What is a partnership? Is a partnership allowed to issue shares xoilac tv trực tiếp bóng đá hôm nay Vietnam?

Hello,Lawnet would like to answer as follows:

1. What is a partnership? Is a partnership allowed to issue shares xoilac tv trực tiếp bóng đá hôm nay Vietnam?

Pursuant to Clause 1, Article 177 of xoilac tv trực tiếp bóng đá hôm naytrực tiếp bóng đá hôm nay, a partnership is an enterprise xoilac tv trực tiếp bóng đá hôm nay which:

- There are least 02 partners that are joint owners of the company and do business under the same name ((hereinafter referred to as “general partner”). There can be limited partners xoilac tv trực tiếp bóng đá hôm nay addition to general partners;

- A general partner shall be an individual whose liability for xoilac tv trực tiếp bóng đá hôm nay company’s obligations is equal to all of his/her assets;

- A limited partner can be an organization or an individual whose liability for xoilac tv trực tiếp bóng đá hôm nay company’s debts is equal to xoilac tv trực tiếp bóng đá hôm nay promised capital contribution.

A partnership is a type of enterprise governed by xoilac tv trực tiếp bóng đá hôm naytrực tiếp bóng đá hôm nay and has legal status from xoilac tv trực tiếp bóng đá hôm nay date of issuance of xoilac tv trực tiếp bóng đá hôm nay Business Registration Certificate.

Is a partnership allowed to issue shares xoilac tv trực tiếp bóng đá hôm nay Vietnam?

According to xoilac tv trực tiếp bóng đá hôm nay provisions of Clause 3, Article 177 of xoilac tv trực tiếp bóng đá hôm naytrực tiếp bóng đá hôm nay, a partnership must not issue any kind of securities.

At xoilac tv trực tiếp bóng đá hôm nay same time, according to xoilac tv trực tiếp bóng đá hôm nay provisions of Clause 1, Article 4 of xoilac tv trực tiếp bóng đá hôm nayxem bóng đá trực tiếp nhà, securities include xoilac tv trực tiếp bóng đá hôm nay following assets:

- Shares, bonds, fund certificates;

- Warrants, secured warrants, pull options, depository receipts;

- Derivatives;

- Other kinds of securities defined by xoilac tv trực tiếp bóng đá hôm nay Government.

A share certificate is a certificate issued by a joint stock company, a book entry or electronic data that certifies xoilac tv trực tiếp bóng đá hôm nay ownership of one or a number of shares of xoilac tv trực tiếp bóng đá hôm nay company. A share certificate shall contain xoilac tv trực tiếp bóng đá hôm nay following information:(Clause 1, Article 121 of xoilac tv trực tiếp bóng đá hôm naytrực tiếp bóng đá hôm nay)

So, shares are a type of security that only joint stock companies are allowed to issue, so there is no need to care about how much total capital a partnership needs to have to issue shares. According to xoilac tv trực tiếp bóng đá hôm naytrực tiếp bóng đá hôm nay, partnerships from the beginning are not allowed to issue securities xoilac tv trực tiếp bóng đá hôm nay general and issue shares xoilac tv trực tiếp bóng đá hôm nay particular.

2. What are the limitations of general partners xoilac tv trực tiếp bóng đá hôm nay Vietnam?

xoilac tv trực tiếp bóng đá hôm nay Article 180 of thetrực tiếp bóng đá hôm nay, regulations on xoilac tv trực tiếp bóng đá hôm nay limitations of general partners are as follows:

- A general partner must not be xoilac tv trực tiếp bóng đá hôm nay owner of a sole proprietorship; must not be a general partner of another partnership unless it is accepted by xoilac tv trực tiếp bóng đá hôm nay other general partners.

- A general partner must not, xoilac tv trực tiếp bóng đá hôm nay their own names or others’ names, do business xoilac tv trực tiếp bóng đá hôm nay the same busines lines as those of the partnership for personal gain or to serve the interests of another organization or individual.

- A general partner must not transfer part or all of his/her stake xoilac tv trực tiếp bóng đá hôm nay the company to another organization or individual unless it is accepted by the other general partners.

It can be seen that a general partner of a partnership has many limitations xoilac tv trực tiếp bóng đá hôm nay terms of rights, but looking at another aspect, there are some limitations that will not be applied if the general partner receives the consent of the remaining partnership members. Only acting xoilac tv trực tiếp bóng đá hôm nay the name of an individual or on behalf of another person doing business xoilac tv trực tiếp bóng đá hôm nay the same industry or line of business of the company for personal gain or serving the interests of other organizations or individuals is absolutely not allowed, even if you obtain the consent of the remaining partners, because this is a violation of business ethics.

Best regards!

Key word: xoilac tv trực tiếp bóng đá hôm nay Vietnam | general partners | partnership | shares |

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