changes in charter capital
4.23 Article 69. Conditions for distribution of profits
4.24 Article 70. Recovery of returned contributed capital amounts or distributed profits
4.25 Article 71. Responsibilities of the chairperson of the Members’ Council, director or director general, at-law representative, supervisors and other managers
4.26 Article 72. Initiation of lawsuits against managers
Section 2. SINGLE-MEMBER LIMITED LIABILITY COMPANIES
5.1 Article 73. Single-member limited liability companies
5.2 Article 74. Capital contribution for company establishment
5.3 Article 75. Rights of the company owner
5.4 Article 76. Obligations of the company owner
5.5 Article 77. Exercise of the rights of the company owner in some special cases
5.6 Article 78. The organizational and managerial structure of single-member limited liability companies of institutional owners
5.7 Article 79. The Members’ Council
5.8 Article 80. The company president
5.9 Article 81. Director or director general
5.10 Article 82. Supervisors
5.11 Article 83. Responsibilities of members of the Members’ Council, the company president, director or director general and supervisors
5.12 Article 84. Remuneration, wages and other benefits of managers of the company and supervisors
5.13 Article 85. Organizational and managerial structure of single-member limited liability companies of individual owners
5.14 Article 86. Contracts and transactions of the company with affiliated persons
5.15 Article 87. Changes in charter capital
Chapter IV. STATE ENTERPRISES
6.1 Article 88. Application of provisions to state enterprises
6.2 Article 89. Organizational and managerial structure of the enterprise
6.3 Article 90. The Members’ Council
6.4 Article 91. Rights and obligations of the Members’ Council
6.5 Article 92. Criteria and conditions of members of the Members’ Council
6.6 Article 93. Relief of duty, dismissal of members of the Members’ Council
6.7 Article 94. Chairperson of the Members’ Council
6.8 Article 95. Rights and obligations of other members of the Members’ Council
6.9 Article 96. Responsibilities of the chairperson and other members of the Members’ Council
6.10 Article 97. Working regime, conditions and procedures for conducting meetings of the Members’ Council
6.11 Article 98. The company president
6.12 Article 99. Director, director general of the company
6.13 Article 100. Criteria and conditions of directors, director general
6.14 Article 101. Relief of duty, dismissal of the director or director general and other managers of the company
6.15 Article 102. The Supervisory Board
6.16 Article 103. Criteria and conditions of supervisors
6.17 Article 104. Rights of the Supervisory Board and supervisors
6.18 Article 105. Working regime of the Supervisory Board and supervisors
6.19 Article 106. Responsibilities of supervisors
6.20 Article 107. Relief of duty, dismissal of supervisors
6.21 Article 108. Periodical information disclosure
6.22 Article 109. Disclosure of irregular information
7 Chapter V. JOINT STOCK COMPANIES
7.1 Article 110. Joint stock companies
7.2 Article 111. Equity of joint stock companies
7.3 Article 112. Payment for shares already registered for purchase upon enterprise registration
7.4 Article 113. Types of shares
7.5 Article 114. Rights of ordinary shareholders
7.6 Article 115. Obligations of ordinary shareholders
7.7 Article 116. Voting preference shares and rights of voting preference shareholders
7.8 Article 117. Dividend preference shares and rights of dividend preference shareholders
7.9 Article 118. Redeemable preference shares and rights of redeemable preference shareholders
7.10 Article 119. Ordinary shares of founding shareholders
7.11 Article 120. Share certificates
7.12 Article 121. Register of shareholders
7.13 Article 122. Share offering
7.14 Article 123. Private offering
7.15 Article 124. Share offering to existing shareholders
7.16 Article 125. Sale of shares
7.17 Article 126. Transfer of shares
7.18 Article 127.  Issue of bonds
7.19 Article 128. Purchase of shares and bonds
7.20 Article 129.  Redemption of shares at the request of shareholders
7.21 Article 130. Redemption of shares pursuant to a decision of the company
7.22 Article 131.  Conditions for payment and handling of redeemed shares
7.23 Article 132. Payment of dividends
7.24 Article 133. Recovery of payments for redeemed shares or dividends
7.25 Article 134. Organizational and managerial structure of joint stock companies
7.26 Article 135. The General Meeting of Shareholders
7.27 Article 136. Competence to convene the General Meeting of Shareholders
7.28 Article 137. List of shareholders entitled to attend the General Meeting of Shareholders
7.29 Article 138. Program and agenda of the General Meeting of Shareholders
7.30 Article 139. Invitation to the General Meeting of Shareholders
7.31 Article 140. Exercise of the right to attend the General Meeting of Shareholders
7.32 Article 141. Conditions for conducting the General Meeting of Shareholders
7.33 Article 142. Procedures for conducting and voting at the General Meeting of Shareholders
7.34 Article 143. Forms of passing resolutions of the General Meeting of Shareholders
7.35 Article 144. Conditions for the approval of resolutions
7.36 Article 145. Competence and procedures for collecting written opinions in order to pass resolutions of the General Meeting of Shareholders
7.37 Article 146. Minutes of the General Meeting of Shareholders
7.38 Article 147. Request for revocation of resolutions of the General Meeting of Shareholders
7.39 Article 148. Effect of resolutions of General Meeting of Shareholders
7.40 Article 149. The Board of Directors
7.41 Article 150. Term of office and numbers of members of the Board of Directors
7.42 Article 151. Structure, criteria and conditions of members of the Board of Directors
7.43 Article 152. Chairperson of the Board of Directors
7.44 Article 153. Meetings of the Board of Directors
7.45 Article 154. Minutes of meetings of the Board of Directors
7.46 Article 155. Rights of members of the Board of Directors to be provided with information
7.47 Article 156. Relief of duty, removal from office and addition of members of the Board of Directors
7.48 Article 157. Director or director general of the company
7.49 Article 158. Remuneration, wages and other benefits of members of the Board of Directors, the director or director general
7.50 Article 159. Public disclosure of related interests
7.51 Article 160. Responsibilities of managers of the company
7.52 Article 161. Right to initiate lawsuits against members of the Board of Directors, director or director general
7.53 Article 162. Contracts and transactions which shall be approved by the General Meeting of Shareholders or Board of Directors
7.54 Article 163. The Supervisory Board
7.55 Article 164. Criteria and conditions for supervisors
7.56 Article 165. Rights and obligations of the Supervisory Board
7.57 Article 166. Right of the Supervisory Board to be provided with information
7.58 Article 167. Salaries and other benefits of supervisors
7.59 Article 168. Responsibilities of supervisors
7.60 Article 169. Relief of duty and removal from office of supervisors 
7.61 Article 170. Submission of annual reports
7.62 Article 171. Disclosure of information of joint stock companies
8 Chapter VI. PARTNERSHIPS
8.1 Article 172. Partnerships
8.2 Article 173. Capital contribution and grant of capital contribution certificates
8.3 Article 174. Assets of a partnership
8.4 Article 175. Restrictions on rights of general partners
8.5 Article 176. Rights and obligations of general partners
8.6 Article 177. The Members’ Council
8.7 Article 178. Convening meetings of the Members’ Council
8.8 Article 179. Management of business of a partnership
8.9 Article 180. Termination of general partner status
8.10 Article 181. Admission of new partners
8.11 Article 182. Rights and obligations of limited partners
9 Chapter VII. PRIVATE ENTERPRISES
9.1 Article 183. Private enterprises
9.2 Article 184. Investment capital of enterprise owners
9.3 Article 185. Management of enterprises
9.4 Article 186. Lease of enterprises
10 Chapter VIII. CORPORATE GROUPS
10.1 Article 188. Economic groups, corporations
10.2 Article 189. Parent companies, subsidiaries
10.3 Article 190. Rights and responsibilities of a parent company to its subsidiaries
10.4 Article 191. Financial statements of parent companies and subsidiaries
11 Chapter IX. REORGANIZATION, DISSOLUTION AND BANKRUPTCY OF ENTERPRISES
11.1 Article 192. Division of enterprises
11.2 Article 193. Separation of enterprises
11.3 Article 194. Consolidation of enterprises
11.4 Article 195. Merger of enterprises
11.5 Article 196. Conversion of limited liability companies into joint stock companies
11.6 Article 197. Conversion of joint stock companies into single-member limited liability companies
11.7 Article 198. Conversion of joint stock companies into limited liability companies with two or more members
11.8 Article 199. Conversion of private enterprises into limited liability companies
11.9 Article 200. Suspension of business
11.10 Article 201. Cases of and conditions for dissolution of enterprises
11.11 Article 202. Order and procedures for dissolution of enterprises
11.12 Article 203. Dissolution of enterprises in case the enterprise registration certificate is revoked or as decided by a court
11.13 Article 204. Enterprise dissolution dossier
11.14 Article 205. Prohibited activities as from the date of the dissolution decision
11.15 Article 206. Termination of operation of branches and representative offices
11.16 Article 207. Bankruptcy of enterprises
12 Chapter X. ORGANIZATION OF IMPLEMENTATION
12.1 Article 208. Responsibilities of state management agencies
12.2 Article 209. Business registration agencies
12.3 Article 210. Handling of violations
12.4 Article 211. Revocation of enterprise registration certificates
12.5 Article 212. Effect
12.6 Article 213. Detailing provision

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