Four new points related to the business seals from 2021

The Law on Enterprise 2020 officially takes effect from January 1, 2021 with many new regulations compared to the previous Law on Enterprise 2014, specifically the contents related to the business seal.

Can members in a limited liability company withdraw their contributed capital without the consent of other members?

Question: Dear PL and Partners Law Firm, we have had a limited company with charter capital of 10 billion VND, including three members, me and two other friends of mine, in which, my contributed capital is 2 billion 500 million VND, accounting for 25% of the total charter capital. However, after operation within 03 years,

Who has authority to enter into labor contracts, and economic contracts in an enterprise?

As we know, the execution of contracts between the company and other individuals, organizations shall be performed by the company’s representative. The company’s representative can be a legal representative or an authorized representative. Each form of representation is specifically prescribed as follow: 1. FIRST, THE AUTHORITY IN REPRESENTING ENTERPRISE TO ENTER INTO ECONOMIC CONTRACTS The

Is “Tet bonus” required for social insurance payment and personal income tax payment?

One of the welfare regimes besides salary, allowance, KPI bonus, etc., “Tet bonus” is also believed to be a great concern for employees. Currently, enterprises are not obliged to give Tet bonus by the law, and Tet bonus can be in cash or in kind depending on each company’s bonus regulation. This is only seen