The Enterprise Law 2020 takes effect from January 1, 2021 with many new points, amendments, supplements and annulments compared to the 2014 Enterprise Law.
Currently, because the company’s charter is issued based on the 2014 Enterprise Law, there will be many different contents from the Enterprise Law 2020, leading to the conflict of not knowing which document to apply when problems arise.
Because the company’s charter is not included in the enterprise registration certificate, when amending or supplementing, the enterprise does not need to carry out notification procedures to the business registration agency.
Thus, enterprises need to amend the company’s charter when the Enterprise Law 2020 takes effect. The change procedure will be carried out within the company without having to notify the business registration agency.
Documentary Editorial Board, DBRC, Dong Du International Accounting & Legal Consulting Group Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network (www.japanvietnam.com.vn)
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