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blue-check A company’s charter must regulate in details the decentralization among leaders’ titles

Official letter No. 03/QLKTTW-DN dated January 3, 2023 of the Ministry of Planning and Investment regarding completion, supplement to regulations at the Law on Enterprises pertaining to decentralization, designation and authorization at joint stock companies, limited liability companies
Posted: 5/1/2023 9:53:08 AM | Latest updated: 9/1/2023 1:54:03 PM (GMT+7) | LuatVietnam: 5618 | Vietlaw: 595
VietlawOnline

According to opinions of the Ministry of Planning and Investment, relating to functions, tasks, rights and obligations as well as mechanism for authorizing, decentralizing and designating among the Board of Members, the company's President, the General Meeting of Shareholders, the Board of Directors, Director/General Director of a limited liability company and joint stock company, they are regulated at Articles 55, 63, 138, 153, 162 and related regulations at the Law on Enterprises No. 59/2020/QH14status2 (amended, supplemented at Law No. 03/2022/QH15).

However, the Ministry of Planning and Investment notes that according to Points dd, e, g and h clause 2 Article 24 and clause 1, clause 2 Article 12 of the Law on Enterprises No. 59/2020/QH14status2 , in a company's charter, it is needed to regulate in details the authorization, decentralization, designation based on the company's actual conditions and situation, based on the regulations at the Law on Enterprises and related legislative documents on civil.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 595

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