Procedures for changing founding shareholders of a joint stock company

Changing founding shareholders of a joint stock company is an important process. This procedure not only enhances the ability to attract investment capital from new shareholders, but also allows the company to restructure ownership to optimize operational efficiency. On the other hand, changing founding shareholders can affect the rights and obligations of shareholders, so businesses need to do it correctly to ensure legality and transparency.

Competent authority to resolve the changing founding shareholders of a joint stock company

The Business Registration Office where the company’s headquarters is located is the unit that receives documents to change founding shareholders. This agency checks the validity of business registration documents. The Business Registration Office will update information of founding shareholders in the National Business Registration Database.

According to the provisions of Article 57 of Decree 01/2021/ND-CP, notification of changing founding shareholders information to the Business Registration Office is only done in cases where founding shareholders have not yet paid or only paid part of the shares registered to buy according to the provisions of Article 113 of the Law on Enterprises 2020.

Order and procedures for changing founding shareholders of a joint stock company

Profile components

According to the provisions of Clause 3, Article 57 of Decree 01/2021/ND-CP, documents for notification of changing founding shareholders of a joint stock company include:

1. Notice of change in business registration content, signed by the legal representative of the business.
2. List of founding shareholders of joint stock companies:

• Does not include information about founding shareholders who have not yet paid for the shares they registered to buy;
• Must have full signatures of shareholders making changes.

3. Legal documents of the legal representative (such as Citizen Identification Card).
4. Legal documents of the applicant in case of authorization to submit the application.

Implementation procedures

The process of changing founding shareholders of a joint stock company includes the following steps:

Step 1: Prepare documents

Step 2: Submit application

• Submit directly to the Business Registration Office;
• Submit via National Business Registration Portal (if eligible);
• Submit via postal service.

Step 3: After receiving the business registration application, the Business Registration Office issues a Receipt and checks the validity of the application.

Step 4: Processing documents:

• Within 03 (three) working days from the date of receiving complete and valid documents, the Business Registration Office will return the results. At the same time, update information of founding shareholders in the National Business Registration Database.
• In case an enterprise needs, the Business Registration Office will issue a Certificate of change in business registration content to the enterprise.

Regulations on settlement deadlines

According to the provisions of Clause 3, Article 133 of the Law on Enterprise 2020:

• Time limit for notification of changes: 30 days from the end of the period to pay in full for the number of shares registered to buy;
• Time limit for processing documents by the Business Registration Office: 03 working days from the date of receipt of complete and valid documents;
• Time limit for additional documents (if any): 60 working days from the date of receipt of notification.

Consulting and support services to resolve the change of founding shareholders of a joint stock company in Long Phan

Long Phan provides the following services:

• Consulting on the process of changing founding shareholders for the client’s company;
• Support in drafting and preparing documents according to regulations;
• Enterprise representative submits documents to the competent state agency;
• Track and update application progress for customers quickly and effectively;
• Support in explaining documents to state agencies.

To receive support in carrying out procedures to change founding shareholders of joint stock companies in a professional and effective manner, please contact Long Phan via the hotline: 0906735386. A team of experts with many years of experience in the field of consulting for businesses, we believe we will effectively and professionally support you in completing documents and carrying out procedures quickly.