Famous law firm in Hanoi, Dragon Law answer for a question from our foreign investor on the rights and obligations of tourists in Vietnam.
Capital Contribution for Public Employee
Update: 11/10/2016 | 9:25:43 AM - Dragon Law Firm
Dragon Law Firm with professional lawyers in consultation of business capital contribution.
Question:
“I am a lecturer of public university in Hanoi. I want to join in in my friend’s partnership as a capital contribution member. Would Dragon Law like to tell me about my situation?”
Answer:
Pursuant to Clause 3 of Article 14 under Law on Public Employees 2010:
3. To contribute capital to but be disallowed to participate in managing and administering limited liability companies, joint-stock companies, partnerships, cooperatives, and private hospitals, schools or scientific research institutions, unless otherwise provided for by law.
Based on Clause 18 of Article 4 of Law on Enterprise 2014 stipulated:
18. Enterprise managers is the manager of the company or manager of sole proprietorship, who is either an owner of a sole proprietorship, a general partner, the Chairpersons of the Board of members, a member of the Board of members, the company's President, the Chairperson of the Board of Directors, a member of the Board of Directors, the Director/General Director, or a person holding another managerial position who is entitled to enter into the company’s transactions on behalf of the company according to the company’s charter.
Then, Dragon Law’s business consultation service can answer that you can contribute your capital to your friend’s partnership as a capital contribution member.
If having any question about business activities, please contact to Dragon Law Firm with high experience lawyers to be supported at:
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Dragon Law Firm - Hotline: 1900.599.979
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