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question and answer
:: Question :: We are an oversea fund management. Instead of delivering our documents from Vietnam to abroad for sealing, we would like to bring our overseas corporate seal into Vietnam to sign some contracts and documents with Vietnamese enterprises. Please kindly advice us on the related procedure?
Answer:
Item B, Section II of Joint Circular No. 07/2002/TT-LT of the Ministry of Public Security and the Government Organizational Committee dated May 6, 2002 guiding the implementation of a number of provisions of Decree No. 58/2001/ND-CP of the Government dated August 24, 2001 on management and usage of the seal provides as follows:
When bringing the seal into Vietnam for usage, all foreign organization and body operating in Vietnam, except for diplomatic representative, must comply with the following regulations: (i) Having Request for permission to bring the seal from abroad into Vietnam for usage in accordance with the form stipulated by the Ministry of Public Security; (ii) Document on permission for foreign organization and body to operate in Vietnam issued by the competent authority (the original one must be shown, whereas a copy must be submitted); (iii) Individuals carrying out the procedure for bringing the seal into Vietnam for usage must provide his passport or identity card.
Within 07 (seven) working days from the date of receipt of the valid dossier, the competent public security must conduct necessary procedure for issuance of the License of bringing the seal into Vietnam to the applicant. Within 07 (seven) working days from the date of obtaining the permission for bringing the seal from foreign countries into Vietnam organization and body must bring the License and the seal to the provincial public security office where their head office located for registration and for issuance of the Seal Sample Registration Certificate. The term of usage of such seal shall be defined in accordance with the operation term stipulated in the license of operation issued by the competent authority of Vietnam.
Your company is a foreign organization, therefore, it is required that your company must fully comply with such regulations in order to bring the seal into Vietnam for usage.
orther:
- » Question :: I am a member of the Supervisory Commission (the Commission) of a public company which is unlisted and termed from 2007 to 2010. Until now, my term is still valid. In 2009, I was [not] invited to attend any meeting of the company’s Commission. Recently, I also did not attend the Commission’s meeting to produce the Commission’s Report for submission to the General Shareholder’s Meeting (the Meeting) year 2010 on April 9. I was informed that this Commission’s Report was built by the Commissions’ Director (the another member of the Commission also did not attend). I would like to ask you whether the operation of the Commission like that is legal or not? Is the Report mentioned above legal? What should I do to comply with the rights, duties and obligations of a Commission’s member? (01/06/2010)
- » Question :: I am a president of the Management Board (“the Board”) of a public company. As per regulations, the term of the Board, Supervisory Commission (“the Commission”) is five (5) years. Therefore, the first term of the Board, Commission is due on November 2010. However, in order to facilitate the voting of the Board, the Commission in the second term, the Board would like to submit the General Shareholder’s Meeting (“the Meeting”) with the latest on April 19, 2010 for renewal of the first term of the Board, the Commission until April 2011. So, the question is that is the renewal true or not? If the shareholders are not taken opinions directly at the Meeting, can the Board collect opinions indirectly from shareholders in writing? If the Meeting does not pass the renewal, how can the voting of the Board, the Commission be taken in compliance with laws? (31/05/2010)
- » Question :: Our company registers shares at the Securities Depository Central (SDC), but cannot deposit, of which my 10.000 shares. So, can I transfer directly 2.000 shares to my brother and compliment 2.000 shares to my wife? (03/05/2010)
- » Question :: We are a unlisted public company which issued convertible bond (two years term) nearly two years ago. In the coming time, the company will register to list shares in the Ho Chi Minh City Stock Exchange (HOSE). In order to shorten time, will the company be able to conduct this procedure along with converting bonds to shares? (28/04/2010)
- » Question :: In 2009, the price of listed shares of many companies increased continuously. Therefore, such companies were required to provide explanation for such increase. There are many companies used the same explaining contents for different explanation. Please kindly provide the regulations on content of the explanation on increase of price of shares? (21/03/2010)