What is the content of the business announcement after being granted the Business Registration Certificate?

The content of the enterprise announcement after being granted the Enterprise Registration Certificate includes the contents according to Article 32 of the 2020 Enterprise Law as follows:

1) After being granted a Business Registration Certificate, an enterprise must make a public announcement on the National Business Registration Portal and pay fees according to the provisions of law.

The contents of the business announcement include the contents of the Business Registration Certificate and the following information:

– Business lines and professions;

– List of founding shareholders; List of shareholders who are foreign investors for joint stock companies (if any).

2) In case of changes to the business registration content, the corresponding changes must be publicly announced on the National Business Registration Portal.

How to provide information about the business announcement content after being granted the Business Registration Certificate?

Article 33 of the 2020 Enterprise Law stipulates as follows:

– Organizations and individuals have the right to request the State Management Agency for Business Registration and the business registration authority to provide information stored on the National Business Registration Information System and must pay fees according to the provisions of law.

– The state management agency in charge of business registration and the business registration authority are obliged to provide complete and timely information as prescribed in Clause 1 of this Article.

– The Government regulates this Article in detail.

Which agency must businesses notify when changing business registration content?

Article 31 of the 2020 Enterprise Law stipulates as follows:

Notification of change in business registration content

1. Enterprises must notify the Business Registration Authority when changing one of the following contents:

a) Business lines;

b) Founding shareholders and shareholders who are foreign investors for joint stock companies, except for listed companies;

c) Other content in business registration documents.

2. Enterprises are responsible for notifying changes in enterprise registration content within 10 days from the date of change.

3. A joint stock company must notify in writing the Business Registration Authority where the company’s head office is located within 10 days from the date of change to shareholders who are foreign investors registered in the company’s shareholder register. The notice must include the following contents:

a) Name, enterprise code, head office address;

b) For shareholders who are foreign investors transferring shares: name, head office address of the shareholder who is an organization; full name, nationality, and contact address of individual shareholders; number of shares, type of shares and their current share ownership ratio in the company; number of shares and type of shares transferred;

c) For shareholders who are foreign investors receiving transferred shares: name and head office address of the shareholder who is an organization; full name, nationality, and contact address of individual shareholders; number of shares and type of shares to be transferred; number of shares, type of shares and their respective share ownership ratio in the company;

d) Full name, signature of the legal representative of the company.

4. Within 03 working days from the date of receipt of the notice, the Business Registration Authority is responsible for reviewing the validity and making changes to the business registration content; In case the dossier is not valid, the Business Registration Authority must notify the enterprise in writing of the content that needs to be amended or supplemented. In case of refusal to amend or supplement information according to the content of the notice of change in business registration, the enterprise must be notified in writing and clearly state the reason.

5. Notification of change in business registration content according to the decision of the Court or Arbitration shall be carried out according to the following order and procedures:

a) Organizations and individuals requesting to change the content of business registration shall send a notice of change in registration content to the competent business registration authority within 10 days from the date the Court’s judgment or decision takes legal effect or the Arbitrator’s award takes effect. The notice must be accompanied by a copy of the legally effective judgment or decision of the Court or the effective Arbitral Award;

Thus, enterprises must notify the Business Registration Authority when changing one of the following contents:

– Business lines and professions;

– Founding shareholders and shareholders who are foreign investors for joint stock companies, except for listed companies;

– Other content in the business registration dossier.