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Question :: Some enterprises have recently issued convertible bonds in the Stock Market. What is the convertible bond and conditions to issue convertible bonds ?
Question :: Shares of my Company are listed on the HOSE. The enterprise intended to increase its charter capital under the form of issuing additional shares to offer investors in 2009. Nevertheless, when the enterprise registered the dossier to increase its charter capital with the competent Planning and Investment Department, this competent authority did not accept the vote counting minutes, which collects the shareholders’ written opinion. As a result, the Planning and Investment Department requested the enterprise to supply the copy of the Minutes of the General Meeting of Shareholders of the Company. Please kindly advise how the law regulates this case?
Question :: We are a bank accepted by the State Securities Commission (SSC) to issue share to public to increase the charter capital. Under the applicable regulations, the invested capital by the Investors to purchase shares of an enterprise must deposit in an escrow bank account at a commercial bank (CB). Please kindly advise whether we are permitted to open such bank account at our bank or not?

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LEGAL NEWS

Fee for shares auction

On April 27, 2009, the Ministry of Finance issued Circular No. 82/2009/TT-BTC stipulating the fee level, collection, management and usage of the fees for shares auction.
Enterprises, organizations and individuals holding shares that are offered for sale via auction at the Stock Exchange (SE) and the Securities Transaction Center (STC), and other organizations permitted to organize an auction must pay the auction fees.
A fee for shares auctions applied in SE, STC is 0.3% of the total value of the shares already sold and the maximum fee can not exceed VND300 million per each share auction.
A fee offered by organizations permitted to organize an auction can be agreed by related parties and cannot exceed 0.3% of the total value of the shares actually sold.
A fee for shares auction collected is an amount, which does not belong to the State Budget. Organizations collecting fee will pay taxes for such fee and are entitled to administer and use such fee after fulfilling all taxes as regulated by applicable laws.
This Circular shall take effect after 45 days from the date of signing.